Commercial Real Estate and Property Management Business
Off-MarketNewport, RI
Commercial Real Estate & Property Management
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$1,100,000
$500,000
45.5%
—
30+ Days
Customers
Commercial leases - offices, warehouse.
Customer Acquisition
Word of mouth
Team
Owner has a broker, a part-time property manager, and maintenance crews.
Owner's Role
8-10 hours per week
Reason for Selling
The owner is turning 80 years old and looking to retire.
Contracts
Yes
Real Estate
Yes, two office buildings (30,000 and 24,000 square feet) and an 8,000 square foot warehouse. Asking $2.5 million for the warehouse and $6.5 million for the two office buildings.
When Are You Looking to Sell
ASAP
Licenses Required
No
Additional Notes
This business owns three buildings: two office buildings (30,000 and 24,000 square feet) and an 8,000 square foot warehouse. The business also manages an additional 24,000 square feet of office space that is not owned (property management). The business will be sold together (i.e., real estate + property management).
Business ID: 1255
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