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Updated over 2 years ago on . Most recent reply
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50%+ COC return. Should I keep or assign?
I have a deal I really want to keep, but it's outside of my buy box.
Here's a summary:
Location: Hamilton, OH (edge of Hamilton, St. Clair Township, 5 minutes from new Spooky Nook
Type: Gated RV Storage zoned B3 commercial (self-storage allowed)
Occupancy: 75% (61/81); 70% of tenants pay in advance.
As-is COC: 14%
Pro-forma COC: 50%+
Average rent per space: $43
Market rent per space: $80
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