The expert spoke about the specifics of investing in commercial real estate

Having decided to invest in commercial real estate, you can consider different options, including buying a property with an existing tenant. Alexander Volgin, the founder of the Lendli investment platform, told Izvestia on April 23 about the specifics of such an investment.

According to him, the profitability of such projects with an existing tenant ranges from 8 to 12% per annum. If an object with a network tenant costs from 20 million to 40 million rubles, then the payback period will be about 120 months. The money invested in an object worth at least 100 million rubles can return faster — in eight to nine years.

The expert called the purchase of an object with a tenant the most predictable and reliable option, since the investor understands at the purchase stage who uses the property and on what terms.

At the same time, special attention should be paid to the choice of location, since a good location will become an "insurance policy" in case the tenant moves out. You also need to carefully study the contract with the tenant, clarify how the rental rate is formed, what are the conditions for its indexing, and so on.

Square footage: mini-offices are being bought up en masse in Russia

The demand for such commercial premises has more than doubled in a year.

At the same time, it will be cheaper to purchase a commercial facility under construction or just commissioned without a tenant. But in this case, the investor can not only win, but also lose, Volgin believes. In his opinion, the success or failure of such an investment depends on the level of competence of the owner.

"He may correctly predict the rental rate, or he may make a mistake or even not find a tenant at all. Therefore, in this case, I recommend working in conjunction with a company that specializes in this activity. Or, if you have the opportunity, negotiate and coordinate the price with the network tenant before the purchase. In all other cases, it's partly a lottery," the expert added.

Pharmacies and convenience stores are among the most liquid objects on the commercial real estate market. But their number in residential complexes is limited, and if other landlords turn out to be more efficient or make a better offer, then there is a possibility that square meters will have to be rented, for example, to a beauty salon, which will significantly reduce profitability, Volgin explained. In addition, service companies are usually interested in concluding short-term lease agreements, which is less beneficial for the owner.

"It is worth assessing the passability of the location very carefully. Practice shows that even 100 m away from an intersection significantly affects traffic and, as a result, rental rates and profitability of the facility. To make a high—quality forecast, you also need to understand the number of residential apartments within a radius of 300-500 m from the facility and competently assess the competitive field," the expert said.

Speaking about non-standard commercial real estate, Volgin noted parking lots and warehouses near the house for private use. The advantage of this investment is a low check. Depending on the region, the cost of such facilities ranges from 2 million to 5 million rubles. At the same time, in a successful location — a promising residential complex with a large number of apartments and a shortage of parking and storage spaces — an investor can get a higher yield than other commercial real estate.

The industrial warehouse real estate segment has also been developing over the past few years. It can be represented both in the form of large logistics complexes and in the light industrial format (from English — light industry) — premises for production, storage, office and showroom in a single space. Such areas are in demand by small businesses, and by purchasing an object at the construction stage, an investor can achieve a yield of more than 10% per annum, Volgin noted.

The information in the material is not an investment recommendation.

Earlier, on April 13, Elvira Glukhova, an economist, founder of Lender Holding, and an expert in the field of lending and real estate, told Izvestia that any high-yield real estate investments involve risk and require serious market knowledge. She stressed that there are no tools that allow you to simply invest money in a certain market product and receive 70% of the annual passive income.