No, we’ll buy your commercial property as-is, in any condition, even if it’s in bad shape and in need of costly repairs. There is no need for you to pay for or make any repairs yourself. We’re skilled at assessing the value of your commercial properties and the costs associated with any repairs that need to be made.
Your occupancy rate, the ratio of rented apartments to the total number of units, does not matter to us.
We buy all types of commercial real estate, including small apartment buildings, large apartment buildings, storage facilities, retail, office, land and more. If it’s commercial real estate and you want to sell it, we can buy it.
No, it does not matter. We know that apartment buildings come in a variety of forms and neighborhoods, and we are interested in all, regardless of their class designation. These include:
- Class “A” Apartment Buildings: Newer luxury rentals which are garden, mid-rise, or high-rise buildings with first-class amenities.
- Class “B” Apartment Buildings: Complexes which are up to 20 years old, with few amenities, if any.
- Class “C” Apartment Buildings: Complexes up to 30 years old, in need of renovations and repairs.
- Class “D” Apartment Buildings: Complexes which are over 30 years old, located in a lower socioeconomic area, and in need of renovations and repairs.
We buy properties all over the Continental US. We are especially interested in
Texas
- Houston and the surrounding areas
- Austin
California
- San Francisco Bay Area
- Long Beach
We’ll need to know the building’s gross rents and operating expenses to calculate the NOI (Net Operating Income) of the complex. NOI equals all revenue from the property minus necessary operating expenses. This is the before-tax figure which doesn’t include loans, capital expenditures, depreciation or amortization.
We’ll also need to know your rent rolls, number of units, unit mix, and vacancy rates. P&L statements are also helpful. If you’re not familiar with these items, don’t worry. Just call us, and we’ll explain what these items are and how you can find them.