4 The Power of Commercial Real Estate: Location, Investments, and Business Opportunities

The First Choice Podcast

COMMERCIAL REAL ESTATE: THE BASICS

A lot of businesses have found that their location is vital to their business. Another way that commercial real estate is used is just buying it and holding it. One of the biggest things you've got to understand is the market. If you don't know those, you're going to be left behind.

WHAT IS AN ANCHOR TENANT?

An anchor tenant is in commercial property. Jimmy John's is now the anchor tenant, right? They're essentially holding that property. Now you have these opportunities to expand two more businesses that are just simply speculative.

DO COMMERCIAL FINANCING THROUGH FIRST CHOICE CAPITAL MAKE SENSE?

First Choice Capital would be the owner of the real estate and lease it to tenants. The company would then go to a bank for the rest of the financing. With a good relationship with your banker, you can get better financing.

WHAT IS THE COMMERCIAL REAL ESTATE MARKET IN SHERIDAN?

Sheridan is super interesting because our commercial stuff has not taken off. Our population is what, 18,000 ish maybe 19,000, I can't remember. In order for our commercial real estate to start booming, we really need an influx of people.

ECONOMY OF MULTIFAMILY REAL ESTATE

What I would hate to see happen is businesses move out of town because they can't find employees. If they're able to get people to move here, they could hire employees that are actually at the standard wage that the company can be profitable at.

MULTIFAMILY VS COMMERCIAL: DO YOU NEED A COMMERCIAL PROPERTY?

Would you rather invest in that sort of commercial thing where it's higher money up front or would you rather be more involved in the multifamily providing for that commercial demand? It depends.

COMMERCIAL REAL ESTATE

Ultimately your location is going to be first priority. What route do you want to go? Multifamily or more of a retail or office or mini storage? How are you going to get your financing? On a different episode, we'll probably dive a little bit deeper into a specific one.

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