vacancy: Mall-Oleums
- 01/29/09 10:22 AM
Remember when Malls were the place to go and for a while people avoided them because they were too crowded! Can you recall when the walkways of malls were filled with Bustling Kiosks and shiny model cars? Those days of successful franchises filling the spaces is long gone and malls are soon to be Ghost Malls in certain areas and demographics. (i.e. Rolling Acres Mall... What a Disaster...) For the last 20 years, the American consumer has carried the burden of the world on its broad shoulders. A heavy yoke, to be sure, but one that steroids made lighter; the steroid … (2 comments)
NOI stands for NET OPERATING INCOME. To get to NOI, you must first start with the Gross Income (rentals, laundry, etc) minus % for Vacancy which leaves the Adjusted Gross Income. Taking this number, you then apply the operating expenses (i.e. - Management, Maintenance, repairs, utilities, reserves, etc) which leaves you with your Net Operating Income. (i.e.-Income before Mortgage Debt) Below find a brief numerical example... GOI - $100,000 Vacancy - 10% - ($10,000) ADJ GOI - $90,000 OP EXP - ($45,000) NOI - $45,000 Now the rule of thumb throughout the industry (especially in Northeast Ohio) is … (1 comments)
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Commercial Investment Real Estate, Ohio, Summit County, Cuyahoga County, Apartments For Sale, Multi-Family, Retail
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Remember when Malls were the place to go and for a while people avoided them because they were too crowded!
;)
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