Amazing Office Building for pennies on the dollar!
Buy $1.3, renovation cost is $1,300,000., closing cost 26K, marketing $200K, Carry cost $322K total cost $3,148,500.00
Gross area sqft 67344, gross rent $15.00 a foot, Gross rent $967,500., Expenses $322,500., NOI $499,875.00
Sell this at a 10% cap rate and List it at $4,998,750.00
Profit $1,850,250.00 Your Return on Investment is 59%!
Earn 1 Million Dollars, we can send financials to you.
West Land Parcels: 3.55± Acres (154,638± SF) & 3.69± Acres (160,739± SF)
Zoning: Planned Unit Development (PUD 2003-1420): Offi ce building, movie complex, 75 room hotel, restaurants, entertainment facility and other retail uses