Deciding to buy a commercial property starts with a first-cut look at some basic numbers including revenue, expenses and rent roll, all of which are provided by the property owner’s agent. This is a crucial step in deciding if a deal is worth doing. In that regard, as a buyer’s agent I prepare the following two tables to begin the conversation.
Importantly, there is no industry standard as to how an owner’s agent presents a property’s operating numbers. Indeed, they can be included in a slick, highly detailed offering statement or written on the back of an envelope. In either case, they can be complete or not so much. In other words, there is a lot of vetting that goes on even at this early stage of the process.
If commercial real estate investing in north Jersey is a subject of interest I invite you to reach out to me either by phone/text (973-865-1863) or email (email@example.com).