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Updated almost 6 years ago on . Most recent reply
Commercial Deal - Cash Reserves
I'm evaluating a deal that fell off a while back, but is coming back around. It is a build to suit and the tenant is a publicly traded company in the oil and gas space. The build will be finished in November. Would be my first major commercial deal, but the numbers look good. Thoughts?
$2,400,000
$25/SF NNN
$240,000 NOI
10% cap rate
10 Year Lease w/ 5 year Option