Las Vegas Commercial subdivision
| Asking Price: | $1,225,000 | Inventory: | |
| Gross Revenue: | $112,100 (comments below) | Real Estate: | $1,225,000 ++ |
| Cash Flow: | Not Disclosed (comments below) | FF&E: | n/a |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: 9.1% cap rate | |||
| Cash Flow Comments: 7.1% cash on cash (see notations bellow) | |||
Prime Las Vegas property. Located on Las Vegas Blvd No. Consisting of 7650 sf within an existing commercial subdivision, 100% leased. Close to major freeway & Shopping. Priced at 9.75% cap rate with positive cash flow.
Excellent opportunity for an absentee investor. Occupied by a church. Gross annual rent $112.100. (triple net), which calculates to 9.75% cap rate. For a qualified buyer, with 20% down ($230.000), it may be possible to finance the bal ($920.000) at 9% AITD 30 year ammortization with 7 year due. The annual mtg payment on the AITD will be $88.800. resulting in $23.300 annual positive cash flow ( a 10% cash on cash return on the $230.000 down payment.
Excellent opportunity for an absentee investor. Occupied by a church. Gross annual rent $112.100. (triple net), which calculates to 9.75% cap rate. For a qualified buyer, with 20% down ($230.000), it may be possible to finance the bal ($920.000) at 9% AITD 30 year ammortization with 7 year due. The annual mtg payment on the AITD will be $88.800. resulting in $23.300 annual positive cash flow ( a 10% cash on cash return on the $230.000 down payment.
About the Business
Year Established:1996
Facilities:7.650 sf within a 34.000 sf commercial subdivision).Tilt-Up concrete construction with 20' high ceiling. Complete automatic sprinkler & alarm systems.
Market Outlook and Competition:Prime Las Vegas Property. Excellent opportunity for an absenty owner.
About the Sale
Reason For Selling:financial plan
Seller Financing:For a qualified buyer with 20% down ($245.000),it may be possible to finance the bal ($980.000) on an AITD at 9% 30 year ammortization & 7 year due.
KEYWORDS: absentee, investment, invest, investor, church, commercial subdivision, income property, las vegas, nevada, clark, commercial, cash flow
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