625: Once In A Lifetime Opportunity To Buy Office
In some markets, you can buy suburban office property for as low as $10/ft where it costs $200/ft to build. What’s more, you don’t have to find off-market deals, they’re listed publicly on LoopNet, Crexi, and other prominent sites. As workers have moved to the suburbs and left downtown offices, they’ve chosen to work closer to home. Suburban buildings with one to three person offices in particular are seeing strong tenant demand. As a result, many suburban office buildings are at 90% occupancy. Ash Patel, a successful discount Value-Add investor, invests in office buildings, flex Industrial, strip retail, and ground up construction. Ash doubles his money on most deals in three to five years.