What is a Turnkey Commercial Property?

Commercial properties are bought and sold in various conditions. Rehab properties are those that require renovations and things like additional electrical wiring, paint, carpets, and fixtures after they are purchased. These properties are convenient for those who want to customize the space to fit their needs. However, there are other commercial properties that are already in liveable condition and move-in ready for lessees who require immediate tenancy and don’t have the time to worry about repairs and superficial decor. These properties are classified as “turnkey”, meaning buyers can simply ‘turn the key’ and open the [...]