@CaseyMericle Are your sellers typically mom n pops or more sophisticated owners? I'm sure it takes many attempts for someone to even understand your offer
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Robert Velez
9.8K posts
Robert Velez
@MultifamilyRob
Brokering large CRE deals, buying the crumbs, lifting weights and family 🤩 DM if you want to sell your investment property
Bethlehem, PA Katılım Temmuz 2014
593 Takip Edilen6K Takipçiler
Here’s another idea on how you could do this deal
@MultifamilyRob
StripMallGuy@realEstateTrent
Ok let’s dig in: Let’s stay it’s 145 a foot and really the average rent once stabilized is $15 a foot. Say it costs you around $30 a foot in TI, deferred maintenance, capital improvements, etc - so you are in it for $175/foot, and stabilize at an 8.5%. You’re also spending time and effort on it, and it takes a couple years. Not really any money to be made here on a deal this small, assuming the exit is somewhere around 7.5%. Just doing very rough math very quickly.
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I can't let the king of strip malls shut down my deal that easy 🙂 Might not work for him but it could work for your portfolio!
This assume the whole center is a re-haul.
Sherwin, Dominos, USPS and laundromat won't require any TI and no reason to rock the boat too much. Leaves the buyer w only 7k sqft (end cap) to re-lease so all in at $154/ft ($3.7M)
Potentially worth $4.8M+ after execution
StripMallGuy@realEstateTrent
Ok let’s dig in: Let’s stay it’s 145 a foot and really the average rent once stabilized is $15 a foot. Say it costs you around $30 a foot in TI, deferred maintenance, capital improvements, etc - so you are in it for $175/foot, and stabilize at an 8.5%. You’re also spending time and effort on it, and it takes a couple years. Not really any money to be made here on a deal this small, assuming the exit is somewhere around 7.5%. Just doing very rough math very quickly.
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@MultifamilyRob Don is a fucking prick with a lisp
Don’t listen to him
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I just bought a multifamily property at a 5 cap rate.
It’s doesn’t matter what the going in cap rate is.
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For sure but we have 20+ years of renewals with Sherwin and USPS with no TI.
Laundry just invested 300k into their space
Daycare (2nd largest tenant) invested $100k into their space, full commercial kitchen. Itching to resign before new LL comes in
Dominos 7 years left
Bank is a wild card bc they just merged but only 1800 sqft
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@MultifamilyRob Tenants ask for TIs on renewals all the time.
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@gmovestr @CREMattSD What’s the best thing to do in Bucks county?
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@CREMattSD @MultifamilyRob PA Posse bro 💪
Not trying to dox ya, but where in PA?
Imma Bucks County Native.
Bailed right out of H.S. myself (but never forgot where I came from!)
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I have an awesome strip mall for sale in the Poconos. Only 3.5M!
Sherwin Williams, USPS, Domino’s, a credit union and few mom n pops!
16k cars per day
Clean environmental Dec 2025
All mom n pops are 3+ store operators (except the month to month end cap)
Our rents avg $12/ft gross. market is $16/ft NNN. Kick out mtm end cap and get another national
Sheetz is being built right next door
Public utilities
Not only below replacement cost but impossible to build today with its 100% impervious coverage.
DM for more details!
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@MultifamilyRob How do people make money long term on strip malls. I would love to learn!
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@REExchangor probably not but I won't say no for them if you want to send me the info I'll forward
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@MultifamilyRob We can send the rent to Monroe County and then to him?
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@REExchangor He would be all over it if it's in Monroe County, PA
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@mmni99inc @cajhomes I can't pay them but buyer and seller can negotiate something
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@MultifamilyRob @cajhomes What a mess can you pay them to sign that 🤔 it ain't the old days when we could just lean on someone I guess
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Why is it to hard to get an EMD from a buyer who's in clear breach of their contract?
The lis pendens threats start coming immediately.. We've even taken it to court and lost
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@CXCarroll Yes. Tenant just invested $300k into the space. Tenant also owns the laundromat south of the center; and another 4 locations
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@MultifamilyRob Am I missing something on the map? There's a laundromat in the strip center and there's also a laundromat just to the south? Or is that a Caribbean restaurant in a former laundromat?
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@realEstateTrent Multiple offers well into the 3’s just looking for the best terms. I do Appreciate your insights!
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@MultifamilyRob Haha no. It’s not a value add deal or stabilized - so buyer pool smaller. They’re out there! Also - without knowing too much about it, if it’s been sitting then likely seller expectations out of whack 🙏
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@realEstateTrent So my headline should be “Calling all 1031 Exchange Buyers!” 🙃
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Let’s stay it’s 145 a foot and really the average rent once stabilized is $15 a foot. Say it costs you around $30 a foot in TI, deferred maintenance, capital improvements, etc - so you are in it for $175/foot, and stabilize at an 8.5%. You’re also spending time and effort on it, and it takes a couple years. Not really any money to be made here on a deal this small, assuming the exit is somewhere around 7.5%. Just doing very rough math very quickly.
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@jaxpiperllc @realEstateTrent Definitely went in his inbox first haha
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@MultifamilyRob Nice! The most important detail is the price per foot. How big is the building?
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@blake_hagz @TripleNetTyler Would love to do a deal together!
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@MultifamilyRob @TripleNetTyler might have a buyer!!!
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