Industrial Deal! 10k/mo NNN Lease

[Deren Huang]

Hello All!

Grateful for this community. 

I wanted to share a deal I recently closed on in Tulsa.

This is a 25k sqft manufacturing building, as you can see, it has been added on multiple times. 

I may lovingly call it my Frankenstein building. 

It had a 3 year NNN lease attached to it, with approx 2 year left, and an option to renew for another 3 years.

Purchase: $1,100,000

Rent: $10,000.00/mo + NNN charges (I still can't believe this is a thing)

Debt Service: $5,887

Cashflow: $4,113*

COC: 17.26%

*This does not include reserves for vacancies, etc

Next steps is to raise capital to get more deals like this!

I AM LOVING INDUSTRIAL!