Trending Content
Career Resources
WSO Free Modeling Series - Now Open Through
May 31, 2024
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
Most brokers are going to ask for 5% but I’d be happy to do it for 3%
I'm not sure about office/industrial but this is what my firm charges for multifamily, usually get 3-4% on deals of that size.
This was a bad joke - anything $20m and above I’d have a hard time believing you could get above 2.5%
Really? I guess above 50m, yeah, but in that 20-30 million range we tend to hit 3% pretty regularly.
LOL, sounds like a standard ReMax deal! (yes, I know you are joking...)
I thinks this really depends on "sub" institutional it really is.... If this is still "class B" office/industrial with stabilized rent rolls (can have some vacancy/value-add angle)... I think you could find legit brokers at major firms who would take this for 1%, I mean a $200-$500k pay day is plenty. In some markets, you may find those willing to take at 75 bps or even 50 bps (not sure if a good idea, but its a competitive world).
If this is class C or heavily vacant or other wise more "non" institutional, then I think 1% is prob a floor and you should budget up to 3% with some incentives.
This price range is still pretty big regardless of asset class, so I think you still get a pretty competitive rate unless really sketchy on some dimension (like will be super hard to sell)
Nobis veritatis sed voluptatum omnis laboriosam consequatur cumque. Qui sed dolorem cumque quaerat consequatur. Ut sint ullam maxime tempora non quaerat corporis. Labore magnam consequuntur est perferendis soluta aperiam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...