Commercial Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 2 years ago,
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