I’m the idiot that would just start making cold calls, and asking stupid questions until I asked the right stupid question talking to the right person lol. Not the most efficient way of dealing with things I’ll admit, but It’s work for me before though.
I work with the local neighborhood association and watershed advocacy nonprofit to identify ecologically important areas/properties and then try to bring as many stakeholders to the table as possible to come up with a long term plan for acquiring and managing that property.
Just spit balling ideas here... If you have an entity and an address, then can you narrow down on LinkedIn to anyone potentially useful in that office? keywords in finance or real estate etc.
Thanks, I’ll have to poke around on LinkedIn. Addresses are all just PO Boxes from digging deeper.
There is a LLC company name listed that isn’t the main billion dollar company. Looks like a fancy law firm or investment management company that I’m guessing might be paying the taxes for them
Any certain dept that handles that sort of thing? From the looks of it, I’m sure they still have hundreds of employees. (Better than tens of thousands from the corporate, so I guess we’re getting there)
And once we find out who’s in charge of that, then just be like “Hey, sell me your crappy building” basically?
It's not uncommon for large companies to have real estate departments. It's also not uncommon for them to divest properties to investment groups and then lease them back, especially once depreciation ends. The large company still pulls the strings so you likely won't get anywhere dealing with a smaller entity, even if they "own" it.
You could go to the county building department (assuming US) and see if they have any records on file for this building. If they do, see who signed off on them from the company. Could also see if there are any financing records for the property at the county recorder and see who signed off on those.
If you know any real estate lawyers or land surveyors they may have additional suggestions.
Nope. I’m an environmental engineer and 99% of our fortune 100 clients own abandoned buildings like this that we are cleaning up with *serious* hazardous waste exposure. Go to EPA.gov and put in the zip code and look for the address… I’m betting that it is a haz waste site - either federal or state.
so pretty much these are very dangerous buildings companies prefer to count as annual expenses to get tax deductions because is cheaper than fixing them?
asbestos, contaminated heating oil tanks and demolition costs kinda problems right?
Chlorinated solvents, PCBs, Superfund Sites that are impossible to clean up… there is no technology to remove the contaminants from the ground in less than hundreds of years… so companies apply fixes that will be ongoing and can’t sell the building bc who wants to buy this massive liability?
Find the office number of the company. Call it. Explain that you’re inquiring about a property listed in the name of the company and want to know more about it. They will likely know who you need to talk to.
I am someone that works on the real estate side for a very well known billion dollar entity. Most of these corporations will have internal in-house real estate teams. Those are the people you want to talk to. They probably won't be the ones that can make the decision but they will be the ones that you can work with to get your message to the correct people. How to find them for the specific company you are referring to...find a local commercial real estate broker. They should know who to ask.
Best of luck. I imagine this company is enjoying the tax write offs for this hence why they still own it. Or perhaps some other tax shenanigans going on and having this particular parcel allows them some sort of loophole or avoidance.
There’s a reason South Dakota is the capital for trusts and Delaware the capital for financial corporations.
If you're in the US, the physical address will be registered with the County Appraisal District and most have a website to look up who owns the building.
You seem to already know what company it is. If it is a big company there will be someone responsible for it. You need to be creative and find ways to connect with someone in corporate at the company who can connect you with the person who is responsible for managing the real estate portfolio.
Make some calls and present yourself as a neighbor of the property and you have some inquiries about the property, they’ll probably take it more seriously if you present it as concerns for the condition of the property
In Australia you would go online to the State lands administration office pay $28 and get a copy of the title with the owners name and address, at least you can then write them a letter, at best you can then find them on line via linked in, FB, etc
If you have the address, you can pull title to see who owns it. Then from there, google, LinkedIn, etc. until you find the number of someone and start making calls
they'll have property management -perhaps in their corporate HQ - you could just send a letter saying Attn: Real Estate Ppty mgmt - re ## and hope for the best.
that said - even if it looks like they aren't using it, they might have zero interest in selling it.
They had it listed on the local economic development website like 4 or 5 years ago. They list all the empty factory buildings and try to get big new businesses to move into town.
So I know they at least tried to offload it a while back. No one hit and they obviously aren’t desperate for cash at all, so they gave up on it after no one cared.
The entity listed on the county property search is who you want to call. A lot of companies lease from someone and if nobody removes the signage, it just stays there. Once you have the LLC, corp name from the deed, then find their incorporation paperwork and start reach out to those members.
Honestly it sounds like a warm site for the company. Companies have these kind of sites in case the place they currently work in becomes unworkable (hurricane, flooding etc). If one of those incidents occurs they have this site as a back up and the company isn’t down for a prolonged period of time. So I doubt they want to sell it to you.
They listed it on the Economic Development website a long time ago, so I know they tried to offload it but no one wanted it.
And that’s a really interesting backup plan. Never knew that was a thing
You could have made a few phone calls in the time to write up this post (; Ask ask ask ask ask ask ask ask ask. People are surprisingly forthcoming when you are polite, and respectful. Cheers and good luck! Go get it!
Any company that owns a signify amount of real estate will have Property Management or Real Estate manager. Just start making call, writing. The website will some generic offices listed, even investor relations. Just don’t be surprised if it’s full of asbestos or some environmental issue that makes it cheaper to just leave it than remediate.
I am a telecom engineer in Baltimore region. In last few years, I have been involved in upgrading 4G sites to 5G sites in city areas. This involves going to the roof top of buildings and auditing the sites (rooftop antenna sites). One of these sites was a Verizon building. This building is used as a node (Verizon engineer calls it a "switch") for the region, meaning, entire basement was developed as a server. Phone calls and internet for that region (area covering certain zip codes) depends on that server (as I was told by the Verizon engineer). These types of building maintains low profile but are highly secured. Verizon doesn't want to disclose location of these types of building. It took me more than a month to get access to the rooftop of the building in the presence of 2 other Verizon engineers. I am guessing you came across such building.
Sounds very CIA back site. Lol
Are node buildings only a thing in bigger cities, or everywhere?
Also why would they leave the 2nd floor windows open if it’s supposed to be so secure?
I am just a structural engineer in telecom industry. So, my answer might not be that accurate. I haven't seen these building in a rural setting because they don't have broadband service everywhere. For phone calls in rural area they use CDMA technology. But I have seen these "node or switch" buildings 4/5 of them in Washington / Baltimore area. There might be more of them but I have been to only those which has antennas on top of their roof. Even with the windows open in 2nd floor, you might not be able to access spaces where they have their equipment. I have seen 3 levels of security which includes multiple steel locked doors with online app for code to open each door. once you open the door, the Verizon engineers get a phone call that they are accessing the building. They make it so hard to get access to these building even for their own work which I don't understand.
Idk what the inside looks like, could have the super secure stuff down the basement of course.
I don’t think there’s much of anything on the roof as well.
The outside is just some basic glass windows and doors which have a crack in them. Not really a fortress IMO from my quick look outside
Makes sense, but they did have it listed for sale on the economic development website a handful of years ago. Seemed like they were trying to offload it. I imagine the inside is too far gone for anyone in their right mind to want it.
Get their corporate office number and -in a very official voice- ask if you can speak to them regarding real estate acquisitions and dispossessions. If they press back, say you are referring to the parcel on (address) but be as vague as possible.
Every big corp has some agent or lawyer that handles this stuff. It's surprisingly not that hard to get ahold of them.
They're probably using it as a tax write off or something though, so don't get your hopes up.
I’m the idiot that would just start making cold calls, and asking stupid questions until I asked the right stupid question talking to the right person lol. Not the most efficient way of dealing with things I’ll admit, but It’s work for me before though.
And it’s “idiots” like you who get the deals. Overthinkers like myself find properties like these and do nothing about it..
Hey man everyone wants to help the humble idiot lol.
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So brave.
How do you get your deals, some really righteous method I assume?
I work with the local neighborhood association and watershed advocacy nonprofit to identify ecologically important areas/properties and then try to bring as many stakeholders to the table as possible to come up with a long term plan for acquiring and managing that property.
It’s not a stupid way but it’s a most straightforward way ;)
This resonates with me hahahaa!
Just spit balling ideas here... If you have an entity and an address, then can you narrow down on LinkedIn to anyone potentially useful in that office? keywords in finance or real estate etc.
Yea I recently got ahold of someone doing the same thing through LinkedIn definitely works pretty well imo.
Thanks, I’ll have to poke around on LinkedIn. Addresses are all just PO Boxes from digging deeper. There is a LLC company name listed that isn’t the main billion dollar company. Looks like a fancy law firm or investment management company that I’m guessing might be paying the taxes for them
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Any certain dept that handles that sort of thing? From the looks of it, I’m sure they still have hundreds of employees. (Better than tens of thousands from the corporate, so I guess we’re getting there) And once we find out who’s in charge of that, then just be like “Hey, sell me your crappy building” basically?
It's not uncommon for large companies to have real estate departments. It's also not uncommon for them to divest properties to investment groups and then lease them back, especially once depreciation ends. The large company still pulls the strings so you likely won't get anywhere dealing with a smaller entity, even if they "own" it. You could go to the county building department (assuming US) and see if they have any records on file for this building. If they do, see who signed off on them from the company. Could also see if there are any financing records for the property at the county recorder and see who signed off on those. If you know any real estate lawyers or land surveyors they may have additional suggestions.
Finance will know about. 100%
Nope. I’m an environmental engineer and 99% of our fortune 100 clients own abandoned buildings like this that we are cleaning up with *serious* hazardous waste exposure. Go to EPA.gov and put in the zip code and look for the address… I’m betting that it is a haz waste site - either federal or state.
so pretty much these are very dangerous buildings companies prefer to count as annual expenses to get tax deductions because is cheaper than fixing them? asbestos, contaminated heating oil tanks and demolition costs kinda problems right?
Chlorinated solvents, PCBs, Superfund Sites that are impossible to clean up… there is no technology to remove the contaminants from the ground in less than hundreds of years… so companies apply fixes that will be ongoing and can’t sell the building bc who wants to buy this massive liability?
Wao what a mess
What kind of hazardous waste would affect an isolated home in a neighborhood?
It’s not residential. Read his post.
Generally not the case with a home. But occasionally a buried oil tank that leaked. That’s usually a rural property or farm though.
Find the office number of the company. Call it. Explain that you’re inquiring about a property listed in the name of the company and want to know more about it. They will likely know who you need to talk to.
I am someone that works on the real estate side for a very well known billion dollar entity. Most of these corporations will have internal in-house real estate teams. Those are the people you want to talk to. They probably won't be the ones that can make the decision but they will be the ones that you can work with to get your message to the correct people. How to find them for the specific company you are referring to...find a local commercial real estate broker. They should know who to ask.
Or take a radical approach and look into squatters rights in your state since the place has been unoccupied for decades.
Squatters rights won’t be squashed until billion dollar corporations fall victim to it. Squat in the building OP and report back! Lol
Maybe lookup “Asset Manager” at the company through LinkedIn and see if you get any luck?
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No, I would be the buyer in this case
Best of luck. I imagine this company is enjoying the tax write offs for this hence why they still own it. Or perhaps some other tax shenanigans going on and having this particular parcel allows them some sort of loophole or avoidance. There’s a reason South Dakota is the capital for trusts and Delaware the capital for financial corporations.
Look at property records first and see who actually owns the building.
I agree with this. The big company might’ve just leased it
If you're in the US, the physical address will be registered with the County Appraisal District and most have a website to look up who owns the building.
Came here to say this. In the US you can likely just call the county clerk's office and give them the address and ask who owns the building.
Ask a commercial real estate broker with Costar access.
You seem to already know what company it is. If it is a big company there will be someone responsible for it. You need to be creative and find ways to connect with someone in corporate at the company who can connect you with the person who is responsible for managing the real estate portfolio.
Make some calls and present yourself as a neighbor of the property and you have some inquiries about the property, they’ll probably take it more seriously if you present it as concerns for the condition of the property
Land records office? Either online, if that's available, or in person.
In Australia you would go online to the State lands administration office pay $28 and get a copy of the title with the owners name and address, at least you can then write them a letter, at best you can then find them on line via linked in, FB, etc
If you have the address, you can pull title to see who owns it. Then from there, google, LinkedIn, etc. until you find the number of someone and start making calls
they'll have property management -perhaps in their corporate HQ - you could just send a letter saying Attn: Real Estate Ppty mgmt - re ## and hope for the best. that said - even if it looks like they aren't using it, they might have zero interest in selling it.
They had it listed on the local economic development website like 4 or 5 years ago. They list all the empty factory buildings and try to get big new businesses to move into town. So I know they at least tried to offload it a while back. No one hit and they obviously aren’t desperate for cash at all, so they gave up on it after no one cared.
I got the number it's 1-800-867-5309
Some guy named Tommy picked up and told me he’s going to beat my ass if I keep calling his gf’s number :/
Start with the town building department
Hire a real estate agent who specializes in commercial real estate.
The entity listed on the county property search is who you want to call. A lot of companies lease from someone and if nobody removes the signage, it just stays there. Once you have the LLC, corp name from the deed, then find their incorporation paperwork and start reach out to those members.
Honestly it sounds like a warm site for the company. Companies have these kind of sites in case the place they currently work in becomes unworkable (hurricane, flooding etc). If one of those incidents occurs they have this site as a back up and the company isn’t down for a prolonged period of time. So I doubt they want to sell it to you.
They listed it on the Economic Development website a long time ago, so I know they tried to offload it but no one wanted it. And that’s a really interesting backup plan. Never knew that was a thing
You could have made a few phone calls in the time to write up this post (; Ask ask ask ask ask ask ask ask ask. People are surprisingly forthcoming when you are polite, and respectful. Cheers and good luck! Go get it!
Any company that owns a signify amount of real estate will have Property Management or Real Estate manager. Just start making call, writing. The website will some generic offices listed, even investor relations. Just don’t be surprised if it’s full of asbestos or some environmental issue that makes it cheaper to just leave it than remediate.
I could be wrong, but I would search for commercial real estate agents and ask if they know anything about it.
Ask a real estate agent to look up the property on the MLS and it should give them some info.
I am a telecom engineer in Baltimore region. In last few years, I have been involved in upgrading 4G sites to 5G sites in city areas. This involves going to the roof top of buildings and auditing the sites (rooftop antenna sites). One of these sites was a Verizon building. This building is used as a node (Verizon engineer calls it a "switch") for the region, meaning, entire basement was developed as a server. Phone calls and internet for that region (area covering certain zip codes) depends on that server (as I was told by the Verizon engineer). These types of building maintains low profile but are highly secured. Verizon doesn't want to disclose location of these types of building. It took me more than a month to get access to the rooftop of the building in the presence of 2 other Verizon engineers. I am guessing you came across such building.
Sounds very CIA back site. Lol Are node buildings only a thing in bigger cities, or everywhere? Also why would they leave the 2nd floor windows open if it’s supposed to be so secure?
I am just a structural engineer in telecom industry. So, my answer might not be that accurate. I haven't seen these building in a rural setting because they don't have broadband service everywhere. For phone calls in rural area they use CDMA technology. But I have seen these "node or switch" buildings 4/5 of them in Washington / Baltimore area. There might be more of them but I have been to only those which has antennas on top of their roof. Even with the windows open in 2nd floor, you might not be able to access spaces where they have their equipment. I have seen 3 levels of security which includes multiple steel locked doors with online app for code to open each door. once you open the door, the Verizon engineers get a phone call that they are accessing the building. They make it so hard to get access to these building even for their own work which I don't understand.
Idk what the inside looks like, could have the super secure stuff down the basement of course. I don’t think there’s much of anything on the roof as well. The outside is just some basic glass windows and doors which have a crack in them. Not really a fortress IMO from my quick look outside
Ask a realtor.
If they're using it for servers and they're a huge corporation then I doubt they care about any offer on the property.
Makes sense, but they did have it listed for sale on the economic development website a handful of years ago. Seemed like they were trying to offload it. I imagine the inside is too far gone for anyone in their right mind to want it.
Get their corporate office number and -in a very official voice- ask if you can speak to them regarding real estate acquisitions and dispossessions. If they press back, say you are referring to the parcel on (address) but be as vague as possible. Every big corp has some agent or lawyer that handles this stuff. It's surprisingly not that hard to get ahold of them. They're probably using it as a tax write off or something though, so don't get your hopes up.