17% Occupied/83% Vacant - Opportunity to add value through lease up
9.96% Proforma Yield - Factors in stabilization costs of $870,000 ($20/SF) and a 10% vacancy factor
$7,980,000 Proforma Exit Value - Conservatively assumes exit cap rate of 6.70%
41% Return-on-Investment - Assumes 5.0% cost of sale and a total capital investment of $5,370,000 ($4,500,000 purchase price + $870,000 stabilization costs)
Vacancy Includes ±15,000 SF Junior Anchor Box - Space includes two bay doors/loading docks, brand new roof, and an ADA ramp. Approximately 42% of the overall vacancy would be filled by leasing this space.
Anchored by Stater Bros (NAP) - Stater's has operated at this location since 1975
