If you own property that you are using, but would like to free up the cash you have invested in it, consider the potential for selling and leasing back. We are seeing many investors in our market, looking for places to put stock market gains, proceeds from other real estate sales, or just extra liquidity. They are perfectly willing to buy commercial rental property, but they want it filled. If you are willing to sign at least a five-year lease to stay where you are, you have a good chance of finding an owner for your building. That will allow you to expand, deploy the funds elsewhere, or just diversify your own portfolio. Even if you buy another property elsewhere, or of a different type, you have spread your risk farther.
We have seen many downsizing baby boomers who are willing to sell their big homes and rent apartments, often in cities. Now that the stigma of being in a rental property has all but gone away in the housing market, why not use the same theory in the commercial sector?
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