My understanding/impression is that most of the 15 tenants are in the 700-1500 sq ft. range with the largest space being 2200 sq. ft.The Office Submarket looks as such: Flat capital growth and lease rate growth since the recession13.7% average vacancy rate in submarket 3 star (10.9% across all level properties)Availability rate 13.9%12 month net absorption SF 227kAverage 12 month sales Cap 7.7% (across all star properties)0 new properties under construction or to be delivered in the next 12 months Average lease rates are $22-24 sq. ft (this property is about 21.5-22)Value add (seems to be a stretch but might be):Upgrading interior hallways and exterior for a broader appeal and capital appreciationOffer basic build outs to interested parties (not something the current owners do) Working against the office submarket in North NJ is a declining population.and high property taxes but the 2 star being at the bottom may be better equipped to handle stagnancy.This building is on main road with a15-17k car count a year/ does provide signage is near retail and less than a 1/5 mile off a highway exit and is close to a city center.  

beanie Doo is a great product let it sit over night black mastic will liquify use squeegee. put down sweeping compound etc down to absorb. use good commercial degreaser 80/20 this rinse clean water

They are roughly 600 a mo. for an average of 20-25 leads.

I don’t personally like to buy in neighbourhoods that have an average household income of less than 60k per year.

If you own it, then spend the Capital to get this business asset productive.

We average 1 renter every one to two months.

Has anyone ever heard of buying a home with a mortgage and then immediately putting that home into a loan product that would similar to a HELOC?

Lot rents seem low at an average of $111, but I will confirm this during due diligence.  

If they attack, they have the physically capability to inflict 10x the damage compared to an  "average" dog of the same size.

I submitted my appeal and heard back from the reviewer with additional questions regarding my expenses ("seems the expenses are higher than average for comparable properties").