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
Two recently announced corridor Barrel House restaurants signal recovery for Cedar Rapids’ downtown development.
KWWL reporter Michele White discussed the revitalization of the 3,500 square foot space at 201 1st Avenue SE, Cedar Rapids with GLD’s Michael Gibbs.
Undeterred by pandemic, Iowa restauranteur announces second corridor location
On the heels of last month’s Marion announcement, Barrel House signs a lease to open a downtown Cedar Rapids restaurant. Corridor patrons will now have a second option to enjoy Barrel House’s “Food that lifts your spirits.”
Founded by Jimmy Holt in
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
New ownership group breathes life into iconic former restaurant building
Cedar Rapids, IA — Sitting just shy of 8,000 square feet (SF), the prominent building at 1140 Blairs Ferry Road in Cedar Rapids has been home to several restaurant concepts over the years.
The building was originally constructed in 1993 and housed
2021 Cedar Rapids Metro Commercial Real Estate Report
