Low Cap 5.75%, but still 40k+ a month, worth the hassle?

[Mark Holmes]

I posted a few months ago, about a deal I found on CBRE.  A 400+ high rise.   It caps low, but has a cash flow of in two months compared to my W2 annually.  

Is this an investment that many would pass up?  

I signed a confidentiality form or I would post the financials.

Mark

[Jay Hinrichs]

curious how your planning to attack this one..  

a few of my colleagues own exactly these types of assets..  they tend to have high quality tenants and you can give them to professional management.. so for passive they are very good.

although most on BP would probably think the return is too low.. but if you have the means to buy this then ease of ownership and top shelf clients don't come with 10 caps.