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Updated over 2 years ago, 07/12/2022
6 cap for commercial stabalized property
Hi there! I have been offered a deal at a 6 cap - $52,000 NNN rent (tenant pays property tax, insurance, utilities, maintenance). This is for a stabilized treatment center in the Northeast. What is the best way to underwire this considering current market conditions, possible imminent recession? I'm looking to buy this in cash.
Need to make a decision in 24 hours so this is time sensitive- any advise or PM is greatly appreciated.