NCE National Council of Exchangors
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CONTROL: Exclusive VALUE: $1,100,000
    LOAN: $0
    EQUITY: $1,100,000
TITLE: WEST ALLIS, WI RETAIL CENTER
TYPE OF PROPERTY: Retail/Commercial
HAVE: 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.
WEBSITE ADDRESS:
PARCEL#:    
CITY, STATE: West Allis, WI COUNTY:
BENEFITS TO NEW OWNER: Income in place, upside on CAM and rents, mailbox money. Extra income from parking during the State Fair.
GROSS SCHEDULED INCOME: $146,000    Actual
VACANCY LOSS: $11,000
GROSS EFFECTIVE INCOME: $135,000
EXPENSES: $67,500
NOI: $67,500
DEBT SERVICE: $0
CASH FLOW: $67,500
CAP RATE: 6.14%
ENCUMBRANCES: BALANCE: PAYMENT: RATE: DUE: ASSUMABLE:
LOAN 1:      
LOAN 2:      
BENEFITS SOUGHT: Move up into more RV Parks or ministorage. A Buyer with this equity.
CAN ADD: KC KOA campground, Edgewood,NM RV Park, ABQ ministorage, signature.
REMARKS: 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.
COUNSELOR: Blake Allen, EMS, CCIM
Allen Realty
108 Canon Ave
Manitou Springs, CO 80829
Phone: (719) 685-0707
Cell: (719) 684-4123
Fax: (719) 685-0400
blakeallenrealty@gmail.com
 
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