Retail Commercial Property Henderson For Sale
REO $2,095,000.00
Property Description
The subject is a PORTFOLIO sale of 5 multi-family buildings with a total of 74 units. Please see the following description page for more information.
Location Description
This is a PORTFOLIO SALE, all buildings MUST be purchased together. Please see property description for general information. Financial numbers represented are annualized figures for the entire portfolio. Individual financial are available upon request.
contact me at 877-239-7831 x 111
Pro Forma CAP 8.67 %
Pro Forma GRM 4.21
Price Per S.F. $40
Price Per Unit $28,311
Expenses Per S.F. $5
Land Acres 2.42
No. of Buildings 5
Building S.F. 52,870
Total Units 74
Estimated Annualized Operating Data Estimated Annualized Expenses
Scheduled Income $473,892
Other Income $23,695
Less Vacancy $74,635
Gross Operating Income $422,952
Less Expenses $241,365
Net Operating Income $181,587
Less Loan Payment
Pre-Tax Cash Flow $181,587
Cash on Cash Return
Projected Taxes $24,705
Off-Site Management $19,200
On-Site Management $30,000
Electricity $21,716
Gas $818
Water $20,374
Trash $2,710
Maintenance $42,976
Repairs $20,000
Advertising $5,000
Administration $4,918
Payroll / Benefits $48,948
Total Expenses $241,365
Expenses Per S.F. $4.57
[ Edited by cdnsi on Date 02/27/2011 ]
[ Edited by cdnsi on Date 02/27/2011 ]
All well and good but how about ACTUAL numbers rather than proforma.
The expenses may be reasonable, but the income? In Vegas? Do you have proof of all the income numbers as in audited financial statements, copies of bank statement showing the income coming in, etc?
I can put you in touch with the board, I will send a PM to all that are interested in The Henderson Portfolio