Posted in Office on March 1, 2018

WANT to BUY MultiTenant Office with Vacancy | $2-7M per Property

WANT to BUY MultiTenant Office with Vacancy | $2-7M per Property

REQUIREMENTS for Class B MultiTenant Office; 3 Stories & Up:

  • Markets:  DFW, Austin, Houston, San Antonio
  • Budget:    $20M | $2M-7M / Property
  • Vacancy:  25%- 75%
  • Finance:   Cash Purchase

 MODEL:

  1. Buy low priced, high vacancy / partially tenanted Multitenant Office,
    IF 95% rented at current rent would proforma at ~8% CAP
    Must have partial tenancy beyond owner occupant, to establish market rent.
  2. Lease up & Sell

Buyer in expansion mode; grew 2000% in 2 years

Provide the Following Information

  • Address
  • Year Built: ___           Building Total SF       Stories
  • Common Area Factor
  • Vacant             ___ RSF
  • Price $ ___      & NOI
  • Rent Roll        NNN? Expenses
  • Deferred Maintenance?
  • Total Parking Ratio – ___ / 1000 SF         Covered – ___ / 1000 SF
  • Land SF           Is there a clean “Phase I”?
  • In Floodplain or has it flooded?
  • Commission to me: ___%
  • Email as-builts, site plans, etc.

Hugh Resnick | 972.404.0008 | Hugh@Pizel.com
Pizel & Associates Commercial Real Estate
Information obtained from sources believed reliable; however, Pizel & Associates makes no warranties as to accuracy.

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