2 commercial spaces
$2MM
2 levels plus basement
~7500 SF
First floor + basement deli ~5,000 SF, $4800 escalating up to ~$7000 in two years and then 2% escalations
10 year lease
Paying 1/2 RE taxes
2nd floor ~2,500 SF, $4000/mo projected
Re taxes $25,000/yr tenant pays half
Water tenant
Sewer tenant
Gas tenant
Electric tenant
liability and fire insurance $4,500
Income ~$132,000/yr
Expenses ~$25,000/2
NOI ~$115,000
Cap Rate ~5.75%
$2MM
2 levels plus basement
~7500 SF
First floor + basement deli ~5,000 SF, $4800 escalating up to ~$7000 in two years and then 2% escalations
10 year lease
Paying 1/2 RE taxes
2nd floor ~2,500 SF, $4000/mo projected
Re taxes $25,000/yr tenant pays half
Water tenant
Sewer tenant
Gas tenant
Electric tenant
liability and fire insurance $4,500
Income ~$132,000/yr
Expenses ~$25,000/2
NOI ~$115,000
Cap Rate ~5.75%
Floor: 2
Total Rooms: 2
