There are so many books discussing general knowledge on commercial leasing but it's somehow limited on actual owners/brokers' experiences with the industry whether it's for retail or office space. 

The price seems expensive to me for such a small space.

I go there for a conference every year and there has been a noticeable year over year improvement with more happening and vacant commercial space filling up.

Building constructed in 1980Present loan value appx $77k on a 15 yr note with 3.375% interestP&I pmt is appx $602NOI 2014 was $11489NOI 2013 was $5142      (spent around $4k on updates/remodeling)Appx $27k by my calculations of capital improvements needed in the next 5-10 years to increase the value of the property, properly maintain it, and keep it functionally up to date in order to attract higher quality tenants (located in a b grade area) (I'd rather have more invested to have higher quality tenants - have my own reasons for this line of thinking - willing to sacrifice a bit of profit to have good people)- Redo Kitchens- replace doors and all base trim/casing (more for my taste and would help the place rent out even quicker)- 2 escape windows installed for basement bedrooms- Concrete work needed on patios and near front of the house -- need to be done in the next yearProperty based on comps in the immediate area and a tight supply of decent duplexes here is $175-210k or so.  

Hopefully someone in that space can shine some more light on it.

I deal in the 10 unit and under space typically.Like @Joel Owens said though, in any market you have to have the infrastructure and know what you are looking for enough to be able to pounce on a deal immediately when one becomes available in your sweet spot.

I feel guilty saying it as I know many would kill to be in my position but I feel an awfully lot like Peter Gibbons in Office Space.

California is likely to continue to appreciate due to the limited space in the coastal areas, however, I don't think rents will keep pace.I'm a big advocate of investing where you live, but its tough for California right now.

It was supposed to start about 20minutes ago but still says "Sit tight. 

They have a house they are closing on... and they need some $... and fast...I am new in this lending space... and he said he is new in this type of situation as well.