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Updated over 5 years ago,
Im trying to figure out my best decision
I want to invest in these two commercial properties that I found. They are owned by the same owner. He is retired and wants to get rid of the properties.
Property 1: Office Building for 949,800. 24 private offices and fully rented Cap rate is 8% (Annual $124,240) and NOI is $82,968
Property 2: Office Building for $1,799,900. 20 offices and its also fully rented. the cap rate is 6% (Annual $145,080) and NOI $97,980
My Question is How can I buy both of these properties without having putting too much down but still acquiring the properties even though I take less yearly.
Side note : im thinking about doing Master Lease with an option to buy.
also do you guy think this is a good deal?
Any feedback would be greatly appreciated. Thank you