TITLE:
Reagan Advertising Billboard in Austin, TX
CONTROL:
Partner
VALUE:
$400,000
LOAN:
$0
EQUITY:
$400,000
TYPE:
Other
HAVE:
Long term, 20+ year lease to Reagan Advertising. Owner, as rent gets 25% of gross revenue of Reagan's sales on this highway frontage billboard. There is a moratorium in Austin for new billboard licenses making this even more valuable.
ADDRESS:
7811 Clocktower Dr., Austin, Texas
BENEFITS TO NEW OWNER:
Bring all offers! Will trade into your deal. Will trade for tax credits. Or sell at a strong discount, cash with quick close.
GROSS SCHEDULED INCOME:
$30,000 Projected
VACANCY LOSS:
$5,000
GROSS EFFECTIVE INCOME:
$25,000
EXPENSES:
$4,661
NOI:
$20,339
DEBT SERVICE:
$0
CASH FLOW:
$20,339
CAP RATE:
5.08%
BENEFITS SOUGHT:
Move on, activate equity and harvest tax loss.
CAN ADD:
Signature and some cash
REMARKS:
Historically strong performing billboard. Revenue delicned during highway construction and is now climbing back up.
COUNSELOR:
Jason Mittman
Only Epic Holdings
316 Iowa Drive
Golden, Colorado, 80403
