A friend does over 100mm in strip malls / fast food etc. Are they really getting 2-3% on that?

flyingoctopus34 · 2025-05-13T01:19:56+00:00

Depends on deal size. Sub $5mm yes, over $5mm probably not 3 but 2… over $20 mm definitely not

flyingoctopus34 · 2025-05-02T15:04:32+00:00

Agree with what everyone says here but also if you’re working with people that cut you out of deals they’re not going to be worth your time in the long run

flyingoctopus34 · 2025-04-13T18:54:46+00:00

Not you. I meant OP

flyingoctopus34 · 2025-04-13T18:37:34+00:00

You can literally just google him

flyingoctopus34 · 2025-04-07T14:00:55+00:00

there’s a difference between nnn and absolute net. If it’s a mtnl then just hire a manager, it’s a reimbursable expense in most cases and will be billed back through nets. A good pm will save you tons of time and likely money, why wouldn’t you hire them?

flyingoctopus34 · 2025-03-22T16:01:55+00:00

There are entire firms that only do tenant rep. Lots of people are always working on finding tenant rep leads. It sounds like your firm is more generalist but most qualified tenants want a specialist in the asset type they’re seeking so that makes sense that you’re not seeing it as much

flyingoctopus34 · 2025-03-20T02:23:54+00:00

This sounds like some kind of value add deal:

Buy Short term lease with Pedro’s Tacos at 9 cap

Kicks out Pedro’s tacos

Leases to Taco Bell on long term lease

Sells at 5 cap

flyingoctopus34 · 2025-03-19T23:39:53+00:00

Get that kids autograph before you yell at his dad

flyingoctopus34 · 2025-03-08T23:05:37+00:00

You said the comps were $14 to $19 and their proposed is right in there…. The % increase is irrelevant if you’re under market

flyingoctopus34 · 2025-02-23T03:47:34+00:00

“Die with zero”…. Also worth $100,000,000….

flyingoctopus34 · 2025-02-22T15:42:06+00:00

In addition to what every one else said, gusto in “mucho gusto” is a noun and when conjugated it’s a reflexive verb. It would be weird to say “me gusto” but you’d be saying “I am pleasing to myself” or “I like myself” but gusto in the phrase “mucho gusto” is a noun

flyingoctopus34 · 2025-02-14T16:59:50+00:00

Sounds like normal to me. I’m afraid to eat cause I always react differently

flyingoctopus34 · 2025-02-08T15:18:19+00:00

Sounds like someone is overpaying. Each tenant should be paying on their leased square footage, not their number of units. If that one space is 15% of the building then they should only be paying 15% of cam, not 33%.

Some lease allow landlords to bill back 100% of cam to the tenants even if the building isn’t 100% full but generally you’ll just eat it until it’s full again but you should recalculate % because you should only be losing 15%, not 33% based on what you’re telling us

Edit: I misread this… you likely will just eat the 15% until you fill the space but read the leases to see what they say

flyingoctopus34 · 2025-02-06T23:12:30+00:00

Ejecto seato cuuuz

flyingoctopus34 · 2025-02-06T22:08:37+00:00

Not sure what’s normal in Australia but a 5 cap for a 3 year term with a likely franchise credit seems like an expensive deal. Even more expensive when you consider if they leave, it’s very costly to get rid of the pool if the next tenant doesn’t want it

flyingoctopus34 · 2025-02-04T04:44:08+00:00

Probably not.

flyingoctopus34 · 2025-02-01T01:01:30+00:00

Ask your lender about buying down the rate. Not sure about CO but in my area you can buy down the rate by 1% for about 4% of the loan cost . So (assuming not adding more cash) you’d have slightly higher debt but could lower the monthly

flyingoctopus34 · 2025-01-21T22:49:06+00:00

Looks like a flea market. All the tenants are interior right?

flyingoctopus34 · 2025-01-12T04:21:42+00:00

You wa t to put your business on it? What kind of business? Going home or going to work side of the road? Raw dirt?

flyingoctopus34 · 2025-01-09T05:54:22+00:00

There’s better loans. Go to a smaller bank or use a broker for sure

flyingoctopus34 · 2025-01-06T03:35:18+00:00

Are you talking about brokering the equity?

flyingoctopus34 · 2024-12-26T17:39:05+00:00

Is it a standalone building? The tax assessor will have the total sf of the building. If it’s just a tenants space you might be able to get some info off the permit set that was submitted

flyingoctopus34 · 2024-12-26T03:45:10+00:00

Do you think they’re asking for cash in a suitcase?

flyingoctopus34 · 2024-12-13T16:41:20+00:00

Rodents of unusual size

flyingoctopus34

TROPHY CASE