 |
 |
These three retail centers are located in the gulf coast region
and cater to the local tenants in the area. The total sales price
is $11,200,000 or $183 per SF. A break down of the investment summary
is listed below, or it can be downloaded in the Combined
Property Summary (PDF 211kb).
| SQ. FOOTAGE |
28,800 |
20,100 |
12,000 |
60,900 |
| CURRENT NOI |
$352,866 |
$197,350 |
$158,460 |
$708,675 |
| CURRENT CAP RATE |
6.1% |
7% |
6.4% |
6.5% (AVG) |
| STABILIZED NOI |
$505,485 |
$240,250 |
$222,338 |
$815,484
(Using current NOI
for Wolf Bay) |
| STABILIZED CAP RATE |
8.7% |
8.6%* |
8.6%* |
7.76%
(With Master Lease) |
| SALES PRICE |
$5,800,000
$6,000,000** |
$2,800,000 |
$2,600,000 |
$11,200,000 |
The information contained herein is from other sources believed to
be reliable. No
independent investigation of the property or the information contained
herein has been made, and no representation is made as to the
accuracy or completeness thereof. Properties are subject to prior
sale, withdrawal and other sales or rental conditions. Terms are subject
to errors, omissions and change without notice.
Wolf Bay Shopping Center is located in the "Go
Zone" area designated by the federal government to help revitalize
the areas most affected by hurricane Katrina. This property will
qualify for an accelerated depreciation of 50% for the first year.
This could equate to a first year depreciation value of $1,800,000
and assuming a 42% tax bracket a tax savings of over $800,000 the
first year. For more information please consult your tax advisor.
|
Home