Finding tenants for office/medical building in small town

I spoke with the owner of a vacant office building. The building was occupied by several doctor's offices that left a few years after the last recession. The owner likes the idea of placing tenants in the property then selling/exchanging it after the GSI has been stabilized. It's currently being managed by a CPA.
I'll have to find new tenants for his building which is located in a small town in CA with 7000 people and 12 miles from any other larger city. The primary economic driver is food packing, produce distribution, and farming.
I'm going to get the tenant history, get the leasing info from similar buildings in town, talk to someone at the city govt to see if they are looking for space, I'll reach out to doctors in neighboring cities to see if they are interested in adding an office in town. This is my first leasing agency contract. I'd appreciate any tips on marketing, due diligence, and searching for tenants. What would you do in my situation?
In Leasing Property - Asked by Jose G. - Jun 10, 2017
Report Abuse
Answer this Question

Welcome to Answers

LoopNet Answers is where the commercial real estate community shares what they know to help each other out. And it's all for free.

Ask a question to get advice from brokers, investors, professionals and local experts.

Answer questions to raise your visibility as a trusted advisor and build new relationships.

Ask a Question

Post Question