Commercial Real Estate Joint Venture?
I own 6.5 acres of commercial property that I am authorized to construct a building of 30,000 square feet for sale. I complete all civil engineering. The property estimated at between 900,000 to 1,000,000. I have 325,000 mortgage. I want to joint venture with a person (s) to get the building built. I have the 30,000 square feet leased a health club. Are there brokerage firms that deal with this type of treatment? Or is the type of operation you need to network and find someone. The property is in a suburb of New Jersey 10 minutes from Philadelphia.
This is a proposal for the sale by the sounds of it. Much people go through lawyers and accountants for financial advice so that it can be useful to obtain a brochure and projections etc. be distributed to these two real estate agents, etc.. You do not negotiate with a real estate agent's commission at first, but customers have also investment at least those who have a pulse (which excludes 99%) did so. If I do not live across the world, I'd take a look this. Hope this helps, good luck, Jackson.
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