We buy office buildings in Cleveland, OH.
Looking to sell your commercial real estate in Greater Cleveland? We are local, experienced investors. We buy office buildings for cash directly from owners, without the need for brokers or agents.
Because we pay cash, you won't have to wait for a bank to approve a loan or worry about financing falling through. We buy properties as-is, which means you won't have to spend time or money on repairs. Because we're not brokers or real estate agents, you won't have to pay any commissions.
Learn more about Josh and Elina here.
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We Buy Office Buildings in Any Condition - Sell Your Property Fast
If you are interested in selling your office building in the Greater Cleveland area quickly while avoiding paying broker fees, contact us today. Let us make a fair cash offer on your property.
What we buy: We buy small office buildings (3,000 to 8,000 sq. ft.). We have bought and renovated office buildings in all sorts of conditions, including vacant, occupied, run down, and distressed buildings.
Where we buy: We buy commercial real estate all over Greater Cleveland, OH including in:
Check out our recent office building projects in Streetsboro and Twinsburg.
Why Sell Your Office Building to Us?
There are many reasons to choose us. Here are just a few:
1. Cash Offers: We usually pay cash, which means you won't have to worry about financing falling through. Because we usually pay in cash, we can buy commercial real estate that is vacant, neglected, distressed, cash flow negative, or otherwise challenging to finance.
2. Quick Closings: When we pay in cash, we can usually close on the commercial property within a few weeks, so you won't have to wait long to receive your payment.
3. No Repairs Needed: We buy properties as-is, which means you won't have to spend time or money on repairs or upgrades. We will assume all point-of-sale requirements.
4. No Commission Fees: Because we're not brokers, you won't have to pay any real estate commissions. There are other benefits to selling off-market.
5. Local and experienced. We are a local, family-owned business. We live on the East Side and have years of experience in commercial real estate. Learn more about us.
How Our Buying Process Works
Our buying process is simple. Here's how it works:
Step 1: Call us or fill out our online form. We'll ask you to provide details such as the address of the property, the size of the building, and any other relevant information.
Step 2: Let’s schedule a viewing. Once we receive your information, we'll contact you to schedule a time to meet you and view the property in person. We are local and flexible. We'll work with you to find a time that's convenient for you and your tenants.
Step 3: After we view the property, we'll make you a cash offer. Our offers are fair and competitive.
Step 4: Close when you are ready. If you accept our offer, we'll move forward with the closing process. We'll handle all of the paperwork and make sure that the transaction goes smoothly. We can usually close on a commercial property within a few weeks, so you won't have to wait long to receive your payment.
Every seller has unique reasons for selling their commercial property. Some of the situations we frequently encounter are:
Challenges with filling vacancies and lack of cash flow.
Closing a business or retiring.
Being unable to refinance a property at the end of a loan term.
Selling commercial property due to being behind on property taxes.
Selling commercial property because of civil judgments.
Relocation to a different state.
Sellers facing foreclosure and bank/lender/mortgage obligations they cannot meet.
A divorce can be settled quickly when both parties agree to sell their shared property.
We have purchased inherited property owned by family members living across the United States.
Mounting citations and costly repairs can be reasons to sell a nuisance property and move on.
Selling because a tax lien was recorded against the commercial property.
We Buy Vacant Office Buildings
Having a vacant commercial building can significantly affect its market value, as the value of commercial property is often tied to its income-generating potential. When a commercial building is vacant or largely vacant, it means that there is no income generated from the property, and this can make it less attractive to potential buyers or tenants. A vacant commercial building may be more challenging to sell for a number of reasons:
1) It is very challenging for a buyer to obtain financing for a property that is not producing income because lenders consider it a higher risk investment compared to an occupied property. A vacant or largely vacant building does not produce enough income to cover its expenses such as property taxes, insurance, maintenance, utilities etc. Traditional lenders typically will not offer financing for a vacant office building assuming that because the property is not generating income, it will be difficult for the borrower to repay the loan. This is especially true now, in 2023, when lenders are exceedingly weary of commercial real estate due to uncertainty about the economy, the negative impact of Covid-19 on the commercial real estate market, and rising interest rates.
We are cash buyers. Because we do not require financing, the sale is not contingent on securing a loan. By working with us, sellers eliminate the biggest roadblock to selling a vacant property.
2) When the building has no tenant, it may be difficult to showcase the property's potential and attract potential buyers or tenants. This can result in the property staying on the market for a more extended period, which can further affect its market value.
We buy real estate off-market. This means that the property is never listed on the MLS. By selling to us, sellers can avoid an extended listing period and having their property sit on the market. Sellers also pay no broker or realtor commissions when they sell to us.
3) Vacant commercial properties may begin to deteriorate without regular maintenance and upkeep. Additionally, a vacant commercial property can also become a target for vandalism, theft, and other criminal activity. This can make it harder to sell the property in the future and may result in a lower sale price.
We buy properties in their as-is condition. Sellers don't need to spend time and money on repairs or renovations before selling your office building to us.
Some of Our Office Projects
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Office Project in Streetsboro, OH
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Office Project in Twinsburg, OH
Frequently Asked Questions
Do you pay fair prices?
Yes. We typically work with sellers who appreciate that we can offer cash, close very quickly (no waiting for lenders or financing contingencies), and that they don’t need to spend any time or money fixing up the property or paying real estate agents’ fees. This is particularly valuable for sellers of commercial properties that do not cash flow which makes it challenging for potential buyers to secure financing. Our offer will reflect the value the seller gets from selling the property quickly and painlessly.
What happens to my existing tenants if I decide to sell to you?
We are experienced at buying properties with tenants in place. Before the closing, we will require all tenants to sign estoppel certificates to confirm the terms of their leases. We honor existing leases and treat everyone with respect.
Can you buy the commercial property I am inheriting?
Yes. Josh and Elina are experienced in buying properties that have been inherited or are in the process of being transferred through probate or trust administration. They have worked with administrators of estates, probate courts, and trustees of trusts to buy properties on multiple occasions.
I owe more on my mortgage than my property is worth. Can you still buy it from me?
Yes. While the process is a bit more time consuming and we can run into roadblocks in this situation, Josh and Elina have successfully negotiated with lenders on multiple occasions which successfully led to a sale (a short sale).
Why would I sell a property off-market?
There could be various reasons why someone would want to sell off-market, which means selling a property without listing it publicly on a real estate platform, typically with a realtor.
Cost: Realtors typically charge a commission fee, which can be anywhere from 2.5% to 6% of the sale price, and this cost can add up quickly. Some sellers may choose to sell their property without a realtor to save on commission cost.
Experience: While realtors are trained professionals who can provide valuable insights and guidance, we have significant experience with real estate transactions and are comfortable guiding you, the seller, through the selling process without a realtor's assistance.
Convenience: Selling off-market can be more convenient as it allows for a quicker and smoother transaction process. Sellers who to us avoid multiple showings and negotiations and the hassle of a prolonged sales process.
Who is buying my property?
We are. When sellers enter into a purchase agreement with us, they should know that we are the end buyers. We buy, renovate and lease out the properties we buy. We have no intention of reselling the contract to another buyer. We are not wholesalers or “bird dogs.”
About Cleveland, OH
Nestled in Northeastern Ohio, Greater Cleveland is a diverse and dynamic region that spans across multiple counties—Cuyahoga, Lake, Geauga, Portage, Summit, Medina and Lorain. The area offers a wealth of experiences for both residents and visitors alike. Beyond the bustling cityscape of Cleveland itself, the surrounding suburbs and counties provide a tapestry of unique communities, cultural attractions, and natural wonders.
Greater Cleveland boasts a thriving arts and culture scene, with a wide range of museums, galleries, and performing arts venues to explore. The Akron Art Museum, located in downtown Akron, showcases an impressive collection of modern and contemporary art. In Cleveland, the historic district of University Circle is a cultural epicenter, housing world-class institutions such as the Cleveland Museum of Art, the Cleveland Museum of Natural History, and the Cleveland Botanical Garden. This vibrant neighborhood also serves as a hub for higher education, with Case Western Reserve University calling it home.
Within Greater Cleveland, nature enthusiasts are treated to an abundance of outdoor recreational opportunities. The Cuyahoga Valley National Park, stretching across Summit and Cuyahoga counties, offers picturesque landscapes with winding hiking and biking trails, serene waterfalls, and the iconic Cuyahoga Valley Scenic Railroad. Visitors can also enjoy kayaking or canoeing along the Cuyahoga River, immersing themselves in the tranquil beauty of the region. The extensive Cleveland Metroparks system spans over 23,000 acres, offering hiking trails, golf courses, picnic areas, and even an outdoor zoo. The Emerald Necklace, a series of interconnected parks and reservations, provides a tranquil escape from the urban hustle.
Lake County, situated along the shores of Lake Erie, offers stunning lakefront parks, including the scenic Headlands Beach State Park in Mentor, where visitors can relax on the sandy shores near the lake. Further east, Geauga County's expansive Amish Country invites visitors to experience a slower pace of life, with picturesque farmland and charming shops.
Sports enthusiasts will find plenty to cheer for in Greater Cleveland. The city is home to three major professional sports teams: the Cleveland Cavaliers (NBA), the Cleveland Browns (NFL), and the Cleveland Guardians (MLB). Attending a game at the iconic Rocket Mortgage FieldHouse or Progressive Field is an exhilarating experience that showcases the city's unwavering passion for its teams.
Elina and Josh’s recommendations
Holden Arboretum: 9550 Sperry Rd, Kirtland, OH 44094
Lake House Kitchen and Bar: 7508 St. Rt. 43 Kent, OH 44240 (a must visit in the summer)
Pacific East Japanese Restaurant: 1763 Coventry Rd, Cleveland Heights, OH 44118 (great neighborhood sushi place).