RetailGal

Acquisitions for retail strip center properties nationwide. Enjoy talking all things CRE and occasionally sharing my random thoughts.

[RetailGal @CREGalXX]

Called the broker on a strip center listed at a 2.29% cap. "Hey, that pricing seems pretty aggressive, can you walk me through your valuation?" "You can raise the rents and stabilize at a 4% cap." 😱😱😱 At a loss for words. #brokers #commercialrealestate #NNN #stripmall

[RetailGal @CREGalXX]

Please always include the address in the email when sending an off-market deal; don't make me search for it.

#CommercialRealEstate #brokers #stripmall #NNN

[RetailGal @CREGalXX]

Brokers -- If you don't put the $/SF in the OM, the rent roll is useless to me.

#commercialrealestate #NNN #stripmall #retailproperties #Retwit

[RetailGal @CREGalXX]

Just a reminder, unpriced means overpriced.

#commercialrealestate #brokers #NNN #retailproperties #retwit #stripmall

[RetailGal @CREGalXX]

@CREgir1 Nowhere near enough parking!

[RetailGal @CREGalXX]

Looking for value add deals, seeing everything hitting the market:

***Bee Gees voice*** Ah ah ah ah stabilized, stabilized

#commercialrealestate #brokers #NNN #realestate #stripcenters #valueadd #retwit

[RetailGal @CREGalXX]

If your property is widely marketed, please stop asking for a CA to get the OM. Either keep the OM private and only send it to those who reach out, or make it easily accessible.

#commercialrealestate #stripmalls #NNN #brokers #retailproperties

[RetailGal @CREGalXX]

Current tenants' average rent: $30 NNN
Market rent: $24 NNN
Building: 10,000 SF
Asking price: 4.6M, 6.5% cap
6.5% cap at market rents: 3.7M
Beware of downside risk.

#commercialrealestate #brokers #NNN #retwit

[RetailGal @CREGalXX]

Strangest pitch from a broker: 'We'll only show you off-market deals if you agree to let us list one of your existing properties'

Sorry, but that's not how this works. If you choose to overlook a serious buyer, that's entirely on you.

#commercialrealestate #brokers #NNN #retwit

[RetailGal @CREGalXX]

Name a better feeling than the seller signing the PSA first 🤤🤤🤤

#commercialrealestate #retwit #brokers #realestate #stripmall #stripcenter

[RetailGal @CREGalXX]

Being unrepresented and letting brokers double-end the deal is the best way to put yourself at the top of the list.

#commercialrealestate #brokers #NNN #realestate #stripmall #Retwit

[RetailGal @CREGalXX]

57 calls made
6 answers
0 new leads

Just. Keep. Calling.
#commercialrealestate #brokers #NNN #stripmall #retailproperties

[RetailGal @CREGalXX]

Name something more annoying than someone not answering their phone right after you say, "I'll call you right back."

#commercialrealestate #broker #realestate #retwit #NNN

[RetailGal @CREGalXX]

Best advice for heartbreak. Go.

#breakup #thissucks

[RetailGal @CREGalXX]

Why can't @CoStarUS put portfolio sales as one comp? Finding the specific parcel with the information on the overall deal is extremely frustrating and a waste of time.

#CommercialRealEstate #Broker #CoStar #Realestate #LoopNet #Retwit #NNN #stripmall

[RetailGal @CREGalXX]

Cold-calling and watching the Yankees. Not a bad Thursday.

#commercialrealestate #brokers #coldcall #retwit #NNN #Yankees

[RetailGal @CREGalXX]

New pet peeve: someone who only responds to one question in an email or text when you ask multiple. Respond to all or none, it's obvious you're avoiding the others.

#commercialrealestate #retwit #brokers #NNN #stripmall #retailproperties

[RetailGal @CREGalXX]

Hearing that sellers are on hold until after the election. Anyone else?

#commercialrealestate #brokers #NNN #stripmall #retwit

[RetailGal @CREGalXX]

@The4amBroker Swag, unless it's something useful.

[RetailGal @CREGalXX]

@JTMartingCRE Any, it's more important to pick a product type you're passionate about.

[RetailGal @CREGalXX]

@ClarenceWongCRE Exactly, how do I even know if your 'off-market' deals are any good? Bring something I want to buy and then we can talk!

[RetailGal @CREGalXX]

Strangest pitch from a broker: 'We'll only show you off-market deals if you agree to let us list one of your existing properties'

Sorry, but that's not how this works. If you choose to overlook a serious buyer, that's entirely on you.

#commercialrealestate #brokers #NNN #retwit