Investing In Smaller Cities
Can anyone tell me about their experiences investing in smaller cities? I am looking at an office building that, for this city, is quite large. The numbers look good, however the building is half vacant. I am concerned about how realistic it is to find new tenants.
If I purchase it assuming I will offer the space for lease at a discount against market rents does that work as it would in a larger city?
By smaller city I am referring to locations less than 50,000 people and an hour away from anything over 100,000. Any advice or thoughts would be appreciated.
Theres a website to do it all but i lost the address to it, sorry i couldnt be of more assistance
I have found a couple broker that take your site date, and search for match carriers or cell tower companies.
www.cellsitemls.com which seems to be ill right now
http://www.towermaps.com/
cell site location
cellite mls in google.
I have a friend who works with company who does only that i can ask him to contact you.
Is there something inconsistent with your numbers? You indicate $2,400/mo or 292,000/ year net. Which of these is correct?
i have 2 gas stations ring now in chicago,both are great locations,but one of them is in chicago and needs only 40K investment and its good to go and another one in palatine which is you need to build one but its fully approved for gas station and big retail www.store.if you interested.