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Updated about 2 years ago,
First time investing in commercial real estate
Please help me determine weather this number makes sense to you guys. Any feedback is much appreciated.
11k sqft total building
prime location with walmart anchored
asking price: $4.7million
CAP: 6%
100% leased (all NNN lease type)
annual base rent combined: $268k
total expense: $90k
NOI: $281k
lease expires: 2023, 2024, 2026, 2027,2032
my debt services are unknown at this point. What should I expect from my debt services regarding this deal? does this make sense to you all?