You are here:

Commercial Real Estate Investment/Commercial Pre foreclosures and Commercial foreclosures.

Advertisement

Expert: - 3/14/2009


Question
I have a buyer that is interested in purchasing a commercial building.  He is looking for a discount so he is onli interested in properties that are foreclosed or in default.  He wants a strip mall or property where the space is already occupied with a business or businesses.  How do I go go about finding a property like this?  I am a real estate investor and new to this business.  Please advise

Answer
My suggestion is that you contact a local SIOR or CCIM member broker. There is a lot of competition for the same product that you are seeking. Lenders typically will be assigning REO agencies to qualified Realtors, and, SIOR's and CCIM's should be getting their share.

Commercial Real Estate Investment

All Answers

Answers by Expert:

Ask Experts

Volunteer

Peter Liebert, SIOR

Expertise

Industrial and suburban office transactions. Crane served and rail served faclities. Build-to-suit projects for distribution, manufacturing, r&d and general purpose use. North America and overseas experience for corporate entities.

Experience

Over 30 years of commercial experience. Eastern United States,including Florida, Bahamas, Central America.

Organizations
Society of Industrial & Office Realtors. Tristate Commercial & Industrial Association of Realtors (past President). Team Pennsylvania-Ambassador.

Publications
Tristate C&I Quarterly Report

Education/Credentials
Univ. of Pennsylvania (2 years), Villanova Univ. '69

©2012 About.com, a part of The New York Times Company. All rights reserved.