Street Smart Success

670: Don’t Buy Unless It’s A Great Deal


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Buying at a discount is the most dependable way to make money. Suburban office is one of the few examples left where you can still find considerable value. In some markets, you can buy these properties for as little as $10/ft where it costs $200/ft to build. What’s more, you don’t have to find off-market deals, they’re listed publicly on LoopNet, Crexi, and other listing sites. As workers have moved to the suburbs and left downtown districts, they’ve chosen to work closer to home. As a result, many suburban office buildings are at 90% occupancy.  Ken Naim, founder of Beacon One Capital, has acquired cash-flowing suburban office properties and also buys industrial buildings in smaller markets.

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Street Smart SuccessBy Roger Becker

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