TITLE:
OFFICE BUILDING AURORA, ILLINOIS
CONTROL:
Owner
VALUE:
$6,900,000
LOAN:
$4,137,204
EQUITY:
$2,762,796
TYPE:
Office Building
HAVE:
50,000 sq ft office building single story. 4 tenants 92% occupied. Beautiful and first class all the way. Tenants are billed for everything else so basically NNN.
ADDRESS:
2363 Sequoia Drive, Aurora, Illinois, Illinois
BENEFITS TO NEW OWNER:
Own a first class building with 94% occupancy most with national tenants with good credit. Management is in place. Loan is assumable with 1% fee. CMBS loan.
GROSS SCHEDULED INCOME:
$900,000 Actual
VACANCY LOSS:
$60,000
GROSS EFFECTIVE INCOME:
$840,000
EXPENSES:
$340,285
NOI:
$499,715
DEBT SERVICE:
$183,140
CASH FLOW:
$316,575
CAP RATE:
7.24%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$41,372,040
$24,834
4%
12/31/2029
Yes
BENEFITS SOUGHT:
Going bigger to create more cash flow. not interested unless my income gets bigger. I can add most things in my portfolio to income the equity to go up. Needs to be as solid as this one.
CAN ADD:
Other F & C properties and can do financing.
REMARKS:
Don't want any problem properties. I have a great one here that anyone would love to have.
COUNSELOR:
Howard McCall
Capital Realty
1524 Eubank, NE Suite 5
Albuquerque, New Mexico, 87112
