A developer has agreed to purchase a single tenant building of 250,000 sq. ft. It is NNN

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A developer has agreed to purchase a single tenant building of 250,000 sq. ft. It is NNN leased to a single tenant whose rent in year 1 is $25.00. The rent has a CPI adjustment feature and CPI is projected to start at 2% during year 1 and increase by 1% each year thereafter. The developer anticipates acquiring the building at a 6% cap rate and selling it at the end of year 5 based on Year 6's rental income capped at 7.50%

Posted Date: May 18, 2024 09:03 PM

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A developer has agreed to purchase a single tenant building of 250,000 sq. ft. It is NNN

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