All Forum Posts by: Sohail Bas

Hi Ronald, thanks for connecting. We look for smaller strip centers up to 9 tenants. The ones we currently own don't have major anchors. We are currently looking in the Northern Dallas area suburbs. Loan size would be in the $5 million range.

Do mainly work on deals in the Dallas area yourself?

0 Votes

Dallas, Texas

Like Chad mentioned, you want to avoid a 10 year lease if possible. Renewal options are a better way for both parties to feel good about the agreement. It gives you flexibility to increase future rents and it gives the tenant security in terms of having the option to stay there.

0 Votes

Philadelphia, Pennsylvania

Hello all, I am a retail center investor based in Dallas, TX, looking to connect with other individuals who are passionate about this asset class. Please let me know what areas you invest in. Looking to learn and share my experiences as well!

If anyone had any banking relationships they are willing to share that would be appreciated.

1 Vote

Dallas, Texas

All great suggestions. One other item I would address is BRANDING. Make sure you have signage for your building and make it unique. I found that many owners neglect monument signs and utilizing the walls of their properties as advertising.

1 Vote

Los Angeles County, California

Hi Tom, a few items on your journey to possibly purchase the building.

-negotiate if you can and always remember this may be the most important step
-due diligence, make sure zoning regulations don't cause you any problems in the future
-purchase agreement - this outlines the terms of the sale, make sure you have a lawyer review this
-financing - if they are owner financing that is great, if not try to have this secured before signing a contract
-closing - commercial property closing is much simpler and has less documents than a residential closing

Hope this helps.

0 Votes

Dallas, Texas

All Forum Posts by: Sohail Bas

Sohail Bas has started 3 posts and replied 16 times.

Post: Looking to connect with other passionate retail center investors!

Post: Looking to connect with other passionate retail center investors!

Post: 10-Year Commercial Lease - How to Project Rent

Post: Looking to connect with other passionate retail center investors!

Post: 570 W 4th Street, San Bernardino

Post: Buying one unit in a stripmall / shopping plaza