This is, on the one hand, a real estate opportunity featuring several commercial properties located in various locations. The real estate components are excellent assets located in well-maintained areas. Still, it has, on the other hand, almost 20 years of professional retail service provider tenants occupying the units and has collected rent-based revenue at a consistent level with very high occupancy at each location. So, this is also a very straightforward professional service tenant-property management opportunity that also has significant quality real estate assets.
This real estate sale and commercial long-term tenants management includes multiple commercial real estate locations, comprising this group of modern retail-facing B2C cooperative professional service offices included in this sale. Each location offers spacious individual units at excellent rates, designed for personal service professionals to accommodate their customers or clients with the best attention in these upscale, professional individual or multi-office-type environments. These fully equipped offices are designed to suit your tenant’s aesthetic by utilizing beautiful interior materials tailored to each tenant’s taste. On average, approximately 1.5 dozen professionals are located at each site, serving their specific customer base. The locations are approximately 96% occupied on balance. Many tenant units at each location are as much as 20-30% below market rent, according to the seller, and can be increased by a new owner by phasing in increases over the coming years.
* Note: This is not likely an SBA loan-type opportunity, as it is not an owner-occupied business model, since dozens of other professionals occupy the units as tenants. As a result, this will likely require real estate-style commercial lending, which may mean a 20-30% down payment unless it’s entirely funded through investor/partner funds. It will also likely include, at some lenders, the requirement for an account at the institution, which may necessitate maintaining an additional 10-15% in a compensating balance account.
** The content of this summary listing information or related details as provided by the seller may be updated or revised without notice at any time once new or more current information becomes available.
Listing Details
Total Sales: $971,102
SDE: $638,644
Cash Flow: $638,644
FFE: $500,000 (Included in Price)
Inventory: $10,000 (Included in Price)
Real Estate: $5,900,000 (Included in Price)
Reason For Sale:
Semi-retirement, relocation, and family obligations.
Training & Support:
This is a very straightforward operation and will require minimal training, but training will be provided in as much as needed and agreed during the purchase process.
Operation
Year Established: 2007
Location
Type of Location: Commercial
Square Footage: 17452
Facilities Information:
The gross square footage of all locations combined is approximately 17,452 square feet. The rentable square footage of all locations combined is approximately 11,168 square feet. (Home-Based) It is being run from a home base. Has physical real property as significant assets.
Summary
Historical Summary:
This is, on one hand, a real estate opportunity. The real estate components are excellent assets located in well-maintained areas. Still, it has, on the other hand, almost 20 years of professional retail service provider tenants occupying the units and has collected rent-based revenue at a consistent level with very high occupancy at each location. So, this is also a very straightforward professional service tenent-property management opportunity.
This real estate sale and commercial long-term tenants management includes multiple commercial real estate locations, comprising this group of modern retail-facing B2C cooperative professional service offices included in this sale. Each location offers spacious individual units at excellent rates, designed for personal service professionals to accommodate their customers or clients with the best attention in these upscale, professional individual or multi-office-type environments. These fully equipped offices are designed to suit your tenant’s aesthetic by utilizing beautiful interior materials tailored to each tenant’s taste. On average, approximately 1.5 dozen professionals are located at each site, serving their specific customer base. The locations are approximately 96% occupied on balance. Many tenant units at each location are as much as 20-30% below market rent, according to the seller, and can be increased by a new owner by phasing in increases over the coming years.
* Note: This is not likely an SBA loan-type opportunity, as it is not an owner-occupied business model, since dozens of other professionals occupy the units as tenants. As a result, this will likely require real estate-style commercial lending, which may mean a 20-30% down payment unless it’s entirely funded through investor/partner funds. It will also likely include, at some lenders, the requirement for an account at the institution, which may necessitate maintaining an additional 10-15% in a compensating balance account.
** The content of this summary listing information or related details as provided by the seller may be updated or revised without notice at any time once new or more current information becomes available.
Competition:
- Consistent, professional, and growing demand for modern office suites within the building layout. High-quality and well-kept building environment and operations set the standard in this case.
Potential Growth:
- Consistent, professional, and growing demand for modern office suites within the building layout. High-quality and well-kept building environment and operations set the standard in this case.
Financing/Terms:
This is not likely an SBA loan-type opportunity, as it is not an owner-occupied business model, since dozens of other professionals occupy the units as tenants. As a result, this will likely require real estate-style commercial lending, which may mean a 20-30% down payment unless it’s entirely funded through investor/partner funds. It will also likely include, at some lenders, the requirement for an account at the institution, which may necessitate maintaining an additional 10-15% in a compensating balance account.