1031 Exchange + Cash / Debt Free Investment Opportunity
1031 Exchange + Cash / Debt Free Investment Opportunity
This property is a one story commercial facility consisting of 4 buildings and includes 9,978 of retail space, storage, land for future storage expansion, and is located in a major traffic hub with high profile tenants, Napa Auto Parts, Bimbo Bakeries, and local historic company Baker Supplies and Repairs.
SPECIFICATIONS
Valued at: $4,000,000
Buildings: 4 Buildings, 3 used as store front retail, 1 used exclusively for storage. It rents out parking spaces for commercial vehicles, and smaller storage and closed in areas are rented. This site will support the development of a self sustaining storage facility.
Style: Metal sided buildings and storage containers
Roof: Pitched with Tile
Year Built: 1980
Rentable Square Footage: 9,978 sq. ft.
Asset: Class C
Site: 2.6 Acres
On Site Parking Spacing: Open
Lease: 100% Leased and Occupied
DEMOGRAPHICS
ATTRACTION
Easy access. Located on a major thoroughfare with heavy commercial traffic. The availability of land in the area is attracting builders who are encouraged by the city developers to build self sustaining neighborhood centers in the area. This could potentially be a substantial boost to current and future tenants.
RENTAL INCOME
Monthly Rents: $18,000
Annual Rents: $216,000
Other Annual Income: $TBD
Rental Growth Rate: 4.00%
Expense Growth Rate: 4.00%
Property Growth Rate: 4.00%
Marginal Tax Rate: 0.00%
Capital Gain Tax Rate: 0.00%
Debt Coverage Ration (DCR): 2.26
Capitalization Rate Based on Cost: 4.70%
Capitalization Rate Based on FMV: 4.52%
Value of Property Using this Cap Rate: $4,000,000
Cash on Cash Return before Taxes: 9.36%
Cash on Cash Return after Taxes: 9.36%
Gross Rent Monthly Multiplier (GRM): 178.92
Debt Coverage Ration (DCR): 2.40
Capitalization Rate Based on Cost: 5.44%
Capitalization Rate Based on FMV: 4.47%
Value of Property Using this Cap Rate: $
Cash on Cash Return before Taxes: 11.36%
Cash on Cash Return after Taxes: 11.36%
Gross Rent Monthly Multiplier (GRM): 178.92
Debt Coverage Ration (DCR): 2.90
Capitalization Rate Based on Cost: 6.56%
Capitalization Rate Based on FMV: 4.43%
Value of Property Using this Cap Rate: $
Cash on Cash Return before Taxes: 15.33%
Cash on Cash Return after Taxes: 15.33%
Gross Rent Monthly Multiplier (GRM): 178.92
Cash Investor
Fully Loaded LTV
Minimum Investment
Loan Terms
Interest Rate
Equity Offering
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