Investors (yes, you!), it’s time to discuss value-add commercial properties and the potential they have for incredible ROI.
Now, each property within this category will differ, and that’s why working with a real estate investment expert (like us here at Done Deal Real Estate Investments) is key. A real estate investment professional will take the time to hear your needs, both short term and long term, to determine the best property to meet your goals.
Chat with Done Deal Real Estate Investments today
to chat about value-add commercial properties for sale in Palm Springs!
What Are Value-Add Commercial Properties?
The phrase “value add” is exact in this case. When an investor purchases a “value add” property, they are purchasing a property which they will add value to in order to sell for a higher price at a predetermined date. However, how this value is added differs depending on the “pain points” of that property.
Below are examples of how an investor might add value to a commercial property:
- Taking a building in distress and making the property beautiful and desirable.
- Taking a commercial space with low vacancies and filling it with tenants
- Taking a property with deferred maintenance and remedying the space
- Getting a property rezoned for a different type of usage
- Determining the best use of a property (Example: An investor would buy a building currently zoned for mixed use but that is only currently being used as retail space and build it out for residential and retail.)
Ready to invest in a value-add commercial property in Palm Springs?
Call Done Deal Real Estate Investments today! Our Palm Springs real estate investment experts are here to help.
