|
| | NNN Texas Warehouses | 
| |
|
Property Type: Industrial - Warehouse
Last Updated: 2/4/2009 3:09:50 PM EST
Property # 23810
|
Location:
|
Midland, Texas 79701 USA
|
View Address On Mapquest
|
|
Value:
Loans:
Equity:
|
$2,490,000
$1,525,000
$965,000
|
|
|
Property Description:
All buildings are new as of June 2008, all tenant leases end in 2013. All leases are NNN for the term of lease. Potential to increase income stream under negotiation.
Benefits to New Owner:
Passive income. Owners would be willing to put this equity in your deal.
|
|
Lease Information
|
| Tenant | RCB Suspensions, LLC | Square Feet | 15,500 | Avg. Rent/mo | $5,100 | | Tenant | Cornell Solutions | Square Feet | 5,000 | Avg. Rent/mo | $3,500 | | Tenant | Express Energy Services, Inc. | Square Feet | 5,000 | Avg. Rent/mo | $3,100 | | Tenant | Dixie Iron Works, Ltd. | Square Feet | 5,000 | Avg. Rent/mo | $2,700 | | Tenant | Premeir Downhold Tools, LLC | Square Feet | 5,000 | Avg. Rent/mo | $3,000 | | | TOTAL | 35,500 | TOTAL | $17,400 |
|
Annual Income & Expense
|
| | Per/Year | % of G.I. | Projected/Year | | Gross Schedule Income | $208,800 | 100% | | | Less Vacancy (-) | $0 | 0% | | | Other Income (+) | $0 | 0% | | | Gross Operating Income | $208,800 | 100% | | | Operating Expenses (-) | $0 | 0% | | | Net Operating Income (=) | $208,800 | 100% | | | Loan Payments (-) | $132,168 | 63% | | | CASH FLOW (=) | $76,632 | 37% | | | Capitalization Rate | 8.39% | | 0.00% | | Lot Size | 5.22 Acres | | Zoning | Manufacturing | | Yr. Built | 2008 |
| Additional Income & Expense Comments | | True NNN mail box money, long term tenants and brand new construction. |
|
Loans
|
| | | Balance | Mo. Payment | % Rate | Year Due | Lender | Assumable | | Loan #1: | $1,525,000 | $11,014 | 5.77 | 2010 | Conventional | MAYBE | | TOTALS | $1,525,000 | $11,014 | | | | |
|
Additional Information Available Upon Request
|
| No Appraisal available at this time | Maps: Area & Plat
Rent Roll
Photographs |
|
Can Adds
|
| | No Can Add information found. |
| Can Adds Comments | | Partners can add cash, other investments, expertise. Too much to list. |
Click to view Other parties that may want what you have based on a computer match from the property records data
|
Owner's Profile
|
| Occupation Investor Name Please Sign In or Register to view owner information. | | Why Owner No Longer Wishes to Own This Property | The investment is too passive (need more action/opportunity)
Have taken property to potential and desire a new opportunity
Want to consolidate into larger investment |
| Owner Comments and Benefits desired from Exchange | | Move equity into a new deal, looking to grow this investment over time. Would consider even exchange or trading up. Experience in value added opportunity and management. |
|
|
Will Consider Exchanging For
|
Commercial: Medical, Office, Retail, Strip Center
Industrial: Manufacturing, Warehouse
Residential Income: Apartments, Condo(s), House(s)
Land: Commercial, Farm / Ranch, Industrial, Leased, Mixed Use, Multifamily, Residential, Subdivision, Timberland, Other
Personal Property: Cash
Services Offered: Management
U.S. Locations
| Map | States/Regions:
Regions: 'WEST', 'SOUTHWEST', 'MIDWEST', 'SOUTHEAST', 'NORTHEAST' |  |
|
Property Represented By
|
| Click Here to contact the Owner or Agent representing this property. |
REE.com Inc. has not verified the above property information and therefore does
not guarantee or warranty any information contained herein.
It is your responsibility to seek independent assistance for legal, tax, financial
and physical inspections. All information submitted is subject to errors, omissions,
change of price/value, withdrawal and to any special listing conditions
imposed by the principals.
|
|
