(NYC/Philly market) anyway to check for Retail Strip Centers besides LoopNet costar?
I’m an investor and it seems like loopnet/costar is the only game in town trying to search for CRE. Anyone else have something else? 
[{"id": "e89evjc", "text": "Craigslist", "replies": [], "depth": 1}, {"id": "e89g7d5", "text": "CREXi\nBrevitas\nProperty IDX\nQuantumListing", "replies": [{"id": "e89hfah", "text": "Thanks! I\u2019ve tried crexi, but brevitas is new!", "replies": [{"id": "e89nvd5", "text": "Do you still use CREXi? ", "replies": [{"id": "e89o9pe", "text": "I do, it\u2019s a good platform. Doesn\u2019t have as much as loopnet though", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "e89nr14", "text": "What size center are you looking for? ", "replies": [{"id": "e89o8re", "text": "In the 1MM range with financing. In my case I see a lot of properties in NJ, but they either are contracted and sold in 2 weeks or they\u2019re stuck on the market for 1 year or more. All the reasonably priced options (7-8 cap) are sold ASAP. The ones that are stuck in the market at pro forma 5 caps in class C areas", "replies": [{"id": "e89op3n", "text": "That's the market now. I have a 10 unit apt building in Montgomery County, PA that's a 7 cap if you'd consider that. Otherwise, I'll keep an eye out. My focus is multifamily and mixed-use but sometimes I come across small strip centers. ", "replies": [{"id": "e89p5q7", "text": "How do you manage to make those numbers work? Currently it\u2019s 6.22% for financing (10 year balloon 20 year amortization) that\u2019s less than 100 basis points. I don\u2019t see how it\u2019s worth it to buy one. ", "replies": [{"id": "e89pkxw", "text": "A few local commercial bankers are still at 4.75% with 25 yr amort. 5 yr term. 25% down. I think 5.25% for 10 years. One bank will go as low as 1.1 DSCR - retail centers may differ. These banks love multifamily. \n\nI hear you though. Investors are still deploying capital even though cap rates aren't moving as quickly as interest rates. ", "replies": [], "depth": 5}], "depth": 4}, {"id": "e89zrwz", "text": "Where in Montgomery county?  ", "replies": [{"id": "e8ag1fk", "text": "Lansdale ", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "e8a27js", "text": "Out of curiosity why are CoStar/Loopnet insufficient?", "replies": [{"id": "e8b2m2j", "text": "Unlike residential mls and Zillow, costar and loopnet don\u2019t have every property on the market. They have most, but some properties are on Ten X, Crexi, C21 commercial, etc and not on costar/loopnet. This happens even when they are represented by brokers like cbre and MM. ", "replies": [{"id": "e8j0c4j", "text": "Couldn\u2019t the same be said for the MLS with FSBO and old school bad realtors who are inept at technology?", "replies": [{"id": "e8j24wg", "text": "No since a lot of FSBO list on Zillow/trulia which is free. And old school bad realtors have to list on MLS. I haven\u2019t seen anyone not list on the MLS unless it\u2019s wholesale/auction/specialty sale. Any normal homes are on the MLS", "replies": [{"id": "e8o5qsv", "text": "But frequently realtors will put in the information poorly, particularly with mapping. I often see properties shown at the wrong address due to ambiguous or similar street names, or simply just ineptitude, in addition to various other problems like simply property type (detached, single family, etc.) Also the level of information, uniformity, property history, and ease of use seem far lower on all of those services (mls, Zillow, etc.)", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "e8b2dx6", "text": "You need a good broker.  There's a reason we pay good money for good representation. ", "replies": [], "depth": 1}]