Land Lease Question
Admittedly I have very little commercial real estate experience, only residential and limited at that. I have a friend who has almost two acres of land that is currently zoned light commercial. He wants to lease the land and is willing to build something to lease but doesn't know what to build and wants to find a lessee first. Is my best shot to convince him to build something appropriate for that area then lease it or list it as a ground lease? I could find a local commercial agent to give this to but I kind of see this as a potential foot in the door.
[{"id": "e7h3p7r", "text": "Find a local commercial agent and co-list it. It\u2019s a great learning opportunity for you (and foot in the door), you are building commercial relationships, and your friend is being well-served.", "replies": [], "depth": 1}, {"id": "e7h6vc2", "text": "A ground lease is definitely easier.  If your friend is willing to build and knows what that entails, you could also list it as a build-to-suit.  That way, he will have a lease before he builds, which will make it a lot easier to finance the construction. ", "replies": [], "depth": 1}]