10-CAP.COM Commercial investments over 10% cap rate



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last updated 02/28/08

Description Location Size Asking Price
 
250 unit in 9 luxury apartment buildings are spread out over 14 beautiful acres of beautiful nature and new landscaping with ample parking and lots of open space and common ground, highlighted by a new 1/2 acre pond with a sparkling fountain in the center.
Completely rehabbed with Approx. $1,500,000 Dollars spent on Renovation and Capital Improvements. 98% OCCUPIED. 250 UNITS ON 14 ACRES.
3 different floor plans.
Brick, vinyl siding, Master Water, Individual Electric, Gas, and each unit individual A/C with central heat & air.
Amenities include a newly refinished pool with new pool house and new children' s playgrounds.
Building size: 193,446
1 Bed 1 Bath: 48 apts Avg. SF: 576
2 Bed 2 Bath: 156 apts Avg. SF: 773
3 Bed 2 Bath: 48 apts Avg. SF: 960
Gross Income: $1,368,000
Expences: $625,000
NOI: $743,000
Price: $7,225,000
Cap Rate: 10.30%
Metro Columbus, Ohio    193446  $37 per SF
 
Well maintained, multi-tenant executive office building.
B+ Class building.
Centrally located in St. Petersburg's downtown area.
Fully renovated last year.
100% leased to tenants with strong credit, with waiting list.
Full property management already in place and included in expenses.
Building Size: 17,712 SF
Year 2008 Proforma NOI: $366,281
Price: $3,500,000
10% Cap Rate
Saint Petersburg, FL    17700  $197 per SF
 
3 Warehouse buildings.
Buildings are steel frame, concrete and steel exterior and reinforced concrete floors.
Total size: 790,000 SF
Total lot soze: 51 Acres
75.00% occupied.
Occupancy: 75.00%
13 Tenants. Net Leases.
NOI: $832,000
Price: $8,000,000
Cap Rate: 10.40%
Northern Indiana    790000  $10.1 per SF
 
170 Units portfolio of 3 all brick apartment buildings.
All in great condition.
Occupancy: 91.00%
Total size: 116,000 Sq Ft.
All three of these properties are being offered far below their true market value.
1 Bed 1 Bath: 120 apts Avg. SF: 650
2 Bed 1 Bath: 50 apts Avg. SF: 750
NOI: $461,700
Price: $4,275,000
Cap Rate: 10.80%
Detroit, MI    116000  $36 per SF
Houston
1,066 units apartment complex.
Very Attractive Special Financing Available to Qualified Buyer/Borrower
* Excellent Reposition Opportunity with Incredible Upside Potential
* Close-In Location; Interior/Exterior Renovations in 2003
* Six Pools, Sports Court, Six Laundry Rooms, Covered Parking.

1,066-unit, garden-style,
two-story walk-up apartment building with flat, built-up roofs.
The property was constructed between 1972 and 1976 and consists of 727,076 net rentable square feet of living area. The average unit size is 682 square feet with 18 different floor plans for residents to choose from. The buildings sit on concrete slabs and are standard structures with two-inch by four-inch wood
studs with a brick veneer and wood siding exterior. There is blown in insulation in the attics and batt insulation in all exteriors and common walls. Each unit has an individual roof-mounted electric heating and air conditioning unit with the tenants paying for their own electricity usage. Individual units have carpeting in the living room, hallways, and bedrooms with vinyl tile in the kitchens and bathrooms. There are washer/dryer connections in the larger two-bedroom units.
Project amenities include six (6) swimming pools, (6) six laundry rooms, a sports court and playground. Within the community there are a total of 1,509 parking spaces of which 1,069 are covered parking spaces. According to current management, the property completed a renovation in 2003 that included interior replacements and refurbishment, exterior refurbishment, and replacement of the roofs. Total cost of this renovation was approximately $1,800,000.
The site consists of an irregularly - shaped tract of land containing 31.705 acres. According to the FEMA flood insurance rate map dated 11/96, the property is situated outside the 100-year flood plain. Access to the property is excellent.
Price: $23,000,000
Texas    727076  $35 per SF
Montreal
Retail strip building with 2 floors. Ground - retail, second floor - office spaces. Total area 19,250 s.ft., offices 8,500 sq ft. Ancor restaurant in business for over 30 years, hair dresser, electrical applainces store.
All retail - long term leases.
The roof is redone completely in 2001. All retail is on NN lease. Offices are rent on gross base leases including heating.
Land area: 25,550 sq. ft. with adjacent land including 24 ext. parking.
100% occupied. Shopping center always rented at 100% capacity.
NOI: 250,000
Price: $2,460,000
Cap rate: 10%
Canada    19250  $127 per SF
 
296-unit apartment complex with a great mix of 1,2 and 3 bedroom apartments and Townhomes. The Property consists of 42 concrete Buildings on over 11 Acres of land. This Property is a huge moneymaker that grosses $1,35,000. This is a Turn Key operation that is also very easy to maintain.
Price: $8,000,000
Cap Rate: 10.00%
Georgia    230000  $34 per SF
 
22,500 sq ft retail strip center for sale.
Located next to a Walmart super center and a new movie theater. New construction, was finished October 2007, and already 70% filled. Current net income is $254,000 with all but one new 5 + 5 years leases. Other leases in negotiations.
110 Parking spaces. Lot Size: 2.07 Acres
Projected gross: 425,000
Projected NOI: 380,000
Price: $3,800,000
Cap rate: 10%
South Carolina    22500  $168 per SF
 
500,000 sq ft of office and warehouse space.
This asset is and is less than one hour, NE from Metro Chicago.
Overall the subject property is 95% occupied.
A vast majority of the tenants are on NN leases.
Year 1 cash-on-cash returns exceed 19% with a 7.5% APR on a 65% LTV loan.
Price reflects a Year 1 Cap Rate of 12.9%.
Price: $25,500,000
Michigan    500000  $51 per SF
For more information on any of these investments please call 212-624-9162
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If you have property to sell, we are your best chance to sell it for more, fast, and without bringing it to the open market.
* The Cap Rate (Capitalization Rate) represents the annual return before mortgage payments and income taxes on the total investment
The Cap Rate is calculated as follows:
Cap Rate = (Net Operating Income / Market Value) x 100
Net Operating Income (NOI) = All Income - All Expenses


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