TITLE:
NNN 4500sqft daycare building on 3 acres of land
CONTROL:
Owner
VALUE:
$525,000
LOAN:
$115,000
EQUITY:
$410,000
TYPE:
Retail/Commercial
HAVE:
Operational Daycare facility on 3 acres with additional development potential. NNN lease(major roof excluded) good through July 2030. Very well established tenant with personal guarantee in place. Operator has 3 other locations throughout New Mexico.
ADDRESS:
9 Rocky Road, Edgewood, New Mexico
BENEFITS TO NEW OWNER:
Mailbox money. Easy to self manage(NNN) if you don't want to pay for a manager. New 5 year lease just executed. Daycare operator has great history with 3 other locations. Personal guarantee on the lease.
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.jpg "NNN 4500sqft daycare building on 3 acres of land")
.jpg "NNN 4500sqft daycare building on 3 acres of land")
GROSS SCHEDULED INCOME:
$39,600 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$39,600
EXPENSES:
$3,960
NOI:
$35,640
DEBT SERVICE:
$6,992
CASH FLOW:
$28,648
CAP RATE:
6.79%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$115,000
$583
4%
02/01/2033
No
BENEFITS SOUGHT:
Project property. Value add property. 1031 treatment into a new asset. I'm a buyer with this property.
CAN ADD:
Single family homes free and clear throughout New Mexico. Cash. Can deliver free and clear.
REMARKS:
I am a buyer with this property. Not listed anywhere but NCE. I will use this property to buy something across, down or up. Good signature to go up to $1M. New lease starts 8/1. Months 1-12: $2,500 Months 13-24: $3,000 Months 25-48: $3,500 49-60: $4,000.
COUNSELOR:
Brandon Sanchez
The Sanchez Group
PO Box 1781
Moriarty, New Mexico, 87035
