If you’re looking to expand your investment portfolio, you may be interested in the realm of commercial real estate. When considering a commercial listing, you want to make sure you know what to look for. That’s why it’s imperative to have a professional commercial real estate agent to help you find the right property and avoid mistakes with your investment. Here are some thoughts to keep in mind:
- Buying in the Right Location.
This seems like a no-brainer, but this point is a great example of why you want to work with a commercial real estate professional. Just because a property isn’t in the best part of town, it doesn’t mean it is a bad investment choice. The opposite is also true. If a commercial listing is available in a prestigious part of town, that doesn’t necessarily make it a great investment. There are many factors to consider. A commercial real estate professional will guide you through this process.
- The Right Business as a Tenant.
There are few things more important than having the right tenant mix in a commercial property. Whether you are looking at a retail location or an office building, you want to ensure that your tenants are reliable and viable. Working with someone who knows the ropes can help you make the best decision regarding the tenants for your space.
- Time to Expand?
If you take over a property that currently has tenants, do you have the option of making the property larger? More square footage equals more income, after all. However, there are costs involved in construction, so how do you know if it would be profitable? That’s right, a commercial real estate professional.
If it hasn’t already been abundantly clear, the message we want to convey is that delving into the commercial real estate investment business requires working with a professional. Going it on your own can lead to inadvertent mistakes that may not lead to the profitability you desire. At the Menlo Group, we work every day with buyers, sellers and lenders of commercial real estate. This is our business, and we have helped many make sound business decisions for their investments. Are you interested in commercial real estate or thinking about expanding your current business? Give us a call at 480-659-1777. We look forward to helping you, too.