Furst Commercial Real Estate welcomes sales packages on retail, office and industrial properties that meet the following criteria:
Preferred Property Types:
Grocery anchored retail centers, industrial parks w/ distribution 22' + ft clear height, and office buildings located in our targeted geographic area. Projects built in 2000 or newer construction.
80,000 square feet or larger / $7 million to $25 million.
Texas and all western states.
Minimum seven percent (7%) capitalization with upside potential. Cap rate is dependent upon other factors which underwrite property's value.
All cash or unit exchange (with benefit of tax deferral to seller).
Investment packages are typically reviewed within 5 days of receipt. Properties meeting our investment criteria normally are sent a letter of intent within 2 days of being reviewed.
Once the Seller and Furst Commercial reach an agreement on the property’s price, Michael Furst and partners travel to the property, typically within 10 days.
Normally Furst Commercial Real Estate completes due diligence within 30 days of going under contract and the Seller will receive funds 30 days after the close of due diligence.
Furst Commercial values its relationships within the commercial property industry. Since its founding in 1995, Furst Commercial has never failed to close a purchase after successful completion of its due diligence.