I've listed 12,200 square feet of warehouse/retail space near Bozeman Montana, asking price is $1,120,000.00 USD. The owner will lease back the entire property for two years at a cap rate of 7.3% making this a low-risk and attractive offering for a 1031 exchanger or cash laden investor.
Hint: ask your clients where they've "Parked" their investment dollars during these tumultuous times. Often they'll say, "My bank and I'm getting a lousy 2% interest."
This property is comprised of seven commecial condominium units, brand new, equipped with radiant overhead heat, ADA compliant bathrooms, 18-foot sidewalls, 14-foot overhead doors, super insualtion package of R-38 in sidewalls and R-50 in the ceiling. High quality.
The seller is creative and motivated. He wants to remain in one unit for a minimum of three years and will act as a manager if needed. For the asking price of $1,120,000 he will deposit, at closing, $170,000.00 in an escrow account and each month the escrow agent will send your client a check for $7,083.00 every month for 24 months following closing. It's a genuine no-brainer.
I offer Active Rain participants a 30% referral fee or 3% cooperating agent commission for fully representing your client in the transaction.
Let's make it rain!