Commercial Real Estate comes in many forms. Basically, it is anything that is not residential, but sometimes the line is blurred. For example, mixed use properties have stores on the ground level and residential units above, but are still commercial real estate.
The term includes office buildings, banks, shopping malls, strip malls, or combinations of all these. In general, it excludes single user properties such as gas stations. These properties are business properties. The lenders for commercial properties want you to receive income from several, or better yet, many tenants.
The Advantages of Commercial Real Estate
Commercial real estate is usually only occupied during business hours. Consequently, there is less wear and tear on the property. Tenants will usually have good financial statements to guarantee their rents. Commercial buildings are cleaned regularly by cleaning services, which also helps keep the buildings in top notch condition.
Many people think commercial property is just for the “big boys”, but many are owned by “mom and pop” investors. So, don’t be shy if the idea of owning commercial appeals to you. You may find that management can be easier than other properties. For example, you likely will not have tenants repairing their cars in your parking lot.
Contact us if you would like step up to commercial property. We may have something in our portfolio that will fit your needs.
Of course, the reverse is true as well, if you want to sell your commercial real estate, contact us and we will make you an offer.
*Please note, we love Realtors but we are not Realtors. Some members of our family may have a real estate license, but all properties we buy or sell are transacted as principals. As such, we are not looking for listings. We do not want to be your agent and will make full disclosure in our purchase and sale contract. . Also, this is not a lead generation site. All responses go only to our own servers and are not shared with anyone.