TITLE:
All Pets Wellness Sale and Leaseback
CONTROL:
Partner
VALUE:
$4,750,000
LOAN:
$0
EQUITY:
$4,750,000
TYPE:
Other
HAVE:
61,347 SF Building on 4.24 AC with 7,000 SF pool area leased to a swim club and 33,000 SF leased to All Pets Wellness. Included as well is a 12,000 SF Veterinary clinic.
ADDRESS:
1975 Melissa Ln, Aurora, Illinois
BENEFITS TO NEW OWNER:
Control a Value Add $4,750,000 property. Collect monthly income with annual increases and buy back at market value between $6,500,000 - $7,000,000, based on the income approach.
GROSS SCHEDULED INCOME:
$720,935 Projected
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$720,935
EXPENSES:
$0
NOI:
$720,935
DEBT SERVICE:
$0
CASH FLOW:
$720,935
CAP RATE:
15.18%
REMARKS:
All Pets Wellness will have multiple veterinarian and pet services under one roof.
Local pet care services will be subleasing space in the building.
COUNSELOR:
William Caton
Caton Commercial Real Estate Group
1296 Rickert Drive Suite 200
Naperville, Illinois, 60540
Phone: 815-370-1236
Email bill@catoncommercial.com
