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Market on Green
Furniture Showroom Investment |
Map
Loan is assumable with 1% fee on outstanding principal balance
at buyers preference, managing member available as partner
and/or manager.
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Location:
212 East Green Drive, High Point, NC
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Investment
Highlights |
| Price: |
$19,500,000 |
| Cap Rate: |
10.34% |
| Loan Amount: |
$12,000,000 |
| Equity
Required: |
$7,500,000 |
| Cash on
Cash: |
12.85% |
| IRR: |
16.88% |
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Debt: |
10
years/20AM non-recourse loan at 6.26% Interest Rate |
| Land Area: |
.716 Acres |
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Building Area: |
173,017 square feet
6 stories |
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Leases: |
23 tenants
with 3-6 year net leases |
| Options: |
1 three and
five years |
| Rent
Escalation: |
Annual CPI |
| Occupancy: |
100% |
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Alpha World Properties, LLC
PO Box 1163
High Point, NC 27261-1163 USA
Tel: 336.886.8899 Fax: 336.886.8898
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