Multi-tenant office
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[{"id": "fbaayk1", "text": "Get the historical opex from the seller", "replies": [{"id": "fbad12l", "text": "This.  Op Ex vary greatly from one building to another, even within the same geographic area.", "replies": [{"id": "fbahodr", "text": "posts above are right as far as getting historical opex from seller, but if you're trying to proform this to snatch an off market deal or for whatever reason can't access the opex currently, our portfolio is class B multi tenant office space and I bet the average Ops including taxes and everything else average $9.50.", "replies": [{"id": "fbaj8py", "text": "What do you guys typically look for in your deals?", "replies": [{"id": "fbalhq9", "text": "Depends what you are looking for. I\u2019m assuming your looking for a higher cap and this is a value-add play... hence the move out of the primary markets.   Look at the lease rollover. Are you getting small or big spaces back? Multiple suites at the same time?  What is the market for space in the local area? I\u2019d get local knowledge from some tenant rep brokers. \n\nAs for you other comment, just because owners may do maintenance themselves doesn\u2019t mean they\u2019re doing it right. I help run a third party manager and it\u2019s usually a disaster when we get an acquisition from a previous small owner/operator (and usually occupier).", "replies": [], "depth": 5}, {"id": "fbalo90", "text": "Forgot to mention investment strategy and investor base.  We have clients who look for opportunities to provide their own clients with tax benefits plus cash flow.", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}, {"id": "fbaj7o1", "text": "Some sellers do maintenance/work on the property themselves.", "replies": [], "depth": 2}], "depth": 1}]