Large Commercial

How to get started in downtown tall commercial buildings? We are in the Tampa Bay area.

Comments(9)

  • AaronSanDiego1st February, 2006

    1. Save your money
    2. find a good building
    3. put money down and buy building
    4. Profit! $$$

  • bargain762nd February, 2006

    Yes, in that order.
    [addsig]

  • johntomp3rd February, 2006

    I have done several single and a couple of multi. There is just not much information out there about the tall building niche, John

  • ashwin3rd February, 2006

    From what I read in newspaper, I think these deals are done through mostly secret offers and negotiations and many a times directly through the leasing agents, who act as brokers too. I read about one sky scrapper in Atlanta where the value was like 150 mil and was bought by a partnership for 48 mil less.

  • zcovey3rd February, 2006

    Commercial King,

    When you say "Find a good enough deal and the money will be available.
    A good enough deal means a 14 or 15% cap rate-- not easy to do but not impossible either."

    Do you think that applies to small time investors that have never owned anything bigger than 4 units?
    If so, what are some of the ways that you have found the financing for deals when you have small amounts of cash and why did it work?

    Thanks

  • johntomp3rd February, 2006

    I was asking how to find the deals. what formulas to work (are they the same basics?). structure the offer. present offer.

    It seems to me that the ultimate investment would be my name on the deed as owner or part owner of the entity that purchased a "skyscraper" John

  • johntomp5th February, 2006

    Wether the area is lacking or not, if the NUMBERS make sense then the deal should work out. Or am I missing somthing? It seems to me that the same formulas would apply, with certain variables applying just to tall buildings. What are the variables? Thank you, John

  • johntomp5th February, 2006

    Are there any books or publications on the skyscraper (or tall building) niche?

  • ashwin6th February, 2006

    Of course it was more then say 10 years back.
    But the point is that just like small properties, skyscrapper properties too have mis-management, wrong calculations, cash flow and evantual foreclosure problems.
    However I wonder wheather, a single person can normally handle these deals. You have to have organizations to prove to the finaciers that you have enough of financial as well as managerial resources to repay the loans you are getting.

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