|
Location:
233 South Main Street
High Point, NC
|
Investment
Highlights |
| Price: |
$7,850,000 |
| Cap Rate: |
10.68% |
| Loan Amount: |
$5,000,000 |
| Equity
Required: |
$2,850,000 |
|
Cash on Cash: |
11.87% |
| IRR: |
29.88% |
| Debt: |
7years/15 AM
recourse loan at 5.55% Interest Rate |
| Land Area: |
|
| Building
Area: |
61,090 square
feet
6 stories |
| Leases: |
3 tenants
with 1-3 year net leases remaining |
| Options: |
Five year |
| Rent
Escalation: |
25% at option
renewal |
| Occupancy: |
100% |
100% occupied since completion. Assumable
5.55% loan/15 year Amortization. At buyers preference,
managing member will stay on as partner and/or manager.
|
