This is a question many companies struggle with, and I think the best answer will come from your Accountant. Typically your Accountant will be the one most familiar with your particular business settings. Among many other things, owning a building will allow for depreciation, and leasing will allow for deductions. However, every scenario will be different depending on multiple factors, such as company formation, time frame, market conditions, and your company projections.
My personal opinion in this market is to be hyper-focused on a particular market and purchase using OPM while the rates are low. If it's over 51% user-occupied, there is a possibility of getting most of it financed by the SBA. But again... talk to your accountant and ask what the most advantageous choice would be for your business in particular.
Apr 27, 2012