313 - 319 sw 13th ave
Industrial | 4.04% CAP | 8,275 SqFt
Marketing description
Cash flow investment. NNN lease, no landlord responsibilities. Tenant pays Property tax, insurance, maintenance. the company has been in the same building for more than 20 yrs. Perfectly maintained, no capex deferred. Last yr roof of unit 319 was done.
Complete working spaces under AC.
income year 1: $9280 montly - 108k yr.
annual bumps 4%. (every August)
income year 5: 115.800k.
32 month remaining
Room to increase lease by 20%/30% at contract end (currents market rents are $18/$22 sqf. at $20 sqf Cap would be +7.5%
sensitivity analysis
CAP RATE
Total sqf 8275 4% 5% 6% 7%
$/sqf 17 140675 $3.516.875 $2.813.500 $2.344.583 $2.009.643
$/sqf 18 148950 $3.723.750 $2.979.000 $2.482.500 $2.127.857
$/sqf 19 157225 $3.930.625 $3.144.500 $2.620.417 $2.246.071
$/sqf 20 165500 $4.137.500 $3.310.000 $2.758.333 $2.364.286
$/sqf 21 173775 $4.344.375 $3.475.500 $2.896.250 $2.482.500
Investment highlights
NNN
income year 1: $9280 montly - 116k yr. Cap 5%
annual bumps 4%.
income year 5: 115.800. Cap $5.8%
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