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National Council of Exchangors
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Location Map1
Location Map2
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CONTROL:
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Exclusive
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VALUE:
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$1,100,000
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LOAN:
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$0
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EQUITY:
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$1,100,000
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TITLE:
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WEST ALLIS, WI RETAIL CENTER
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TYPE OF PROPERTY:
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Retail/Commercial
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HAVE:
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90% occupied retail center with excellent management and good CAP rate in place. Upside from billing CAM fees and vacancy. Brand new apartments next door. Very good area.
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WEBSITE ADDRESS:
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PARCEL#:
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CITY, STATE:
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West Allis, WI
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COUNTY:
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BENEFITS TO NEW OWNER:
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Income in place, upside on CAM and rents, mailbox money. Extra income from parking during the State Fair.
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GROSS SCHEDULED INCOME:
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$146,000
Actual
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VACANCY LOSS:
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$11,000
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GROSS EFFECTIVE INCOME:
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$135,000
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EXPENSES:
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$67,500
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NOI:
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$67,500
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DEBT SERVICE:
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$0
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CASH FLOW:
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$67,500
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CAP RATE:
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6.14%
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ENCUMBRANCES:
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BALANCE:
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PAYMENT:
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RATE:
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DUE:
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ASSUMABLE:
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LOAN 1:
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LOAN 2:
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BENEFITS SOUGHT:
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Move up into more RV Parks or ministorage. A Buyer with this equity.
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CAN ADD:
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KC KOA campground, Edgewood,NM RV Park, ABQ ministorage, signature.
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REMARKS:
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Good client looking to move up. No longer has a reason to own property in WI due to family circumstances. This is a good asset that you don't have to think about.
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COUNSELOR:
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Blake Allen, EMS, CCIM
Allen Realty
108 Canon Ave
Manitou Springs, CO 80829
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Phone: (719) 685-0707
Cell: (719) 684-4123
Fax:
(719) 685-0400
blakeallenrealty@gmail.com
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