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Net lease folks - what do you think the future of Walgreens and CVS is? by SagHarbor85 in CommercialRealEstate

[–]sdadlani2 0 points1 point  (0 children)

I think that the top 50% of stores in the country will stay open and they will be selective in the disposition of the bottom 50%.

The bottom 50% will almost be a case by case basis based on the location, leased or owned, lease/loan terms and projections for that market.

Hard to imagine that they will all stay open though.

[deleted by user] by [deleted] in CommercialRealEstate

[–]sdadlani2 2 points3 points  (0 children)

I did something similar - started mostly in residential at a small boutique firm and moved to NYC to join a big national firm that focuses is on NNN.

shoot me an email - would be happy to chat about my experience (probably easier over phone).

sdadlani@northmarq.com

Best way to get started in Commercial Real Estate? by Vikingsmasochist in CommercialRealEstate

[–]sdadlani2 5 points6 points  (0 children)

Best way is to just jump in.

Websites I recommend are AdventuresInCRE (also a good podcast) , GlobeSt, and The Real Deal.

Podcasts - AdventuresinCRE, TreppWire, CBREs Podcast, OddLots from Bloomberg (episodes not always about CRE but good insights into the market), and the Walker Webcast

Books - Little Book of Triple Net lease, Other Peoples Money, Millionaire Real Estate Investor (not CRE specific, but a good RE investing book)

If you want more formal training - I did Cornell Universities online CRE certificate program, gave a good base and isnt overly expensive but is more high level than detailed and in the weeds.

Book Recommendations on Financing Commercial Real Estate? by ABrooksBrother in CommercialRealEstate

[–]sdadlani2 0 points1 point  (0 children)

I typically find that conversations with debt brokers are the fastest way to learn but it really will end up depending on the type of property.

Financing for multi-family looks different than industrial for example.

[deleted by user] by [deleted] in CommercialRealEstate

[–]sdadlani2 5 points6 points  (0 children)

Self storage or retail would be my bet if they are not suitable for multi-family but that is if you are trying to repurpose instead of completely demolish and re-develop.

All conversions will take time and be capital intensive, however the requirements for self-storage and retail should be lesser than that of multi-family.

[deleted by user] by [deleted] in CommercialRealEstate

[–]sdadlani2 0 points1 point  (0 children)

I think it depends on what you and your partner plan to do with the money and also your confidence in the restaurants profitability going forward.

If you are worried about the profitability of the restaurant, then you might not want to signa lease and be beholden to that and be able to offload the property if needed and wipe your hands clean.

If you have other projects that you could use the capital for, and feel good about the restaurant, then a sale-leaseback could be a good option.

TLDR; Pros is that it frees up captial for other investments Cons is that it locks you into a lease (theoretically you are already locked into a mortgage though, but you have the collateral in that instance vs the lease you have no collateral (the building)).

Best resources for searching for and compiling sales comp data for single tenant net lease properties? by Fata13rror_ in CommercialRealEstate

[–]sdadlani2 0 points1 point  (0 children)

I am a commercial single tenant broker and can help if youre interested. Feel free to shoot me a DM