It's going to be a mixed-use retail residential development off Northside Dr and Mitchell St.

I normally like to lease since the installation goes well, the machines are maintenance and updated by a large company that only does laundry and we typically can get great technology at lower rate that purchasing full retail. 

It is a retail business that thrives in both a down market (put) as well as a growth market (option). 

The downside is that because they are stock cabinets there are not alot of 'custom' things you can do with them.PS - If you use any major retailer to install your cabinets, alot of times they will give you the cabinets for free and have you make up the cost in installation so you can save sales tax.

Unless something unusual is going on in your market, most retail houses sell for +/- 5% of asking price.

Who's going to buy this property at retail? 

I want you to have massive success and get stared as soon as possible - just wanted to reinforce a point that may have been missed.  

From reading posts on BP, I'm getting the impression that commercial real estate, specifically retail and office space are in the recovery stage.  

Started by Paul Singh"however I know there have been at least 3 threads started since then, with "CAP rates will compress in Retail and Office Space?"

Part-time people you might do an occasional deal here or there but not massive success.