At the end of the day, no matter your specific goals, our mission is to help you determine the type of real estate investment that makes the most sense for you. There is a lot that goes into becoming a successful investor and we’ll walk you through the process from start to finish — extending to years beyond, ensuring that you always have a knowledgeable friend to offer insightful advice.
There is plenty to consider, of course, and no matter the type of commercial officeproperty you’d like to invest in, we are proud to offer comprehensive guidance designed to help you succeed.
If you’re considering investing in a commercial office space,
here are some things to know as you start.
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In general, office buildings are classified into three categories. Keep in mind that a Class A building in one neighborhood may not be a Class A building in another — office buildings are always viewed within the context of the local market.
These buildings are the newest and highest-quality options available in the current market.They look the best and have an up-to-date infrastructure. Located in great locations around Ohio with easy access, they’re professionally managed and attract the highest quality tenants and command the highest rents.
Class B buildings still have solid infrastructure, management, and tenants despite being older than Class A buildings. They’re a common choice for commercial investment properties because they can be restored to Class A glory with renovations.
Located in less-desirable areas and in need of extensive renovation due to age, Class C buildings have outdated infrastructure and the lowest rental rates. They’re often targeted as re-development projects.
Properties can be further classified into 3 distinct categories:
Self-managed properties can be any type of office space and any class building and are normally smaller properties. We recommend buildings with less than five units. There are certain types of office space investments like Executive Suites and Co-working spaces that are not only self-managed but they are also a business. These need to be close to where you live. Professionally Managed properties can be any type of office space but we recommend buildings with more than five units and only be A and B class properties. The only exception is office spaces or buildings in Condo Associations. These are good for distant and out-of-state investors.
Every office building may have different kinds of office spaces. Generally speaking, every office space is pretty much the same thing – desks, cubicles, conference rooms, break room, and everything else in there. But there are also Medical Offices and Flex Spaces.
Medical Offices differ from general office spaces in the following ways:
Medical offices have more rooms. Some of which are smaller rooms (exam rooms)
More rooms have plumbing (sinks), especially in exam rooms.
Medical Offices need a larger reception/waiting area.
Medical Offices demand higher rental rates but are also more expensive to buy.
Medical offices need more parking spaces.
Flex space is a type of office in which a tenant who occupies industrial space also has office space built-out within the building. This kind of space is for tenants who need to have both the front and back end of their business under one roof, from warehouse and/or distribution to sales, accounting, and management.
Specializing in Commercial Real Estate Investment Opportunities for Beginners
Have you ever considered investing in commercial real estate, but been intimidated by what goes into the process? Do you dream of finding a lucrative commercial property for sale, but aren’t sure how to approach being an owner?
At Perfect RealEstate Investments, we can help you to determine the best path towards your goals. Needless to say, there is a lot to consider — and that’s why it makes the most sense to gain as much knowledge and insight into the process as you possibly can. Regardless of your experience with investing, PRI offers a straightforward, time-tested, and extensive approach to determining which areas of commercial propertyinvestment will work for you. Whether it is buying a hotel or investing in retail, industrial, multifamily, or hospitality properties, there is a solution that’s right for you.
Are you ready to get started? We offer a free consultation, so don’t hesitate to get in touch with us today to learn more about the process. We look forward to hearing from you!
Check Out Our Concierge Services to Real Estate Investors
Whatever needs you may have as an investor, we try to fit the bill, whether you’re trying to figure out where to buy or how much rent you should charge.
We will wrangle with the contractors, ensure that a property’s documentation is up to date, and handle any other needs you as a landlord might encounter.