from GlobeSt (11/5):
Last updated: October 31, 2008 07:11pm
Retail Condos Are Catching On
By Patrick Nutt
"If you’ve ever strolled through Manhattan, you’ve most likely walked around Times Square, dropped into a name-brand clothing store and probably visited a nearby Starbucks for an afternoon latte, all without needing a car. These retail locations redefine the term “infill,” thriving on pedestrian traffic. And it may surprise you that many are actually retail condominiums, sold to investors seeking passive real estate income.
While these may not look like typical net-leased assets, their design and operations are almost identical to the usual freestanding single-tenant buildings so popular in today’s investment market. As with any residential condo, the owner typically owns the area within each unit’s walls, while the condo association maintains any common area outside that unit." ...
for the complete story
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment