Our client came to us with an urgent request to find a new industrial space for his business as his landlord plans to evict him and sell his building within 2 months. He came to us to find another space to lease.
We studied his business income, plans and found that buying a building will be a better investment for him. He had never owned a commercial property before and did not think he could afford it. But after we went over different spaces for lease, and conducted a lease vs. buy analysis, he realized that owning a building for himself is possible.
We found a building with an existing business that needs to downsize. We negotiated the offer to allow the seller to lease back ½ of the space for 2 years. Not only was our client able to own the building, but he was also able to receive rental income immediately from the seller until they moved out. We assisted our client to find another tenant who best fit the space and zoning at an even higher rental rate.