Updated almost 9 years ago on . Most recent reply
Advise evaluating a commercial deal
Hello, just wanted to get some help evaluating a potential commercial project.
24,000 square foot building with 20,000 warehouse space and 4,000 of office space. Building is concrete tilt up and is in very nice shape.
lease is $12,000 per month NNN, tenant also pays RE taxes.
just entered into 5 yr lease.
7.5% cap rate
PP is $1,920,000.00
seller will finance with 10% down at 5.5% interest.
loan amount is $1,728,000.00
30 yr amort. @5.5% is $9,831.39/mo
thank you for any help or input