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Learn How To Make The Best Choices For Commercial Real Estate

Commercial property is similar to a double-edged sword. Although you can make a lot from it, it is also possible to lose money a lot of money, also. Selecting your property carefully and choosing financing that is trustworthy is key. Read on to find some ideas to help you make sound decisions when it comes to property purchases.

Negotiate, whether you are the buyer or the seller. Let people know what you want and make sure you are asking for a realistic price.

A good starting point for people looking to purchase real estate is to go online and scour the treasure trove of beneficial information that can help new investors, as well as seasoned professionals. You can’t be too informed about the subject, so try to always be seeking out new sources of knowledge.

One of the most critical considerations for valuing a commercial property is its physical location. Think about the neighborhood your property is located in. Also, keep growth in mind. You want to make sure that in 5 or 10 years down the road, the area is still a descent and growing area.

When you are picking a broker, make sure you know if they are experienced within the commercial real estate market. Verify they have experience in working with the type of properties you are interested in. Entering into an exclusive contract with that particular broker is a good idea.

Make sure that you know and understand what “NOI” (Net Operating Income) is. In order to be successful, the resulting number must be positive.

When having your real estate inspected (as you should), always ask for the qualifications of the inspectors. There are more than a few people working in without certification in the pest removal and insect fields, so make especially certain to ask for proof of certification from them. This can keep you from having bigger headaches after the sale.

Check a commercial property for access to electricity and other utilities; make sure there is good access. The utilities you will need for your business go beyond electricity; you will also need water, sewer and gas, as well.

Consider what youR actual goals are before you begin to invest in commercial real estate. Make a list of the property features most important for you, such as square footage, number of offices, conference rooms, and restrooms.

There are a variety of types of real estate brokers who deal in commercial properties. There are agents who only represent tenants and there are full-service brokers who work with both tenants and landlords. You may benefit significantly better from hiring the services of a broker working with tenants exclusively, as he has significantly more experience representing tenants successfully.

Do not approach commercial estate as an easy way to make money. You will be successful if you invest money, time and efforts. Yet even with all of these things, you may not come out ahead.

Confused About Commercial Real Estate? These Tips Can Help!

Unless you are aware of where to look, finding the best kind of commercial property on which to begin a business can be tricky. Read on for ideas and suggestions that will help you.

Negotiating is essential. You should make sure that they hear you and you get the fairest price for your property.

In order to learn more about the commercial real estate market, find a website that caters to investors of different skill levels. No one can ever honestly claim that they know too much.

Compared with buying a home, purchasing commercial real estate requires more time, money and paperwork. However, all of this is required because it facilitates higher returns on your investments.

You might have to spend a lot of time on your investment at first. Not only will you have to search out the right property, you’ll likely have to make repairs or renovations to it after the purchase. Don’t throw in the towel because the process is taking too long to complete. Your rewards are down the road, and they are worth it.

Make sure that the broker you decide to work with has experience in the commercial market. Look for someone who knows the area you are interested in. With that broker, you also want to enter into exclusive agreements.

NOI, also known as Net Operating Income, is a crucial metric to understand in the world of commercial real estate dealings. In order to be successful, the resulting number must be positive.

Learn to set realistic prices by observing the market. Market conditions can vary greatly; therefore, an appraisal may not be the best indicator of true market value.

If you are purchasing commercial real estate for rental purposes, look for structures that are uncomplicated and sturdily built. Tenants will be attracted to these spots because they are maintained well. In addition, these properties are low maintenance because they don’t frequently need repairs, a benefit to the owners, as well as the tenants.

When considering a piece of property, you must pay close attention to the surrounding area. You want to try to purchase commercial property in a neighborhood that is affluent so that you know your clientele are a little bit more well off and can spend more. If your business is a bit more shady, like a rent-to-own store, payday loan outlet, or pawn shop, it’s better to locate in a poor neighborhood.

If you are negotiating a commercial lease, make sure nothing can be considered as events of default. This can decrease the chances of tenants defaulting on that lease. You definitely don’t want this to occur.

Take tours of the properties that are potential purchases. When looking at a property that you are thinking of purchasing, it’s a good idea to have a licensed contractor accompany you. Start the negotiations, and make the necessary preliminary proposals. Before you choose, make sure you look over your offers a few times.

When you are composing a letter of intent, you should emphasize simplicity by negotiating on the bigger issues first, then addressing the minor issues later in the negotiations. This will make negotiations less tense and make gaining agreement on the smaller issues easier to complete.

Commercial real estate has many brokers to offer. A full service broker works with both the tenants and the landlord. Some agents represent only the tenants. Brokers who work only with tenants have more experience with representing them well.

Commercial Real Estate

Consider any tax benefits you’ll receive through a commercial real estate investment. Depreciation benefits and interest reductions are given to investors in commercial real estate. “Phantom income” is a taxed income, but not income received as cash. It is important to know about this kind of income prior to investing.

Consult with your tax adviser prior to purchasing any property. The tax lawyer will help you find out how much it will cost you and how much you will be taxed. By adopting the adviser’s counsel and expanding your search, you can find an area for expansion and building that will not endanger your current tax liability.

Hopefully, the article you have just read provides you with many helpful tips and useful advice for your purchase or sale in commercial real estate. Take advantage of what you’ve learned, and continue to inform yourself about the commercial real estate market.

You Can Sell Your Commercial Property Quickly And Easily

A lot of people have found success and profit by being involved with commercial real estate. However, there is no surefire plan for replicating this success. You will need a working knowledge about real estate, a good work ethic, and some experience. Read on for some advice about how to be successful in the field of commercial real estate.

Pest Control

Pest control is a very important issue that you need to be aware of when renting or leasing. It is even more important to look into the building’s pest control policies if you are looking to rent or lease in a region where building pests are common.

Location is a very important part of commercial real estate. Think about the type of neighborhood the property is in. Consider how this area is growing in comparison with similar areas in the region. This research will help you figure out how the neighborhood you’re considering buying commercial property in is likely to grow and change over the next several years. If you aren’t comfortable with the potential growth rate or the atmosphere of the neighborhood, purchase property elsewhere.

Take note that commercial transactions take more time, they are complex and they take more involvement than home purchases are. If you want things made easier, you might want to change what you’re getting yourself into. Yet the greater the risk and time, the greater the profit, so take this into consideration when you think about the type of investments you want to make in the future.

Unit Building

If you are hesitating between different properties, buy the larger of the two. Getting the financing you need is going to be complicated whether you choose a five-unit building or a fifty-unit building. This works in the same way as buying bulk items from Costco. You buy large numbers of items to pay less per item.

If inspections are included in your real estate transaction, as they usually are, make a request to see the inspectors’ credentials. Pest removal companies should be closely checked because many non-professionals do this work. This helps avoid major post-sale problems.

For a commercial property you plan to rent out, make sure it is a solid construction with a simple design. These buildings give off an appearance of being well-maintained and are more inviting to potential tenants. Since these properties probably do not need many repairs, they will require less maintenance from the owner and tenants.

Have property professionally inspected before you decide to put it up for sale. If they flag issues that need to be fixed, repair them before you list the property for sale.

Advertise the commercial property to both locals and non-locals. Many people only think locals will buy their property, and that’s a mistake. Private investors will purchase properties outside of their area if the prices are low enough.

Do a walk-through and close evaluation of each property you are considering. It’s a good idea to hire a building contractor to come with you and do on-the-spot inspections of properties you are considering. Make preliminary proposals to break the ice and open negotiations. Judge the counteroffers prior to making a decision either way.

If you know how to go about it, you can find success with commercial real estate. Keep the tips in this article handy in order to effectively apply them to the work your business does. Continue to educate yourself about the industry, and learn about ways to improve. The more experience you gain, the more likely you will become successful.

Some Helpful Advice About The Commercial Real Estate Market

Now that you think you are ready to dive into the world of commercial real estate, it is important to open your mind to everything it takes to be a success. It’s more than likely that you have plenty of questions about how to start, where to find the best deals, and other important issues. However, don’t fear; the following article is going to answer all of those questions for you. This article contains helpful advice that will start you on your way in seeking your commercial property.

Regardless of which side of the negotiations you’re on, learn to haggle. Both the buyer and seller should attempt to negotiate a fair price rather than accepting the other’s first offer. Be sure that your voice is heard so that you can get yourself a fair price on the property you are dealing with.

Pest control is something you should look into when renting or leasing a property. Look over your rental or lease agreement, and know if you are covered, especially if you live in an area with known infestations.

At first, you may be required to spend a significant amount of time on a commercial investment. Finding a good opportunity, going through the transaction and making any necessary repairs to the property takes time. Don’t give up just because this is a lengthy process that gobbles up large portions of your time. You will reap the rewards of all your hard work.

When deciding between two viable commercial properties, it is best to think on a larger scale. Whether it be a twenty or ten unit apartment complex, you want to get adequate financing to back you up. In effect, this is similar to an economy of scale, or also like purchasing more of an item to save money.

You should learn how to calculate the (NOI) Net Operating Income of your commercial property. Having positive numbers is the only way to ensure success.

If you desire commercial property for rental purposes, locate buildings that are simply yet solidly constructed. These types of buildings attract tenants more quickly than other buildings, as prospective tenants know that the building is less likely to have maintenance issues. Buildings like these are also easier to maintain, for both owners and tenants, since repairs are going to be required less frequently.

Try to keep your properties occupied. You are responsible for the expenses associated with keeping your unoccupied spaces updated and maintained. If you have multiple unoccupied properties, try to determine the reasons why, and rectify the problems that are keeping tenants from renting the spaces.

Commercial Real Estate

Hopefully, you are now well prepared to achieve your goals in commercial real estate. If you though you were prepared before, take a look now! Armed with this new information, hopefully you are ready to go out and start a successful journey in the commercial real estate market.

Getting Started With Commercial Real Estate

Investing in commercial real estate can be stressful and overwhelming for beginners and experienced professionals alike. In the following article, you are going to be provided with information that is meant to help ease some of the stress you may feel from your commercial real estate venture.

Regardless of whether you are buying or selling the property, it is in your best interest to negotiate. Be certain your needs are met, your concerns are heard, and you champion a fair, honest price for the real estate.

When choosing between two different types of commercial properties, it’s best to look at things on a bigger scale. Whether it be a twenty or ten unit apartment complex, you want to get adequate financing to back you up. This works in the same way as buying bulk items from Costco. You buy large numbers of items to pay less per item.

Ask any potential broker about what experience they have had with commercial property before choosing someone to represent your interests. Make sure they have their own expertise in the area of your curiosity or it could be an endeavor wasted. Once you find the broker you want to use, sign an exclusive agreement.

Learn to understand the commercial real estate metric called Net Operating Income (NOI). To maximize your success, keep your numbers in the positive values.

Commercial Property

Try to keep your commercial property rentals at full occupancy. Maintenance and upkeep costs for commercial property can be substantial and rental income is essential for paying those costs. If you have more than one empty property, think about why that may be, and consider what you may be doing to drive tenants away.

Make sure the property you are interested in has access to utilities. Look for access to water, electricity, gas an a sewer or anything specific to what you intend to use this property for.

Always have an inspector look over your commercial property before you put it out on the market. Have any issue that the inspector finds repaired right away.

Conduct tours of potential properties. It may be a good idea to take a professional contractor with you when you check out properties you are interested in purchasing. Submit a first offer and solicit counteroffers. Prior to making any final decision, you should thoroughly go over the counteroffers you have received.

Have an understanding on what exactly it is you are looking for when it comes to commercial real estate. Draw up a list of specific attributes your office space must have, including size, number of meeting rooms, and available bathrooms.

Real estate brokers for commercial properties have different areas of expertise. There are agents who only represent tenants and there are full-service brokers who work with both tenants and landlords. You may be helped much more with a broker who just works with the tenant, as that person most likely has more experience in handling tenants successfully.

In a commercial loan, the borrower must order the appraisal. Banks will not allow them to be used later. Do the right thing and order it yourself.

Even the most advanced commercial property hunter can be challenged when looking for a new investment. This article contains some tips that will help to make the hunt less stressful, and more enjoyable and lucrative.

Check This Info Before Buying Commercial Property

Getting involved in commercial real estate can overwhelm and stress out beginners and veterans alike. By researching and reading this article, it will allow you to feel less stress associated with the commercial real estate journey.

Be sure to negotiate on the fact of what you are, the seller or buyer. Be certain your needs are met, your concerns are heard, and you champion a fair, honest price for the real estate.

Take photos with a digital camera. The picture needs to show defects like carpet spots, wall holes, or discolored sinks and tubs.

Real Estate

Take the time to be certain you are satisfied with a piece of real estate before you purchase it. Don’t invest in a hurry. You might regret it if you are not satisfied with your real estate goals. Be patient, as it could take as long as a year for just the right investment property to turn up.

Consider visiting websites that contain a wealth of information beneficial to new and seasoned commercial real estate investors alike. There is no such thing as having too much knowledge, so it is always a good idea to learn as much as you can.

If you are trying to choose between two good commercial properties, think big. Getting the proper financing is going to the same hassle for a retail building with ten outlets as it would be for a retail property with twenty or even thirty units. Generally, it’s like buying in bulk. As the number of units purchased goes up, the cost per until will go down.

Do not hire a broker without finding out more about their past experience within commercial property. Make certain that they have experience and expertise in the community you are dealing in. You and this broker should enter into an agreement that is exclusive.

If you are planning to rent your commercial properties once you purchase them, opt for solidly constructed buildings that are simple in their design. These are the most likely to quickly invite tenants into the space, because they know it is well-cared for. They are also easier to keep in good repair and require less repairs, which will save you and your tenants money over time.

When considering a piece of property, you must pay close attention to the surrounding area. Purchasing in an affluent area may help your business to be more successful, since the potential clients may have deeper pockets. If your product or service tends to appeal primarily to lower or middle class consumers, look for commercial property in a more conservative neighborhood.

Take tours of the properties that are potential purchases. Think about taking a contractor that’s a professional with you while you check out different properties. Start the negotiations, and make the necessary preliminary proposals. Consider counteroffers carefully prior to responding.

The new space you purchase might need some upgrades and repairs prior to occupation. It may simply be cosmetic issues that need addressing, such as a fresh coat of paint or some furniture rearrangement. The renovation project can get larger and could consist of knocking down, moving or building walls to make the floor plan usable. Before buying the property, see if you can get the former owner to pay for some of these costs. If you’re renting, the landlord might chip in.

Commercial real estate has many brokers to offer. Some brokers or agents only work with tenants, while others will serve both tenants and landlords. It might be most beneficial for you to hire a broker who works exclusively with tenants. A broker with that focus will be more experienced in successful dealings with tenants.

Finding and buying a commercial property can be a hassle no matter how many times someone has done it before. However, the advice you were given in this article should help you make that process easier and more enjoyable.

Tips And Advice About The Commercial Real Estate Market

There are both positive and negative aspects of commercial real estate. There is a lot of money that can be made; but, if you are not careful, there is also a lot of money you can lose. Choose the property you want to purchase wisely and how to obtain funds to do it. Read this article to learn more about this complex decision making process.

Whether buying or selling, negotiate. Be certain your needs are met, your concerns are heard, and you champion a fair, honest price for the real estate.

Look at the neighborhood you’re thinking about investing into, you want to check things like unemployments rates, income levels, and different rates of expansion so that you have an idea of where the neighborhood stands, and what potential it has in the future. Having a house located near a hospital, business sector, university or other school will greatly increase your home’s value, and provide you with a better chance for quickly selling it.

Take some digital photos of your property. Ensure that the photos document any problems, including mold, damaged walls, or chipped fixtures.

Make sure you always remain cool, calm, and collected when you begin to look for commercial real estate. Do not rush into investments, or make decisions impulsively. If the property turns out to be wrong for you, you will regret your decision. Realistically, it can take upwards of a year to find the right investment in your local market.

Pest Control

Bugs and rodents are always looking to ruin your property, so factor pest control into your business strategy when renting commercial property. It is even more important to look into the building’s pest control policies if you are looking to rent or lease in a region where building pests are common.

Purchasing commercial real estate is a much more lengthy and complicated process than that of buying a home. Although commercial property purchases take longer you will normally receive a higher return on the investment.

If you are trying to choose between two desirable commercial purchases, the larger one may be the better choice. Getting adequate financing is very important in undertaking an investment that pertains to a ten or twenty unit apartment complex. By choosing a larger piece of commercial property, you will be getting a better rate per unit, giving you the best potential for success.

Strive to keep your commercial properties occupied at all times if you choose to rent them to tenants. If you’ve got open spaces, then the person will end up paying for maintenance and upkeep. If you discover that you have multiple properties that are unoccupied, you should attempt to ascertain the underlying reason. Further action may be required on your part to avoid scaring off potential tenants.

Commercial Real Estate

You should carefully consider the neighborhood in which you purchase commercial real estate. Affluent neighborhoods tend to have residents with larger budgets, making a commercial real estate property in such an area is a great choice. If your product or service tends to appeal primarily to lower or middle class consumers, look for commercial property in a more conservative neighborhood.

Take tours of the properties that are potential purchases. You should consider asking an experienced professional to come with you and examine the properties you have an interest in. Make preliminary proposals to break the ice and open negotiations. Carefully look over any counteroffers you receive before you make your final choice, whatever that may be.

Again, commercial real estate investment isn’t a get-rich-quick scheme. You will need to play a very active role, devote time and make a sizable investment, at the beginning, to bring about the results you’re seeking. There’s no guarantee of success, either; you can do everything correctly and still lose money.

Having A Great Commercial Real Estate Agent Is Critical To Your Purchase

A lot of people have achieved success in the commercial real estate market. Contrary to popular belief, there isn’t a magic formula for success. It takes a combination of factors, including experience, work, and a broad knowledge of how the industry operates. Read the advice provided in this article to find out how you can be successful with commercial real estate.

Never be afraid to negotiate, no matter which side of the table you are on. Ensure that your opinion is known, and wrangle for the best price you can get on the property.

You should take numerous, high-quality photographs of the property. Make sure your pictures clearly show any damage or defects, including carpet stains, holes in the walls or discoloration of plumbing and counter tops.

Commercial transactions are more complex, involved, and time-consuming than actually buying a home. The added time and effort are crucial, however, to getting the return that you want on your investment.

Remember that buying a commercial property and everything that goes along with it can take a lot of time. It will take time to find a lucrative opportunity, and after purchasing a property, it may need repairs or remodeling. Do not cut corners on this process, just because it might take up a lot of time. The rewards will show themselves later.

If inspections are part of the deal on your real estate, be sure to check all the credentials of the hired inspectors. There are many non-accredited people who work in such fields as insect removal. Seeking out professionals with proper accreditation will be worth it in the long run.

If your plan is to use your commercial properties as rental properties, you should seek buildings of solid and simple construction. These are the most likely to quickly invite tenants into the space, because they know it is well-cared for. Since these properties probably do not need many repairs, they will require less maintenance from the owner and tenants.

You also want to take into consideration the neighborhood that your real estate is in when you purchase commercially. If you are looking in a high-rent neighborhood, you may have a better chance at success once you get going because of the potential of area residents to have money to spend. However, if your products or services cater more to those with less funding, consider a location in a neighborhood that fits your potential clientele.

If you want to sell a property, advertise it locally and on a wider level too. Don’t be mistaken by the thought that locals will be the only people interested in your sale. There are many private investors who would purchase property outside of their local area if the price is right.

Take a tour of any property that you are interested in. Think about having a contractor as a companion to help evaluate the property. Begin negotiating and the process of offers and counter offers. Take your time and really explore your offers before you decide to buy or pass.

When writing up a letter of intent, make sure to keep your offer simple and straightforward, focusing on the bigger issues at first and then figuring out those pesky, little details later. It will be less stressful to negotiate and can also make it easier to come to terms on the smaller things as well.

As long as you are willing to put forth the effort, it is possible to become very successful in the industry. Keep the tips in this article handy in order to effectively apply them to the work your business does. Always continue learning about commercial real estate and finding new ways to improve your business. By being more experienced, you will ultimately become more successful.

Commercial Real Estate Tips, Tricks And Advice

Commercial property investment has good profit potential, but patience and learning are required. The advice in the following article will help you find success through an investment in commercial real estate, as many others have before you.

You should negotiate if you are the seller or the buyer. Ensure that your voice is heard, and that you are offering-or receiving-a price that is fair for both parties.

Do some research on the internet to learn more about real estate and investing, whether you have a lot of experience already or are completely green on the matter. No one can ever honestly claim that they know too much.

Learn about Net Operating Income, or NOI, a metric in commercial real estate. You need to keep your numbers positive if you are going to be successful.

If you are purchasing commercial real estate for rental purposes, look for structures that are uncomplicated and sturdily built. Tenants will be eager to fill these spaces because it will be clear that they are well-maintained. Tenants will also have to deal with maintenance issues less often, which means they have more time go about their business.

Make sure that the commercial property has access to all utilities needed. You’ll need to have quick access to water, electricity, gas and the sewer.

Try to decrease potential events of defaults before negotiating a lease. So a tenant can’t default on a lease they sign with you in this type of situation. This is in your best interest.

Take a tour of any property that you are interested in. When looking at a property that you are thinking of purchasing, it’s a good idea to have a licensed contractor accompany you. Make the preliminary proposals, and open the negotiating table. Don’t decide on anything without careful consideration.

Get a site checklist if you are viewing more than one property. Collect responses from everyone that offers one, but inform the property owners before you do anything else. Don’t be afraid to casually tell the owners that you are looking at other properties, too. You might score a more reasonable deal that way.

You should have a necessary-to-know list, and emergency maintenance must always have a place on that list. Make sure to consult your landlord about emergency repair responsibilities in your building or office. Know what the phone numbers are, and know what the response time is for them. Your landlord should be able to provide you a list of emergency contacts so that you can map out a safe and well organized emergency plan, in case an emergency happens during normal business hours.

You can find different kinds of brokers. Some agents represent tenants only, while brokers work alongside tenants and landlords alike. If you intend to rent rather than buy, retaining the services of the latter type of broker may benefit you, as tenant-only brokers know what works when representing tenants.

If the agent you are thinking of hiring for your commercial real estate transaction gives you any disclosure forms, make sure you read them carefully. Watch for possible dual agency. What this means is that your chosen agency has an interest in buying and selling the property. This means that the agent is representing the interests of the lessor and lessee simultaneously. Both parties need to clearly understand that the transaction is being handled by a dual agent and consent to this fact.

When you are a new investor, it is best to focus on one type of investment at a time. Pick out just one type of property to begin with and then give it all you’ve got. By concentrating solely on one type of investment, you can do your best instead of just being average.

Commercial Real Estate

If you plan on investing in commercial real estate, you should consider the tax benefits you will receive. For example, commercial real estate investments garner you deductions for interest on top of your benefits for depreciation. However, sometimes an investor can receive taxed income that is not taken as cash, otherwise known as “phantom income”. Try to understand this before you invest.

By reading and applying the tips above, you can begin wisely investing in real estate. By following the advice in this article, you too can enjoy the rewards and exciting opportunities available in commercial real estate.

The Smartest Tips In Commercial Real Estate

Being a commercial property owner is exciting, however, it can also be quite an undertaking when trying to manage the property. You may be wondering where to start. It can be difficult to learn necessary in order to succeed in commercial real estate. This article is designed to help people such as yourself. It provides valuable advice on a wide range of topics related to commercial real estate.

If you’re a buyer or if you’re a seller, it’s important that you negotiate. Protect your interests by standing up for yourself regardless of who is on the other side of the table. Negotiate a fair price rather than accepting one that is too high or too low.

Use a digital camera to document the conditions. Include all the defects in the photo, such as carpet stains, or holes in the walls.

Calm and patience are both sound practices when you are searching for commercial property. Never rush into an investment. You might regret it if that property is not right for you. It may take more than a year to get the right investment in the real estate market.

Pest Control

If you are looking to lease or rent, the issue of pest control is a critical one to address. If you are renting a space that has known vermin problems, be sure to find out exactly who is responsible for pest control.

For those who have an interest in real estate, reference websites that offer information to a investors of all experience levels. It is wise to learn all you can, as it is impossible to know too much.

Pay for professional inspections of your commercial property before you put it on the market. If anything turns up during the inspection, you should immediately address the problem.

Tour any properties you are considering for purchase. Even better, have someone who knows commercial real estate tour the properties with you. Make preliminary proposals to break the ice and open negotiations. Carefully look over any counteroffers you receive before you make your final choice, whatever that may be.

Consider what youR actual goals are before you begin to invest in commercial real estate. You should write a list of which features are most important to you. For example, do you need a specific number of restrooms, a specific amount of square footage, or a conference room?

Commercial Property

As you know, there’s a lot of work that goes into owning a commercial property. To have a good experience, you’ll need to educate yourself, work hard, and most important, have patience. You need to stay diligent at buying commercial real estate. Keeping the aforementioned tips in mind, you are well on your way to owning a nice piece of commercial property.