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Investing in office floor instead of rental house.
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Bachuma Gate
#1 Posted : Monday, August 24, 2015 3:44:10 PM
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Joined: 3/26/2012
Posts: 280
Seen some going for 11,000.00 per sqf in Parklands. 13,000.00 in Westlands. Parking 1.5m.

Those with experience how is this biz esp occupancy rates. Looks like one can get between shs 90-130 per sqf. 1000sft can cost you 11m and fetch up to 100,000.00 per month.
DOH
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heri
#2 Posted : Monday, August 24, 2015 5:14:09 PM
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Joined: 9/14/2011
Posts: 834
Location: nairobi
Bachuma Gate wrote:
Seen some going for 11,000.00 per sqf in Parklands. 13,000.00 in Westlands. Parking 1.5m.

Those with experience how is this biz esp occupancy rates. Looks like one can get between shs 90-130 per sqf. 1000sft can cost you 11m and fetch up to 100,000.00 per month.


Our Chama bought 2 offices in westlands in 2013 for 10M and rent is 100K . Only downside is that one of the offices stayed for about 6 months before getting a tenant

i consider the deal we got to be a good deal. But it depends on location

i have seen offices in Watermark business park in Karen now go for almost 2 years with only 50% occupancy
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Bachuma Gate
#3 Posted : Monday, August 24, 2015 6:01:09 PM
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Joined: 3/26/2012
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Is Mirage next to Kempeski going for 13k psf. It can be good buy becauseof the mega Avic int comlex under construction next to Kempeski aka Obama. It will be the tallest building in EA. With 1 office tower 1 hotel tower 2 apartment towers. Getting tenants there should not be a problem.
DOH
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Bachuma Gate
#4 Posted : Monday, August 24, 2015 6:05:08 PM
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@heri your deal may still be better than buying an apartment for 15-18m and the rent is 70-90k.
DOH
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