--> The building construction is brand new vs something at least 25 years old in the city.

The 80,750-SF grocery-anchored neighborhood center, which traded at a 6.5% cap rate and was 92% occupied, has had The Fresh Market as its anchor tenant for the past 12 years.Higher up the pricing spectrum, unanchored and open-air shopping centers may see cap rates above 7% and occasionally push into the 8% to 9% range as specific market and quality factors influence each transaction.In the open-air shopping center segment, Nuveen sold the 1 MSF Fayette Pavilion to 5Rivers CRE, a private buyer from Houston, for $134 million, or $128/SF.

Comparatively, trailing 12-month sales volume peaked in the second quarter of 2022 at $140 billion, but has since fallen close to 60% from the recent highs.This slowdown highlights the lingering impacts of rising interest rates and the commensurate uncertainty around asset pricing as rent growth has begun to decelerate.However, private capital remains at the forefront of buying activity, fueled by a steady tide of fresh entrants to the sector and existing operators' efforts to beef up their portfolios.

Hi, we have a brand new floor in our home.

Brand new to all things real estate but excited to learn about investing techniques, make connections in the community and begin the journey of financial freedom!

Be sure to get a good mini split system if it is for the long run.. don't buy the cheap brands

I’m brand new at this. 

I've been toying with the idea of scrapping the building and starting fresh, creating a six-story building with at least six units, one per floor to rent out.

We ended up getting the price down to $280,000 ($9,750 less than asking) and further negotiated for the seller to install a brand new HVAC system.How did you add value to the deal?

Basically last year and in the coming year this market will see hundreds of brand new medium to large houses specifically aimed at STR and they are NICE!