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ynlvr
LSU Fan
Baton Rouge
Member since Feb 2009
1102 posts

Looking for small Commercial Office Space

What are the pitfalls of buying Commercial Office Space? I am looking to buy a small Commercial Office. I only need about 1,500 to 1,800 sf for myself but will consider a larger unit that can be split. I don't need high visibility but do need good condition building. I prefer to keep the total investment under $500k and want to be in highland road/perkins/essen triangle.

Sales prices I've looked at range between $140 to $170/SF. Lease rates are between $13.50 to $20/SF.

I've never bought commercial RE and can use advice or recommendations?


MSMHater
LSU Fan
Houston
Member since Oct 2008
13881 posts

re: Looking for small Commercial Office Space
quote:

Sales prices I've looked at range between $140 to $170/SF.

New construction, or buying the shell space? My new construction costs on a 3000sq ft medical building are about $177/sq ft, so your number seems pretty good. Add about $40-$70 /sq ft for build-out costs.

quote:

Lease rates are between $13.50 to $20/SF.

My 4 sattelite offices are $21, $26, $26, and $31. And that is just rent, no operating expenses.

ETA: In Houston, btw.
This post was edited on 1/29 at 3:59 pm


Teauxler
LSU Fan
League City, TX
Member since Jan 2010
1486 posts

re: Looking for small Commercial Office Space
Contact Randy Herring at Falgoust & Associates... Having a good CRE agent that will walk you through the process is important.

Good luck to you !


ynlvr
LSU Fan
Baton Rouge
Member since Feb 2009
1102 posts

re: Looking for small Commercial Office Space
Thanks for the rec


Teauxler
LSU Fan
League City, TX
Member since Jan 2010
1486 posts

re: Looking for small Commercial Office Space
PM me if you need contact info. I can tell you its a buyer's market right now. Go get em !


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