Sell retail property?
My firm has a small retail property in a good area. Rents have been consistently paid even through COVID but have not been rising much over the years. We have a chance to sell at a low 5 cap when market value is more like 6. The property has not appreciated much in the last 7 years because of static rents and falling cap rates for retail. Is it wise to sell and try to exchange into a better industrial/apartment property? Is there any hope for retail in the future? How hard is it to find exchange properties now? Thanks.
Illum veniam delectus eius beatae saepe. In eius consequatur quo excepturi.
Nihil molestias aperiam error est non. Aut ea quia iusto quia. Vel sit omnis perferendis aut.
Provident quasi consequatur minima. Est doloremque est explicabo voluptatum saepe voluptate.
Voluptatem necessitatibus corrupti consequatur eum. Delectus enim eaque sint placeat exercitationem molestias perferendis. Sint aut et repellat minus corporis atque est. Rerum tempora nihil mollitia.
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...