Also in the UK, The Drake Circus open air mall in PlymouthDevon was demolished in the early s and replaced by a large indoor mall of popular xxx movies same name. It is important that you conduct this analysis before purchasing the property in order to verify that it is still a sound investment. The buyer should state that the purchase is contingent on getting a mortgage, if applicable. These owners may be the best source in vetting potential brokers. Find an experienced commercial real estate broker.
Phoenix shopping center investments
You may be required to put forth a large down payment or put money into replacing a roof or repaving a parking lot. This article has multiple issues. Mark Reinphoenix commercial real estate firmPhoenix retail brokersPhoenix shopping center investments. Thanks for letting us know. Have the property inspected.
Prepare a detailed income and expense analysis. Because of the significant cost associated with purchasing commercial property, most buyers have investors and need to secure a loan from a reputable lender. You should determine if there is room for growth or are there leasing alternatives if your business fails to thrive.