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Updated almost 3 years ago,
Help Analyzing Large Manufacturing Company Deal?
Hi I recently had a possible large deal fall in my lap and I'm wondering if someone can help me analyze the deal? The off market property is a Manufacturing plant/office building. Its a newly remodeled property and is over 34,000sft. The property is in a pretty rough part of town but the business currently in it is thriving. The current tenant pays $11,000.00/Month. They also pay the taxes, utilites and all expenses or repairs < $25,000. The current lease extends until 2026. The current owner wants to sell and the president of the company wants to buy it but cant because of a conflict of interest agreement in the contract. That president is a friend and trusts me so he brought it my way. The main reason for the President wanting to buy it is because he knows they should be paying more for rent and is afraid the next owner will increase rents. I have little experience buying larger manufacturing properties. Any thoughts would be truly appreciated.