Thanks for the link, but I want to get out of residential rental, someone else can have that fun now - here is one of the commercial properties I got sent some info on - know anything about it?
ONE VA L L E Y V I E W P L A C E
2350 Valley View Lane • Farmers Branch, Texas 75234
OVERVIEW
• Six-story concrete and
glass tower located near
LBJ Freeway, Interstate
Highway 35 and DFW
International Airport
• Long-term lease from
June 2005 through
May 2015
• Standard and Poors rated
B+ tenant
• Embedded rent growth
providing capital
appreciation potential
• Well-constructed,
professionally maintained,
and newly updated
F I N A N C I A L
Equity Minimum : $250,000
Loan to Value : 50%
Cap Rate : 7.50%
Cap Rate After Reserves :
7.25%
Year 1 Yield Before Reserves
of 9.13%
Year 1 Yield
After Reserves of 7.125%,
grows to 7.5% in Year 10
Scheduled rent increases
averages 0.5% Annually
Income, Including
Reimbursements, Increase
1.5% Annually
S P E C I F I C AT I O N S
• 98,701 rentable
square feet
• 100% occupied by single,
national credit tenant
• Land size 3.83 acres
• 15,879 S.F. floor plates
• Six-story, Class B office
• Constructed in 1982,
renovated in 2005
• Major capital
improvements included
new roof and HVAC |
