TITLE:
Value Add Retail Center For Sale
CONTROL:
Exclusive
VALUE:
$482,600
LOAN:
$0
EQUITY:
$482,600
TYPE:
Retail/Commercial
HAVE:
NOI raising potential. No Vacancy. Tenants below market rates. 6,513SF. New leases signed for majority of NOI.
WEBSITE URL:
ADDRESS:
450-490 Rue St Francois Street, Florissant, Missouri
BENEFITS TO NEW OWNER:
Value Add, Raise NOI,
OTHER FILES:
GROSS SCHEDULED INCOME:
$67,260 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$67,260
EXPENSES:
$19,000
NOI:
$48,260
DEBT SERVICE:
$0
CASH FLOW:
$48,260
CAP RATE:
10.00%
REMARKS:
The property is listed at a 10 cap. The market cap rate ranges between 8.4 and 8.6. Sale price could be $574,523.81 in its condition.
COUNSELOR:
Joseph Dusch
Gundaker Commercial Group, Inc.
55 Westport Plaza Dr Suite 200
St Louis, , 63146
Phone: 6367285151
