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What to look for when purchasing a commercial place/space


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#1 ovovov

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Posted 01 April 2020 - 12:23 PM

Hi Marko and other experts

 

I have accumulated some capital and want to expend my investment in commercial space in Victoria.

 

any insights that I should be looking at before put up a offer?

 

Thank you

 

 

IL

 

 

 

 



#2 29er Radio

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Posted 01 April 2020 - 12:51 PM

will you be using it yourself or will it be a strictly investment property?


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#3 spanky123

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Posted 01 April 2020 - 01:12 PM

I would think that you would be better off with industrial  or warehouse space at this point as retail / office may be weak for some time.



#4 ovovov

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Posted 01 April 2020 - 02:32 PM

will you be using it yourself or will it be a strictly investment property?

 

I am not using it myself anytime soon. Hoping for long term investment/holding



#5 MarkoJ

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Posted 01 April 2020 - 03:27 PM

Doesn't sound like you know what you are looking for so difficult to answer any questions.

Perhaps consult a commercial realtor.

Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2019 | Fair Realty

www.MarkoJuras.com - MLS® from $899 and $1,000 cash back for buyers | www.834sales.com & www.promontoryforsale.com - Building(s) specialist 

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#6 Mike K.

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Posted 01 April 2020 - 06:41 PM

Commercial realtor for sure. It’s a different market entirely.

Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.


#7 29er Radio

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Posted 02 April 2020 - 10:31 AM

If we can direct message here I could provide a 5 min call to walk you through the basics and you can decide if investing in commercial  is for you


Eric Bramble - http://www.29erradio.com
The Growler Hour
Lisa, Gene & Eric Show

#8 ovovov

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Posted 01 May 2020 - 11:32 AM

Doesn't sound like you know what you are looking for so difficult to answer any questions.

Perhaps consult a commercial realtor.

 

 

I am not looking for apartment blocks, commercial malls, but specifically small office or warehouse.

 

I wonder with everything else is going on, what cap rate would be reasonable to look at ?

 

Yes I can talk to a commercial realtor, I prefer to leave the discussion open here so is value for all of us.



 



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