Things to consider when purchasing your first commercial property:
01 — What types of property interest you?
Property types:
• Industrial
• Office
• Retail
• Multifamily
• Hospitality
02 — How involved do you want to be?
Active or passive investor:
• Land development
• Land banking
• Value-add or stabilized
Sale-Leaseback Benefits
CCIM Institute definition:
In a typical sale-leaseback, a property owner sells real estate used in its business to an unrelated private or institutional investor. Simultaneously, the property is leased back to the seller for a mutually agreed-upon time period.
Benefits:
Opportunity to capitalize on favorable market conditions
News 7 KWWL reporter Michele White spoke with Michael Gibbs about vacant commercial properties and the effect of COVID on the Cedar Rapids commercial real estate market.
Site selection and lease negotiations are taking longer due to the pandemic. “Companies need a lot more approvals and
CellSite Solutions increases footprint by 189,900% since inception
CEDAR RAPIDS, IOWA — CellSite Solutions increases footprint by a 190,000-plus square foot (SF) facility located on 22 acres at 4150 C Street SW, Cedar Rapids. Their new headquarters is comprised of a mix of office, light manufacturing, warehouse and distribution space.
CellSite Solutions
2021 Cedar Rapids Metro Commercial Real Estate Report
