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[{"id": "hk4agpa", "text": "Markets hot right now. If the payments are killing you absolutely sell it &amp; hit a 1031 exchange for something you're not paying out the ass for.\n\n&amp;#x200B;\n\nEdit: do you mean 270,000 sq ft or 2.7 million? Big difference.", "replies": [{"id": "hk4ryaw", "text": "Some markets are hot, some are cold. There are a lot of variables.", "replies": [], "depth": 2}], "depth": 1}, {"id": "hk4b4f9", "text": "So you are considering condo-izing just the top two floors of the property? That'll be a hard sell.", "replies": [{"id": "hk5nyq9", "text": "I agree with this assessment. Probably difficult to do and it will hurt your ability to sell the rest of the property in the future, or refi it. I don\u2019t know your market obviously but selling those off could be as difficult or more difficult than leasing them and a much larger headache. I do not recommend.", "replies": [], "depth": 2}], "depth": 1}, {"id": "hk4cu4p", "text": "This gets real sticky if the entire building isn't condoed. And could really hamper your ability to sell the entire asset when that time comes. \n\nIf you don't want the intense anxiety and the property is the source of the anxiety, sell the property. Especially before interest rates go up and pricing is forced down.", "replies": [], "depth": 1}, {"id": "hk4o1a0", "text": "What market is this? I find it hard to believe you can\u2019t find a buyer\u2026there is so much money looking for deals right now", "replies": [], "depth": 1}, {"id": "hk5mkvc", "text": "You would have a high legal fee in condo-izing the building, then selling the two floors. \n\nCome to think of it, it\u2019s the same thing as putting your resources into leasing the space. Unless you\u2019re area has an odd demand for condo office space.", "replies": [], "depth": 1}, {"id": "hk5pqtz", "text": "Go for it.", "replies": [], "depth": 1}, {"id": "hk5vi5h", "text": "I think you could find an owner who would buy the building to occupy the 2 top floors and collect rents from the remaining tenants.", "replies": [], "depth": 1}]