Which comes first, the chicken or the egg?

I have a lead for an office tenant who wants to relocate, however I don't own any office space. I have heard of purchasing property based on a contract with a future tenant. Is it realistic to structure this type of deal? The tenant is nationally branded in business for many years. I am a client of his, he complained about his current location today, confiding that he's like to find a new office.
In Buying Property - Asked by Josh A. - May 26, 2009
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Paul S.
Broker/Agent
Glendora, CA

Josh
You probably need to talk with an attorney to see if such a contract could be drawn up? If one could then you could go look for a building to buy. There are some good deals on office space available. If you plan to finance the new building the lender will no doubt want to see the lease with the tenant as well as the strength of the tenant.

May 27, 2009
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