TITLE:
Great 1031 Exchange Property
CONTROL:
Exclusive
VALUE:
$2,100,000
LOAN:
$1,600,000
EQUITY:
$500,000
TYPE:
Other
ADDRESS:
3344 Chase St., Wheat Ridge, Colorado
BENEFITS TO NEW OWNER:
Leased to an established sober living operator with 13 locations, this property offers $144,000 in gross income and a 6.56% CAP rate, backed by a 7-year lease with 3% annual escalations and a 5-year renewal option.
OTHER FILES:
GROSS SCHEDULED INCOME:
$144,000 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$144,000
EXPENSES:
$6,180
NOI:
$137,820
DEBT SERVICE:
$0
CASH FLOW:
$137,820
CAP RATE:
6.56%
BENEFITS SOUGHT:
Move on to next deal.
REMARKS:
Leased to an established sober living operator with 13 similar locations, this property offers a secure, long-term investment. The 7-year lease includes a 5-year renewal option and 3% annual rent escalations beginning in year four.
COUNSELOR:
Angelo Mora
Caruso Realty LLC
9998 Montgomery Blvd. NE Suite C
Albuquerque, New Mexico, 87111
