single tenant sale lease/backs and links to other single tenant sale lease/back property

SINGLE-TENANT INVESTMENT GRADES

single tenant sale lease/backs
and links to other
single tenant sale lease/back property

Did you know...
single tenant sale lease/backs in the retail sector experience fierce competition, shakeup, and consolidation of big name retailers.

single tenant sale lease/backs property # 1117
Single Tenant Sale Lease/Backs Tenant:     Dana Corporation

Capitalization Rate (CAP):     9.5%

Asking Price:     $3,307,000 (all cash or assume financing)

Net Operating Income (NOI):     $314,190 with 1% increase every year.

State Located:     OK

Lease Terms:     15 year primary term, commenced 9/15/96, with 3 five year options.

Size of Building:     108,016 sq. ft.

Size of Lot:     12.867 acres

Financing Obligations: $2,903,875 Note (Balance as of 2/29 - $2,655,821.07). 15 year amortization, 7.75% interest rate, no personal liability. This mortgage is set up whereby the monthly rental payments cover the total note payment for 15 years.

Additional Comments: Built in 1984. 12,000 office sq ft on 2 stories; reinforced concrete. 78,000 sq ft of warehouse/manufacturing. Total size is 90,400 sq ft plus 17,616 sq ft for a total of 108,016 sq ft. Construction is pre-engineered Vacro Pruden building, standing seam roof, 8' block wainscot surrounds building. Floor 6" reinforced concrete. 120 parking spaces. 3,000 amp service, 277/480V; lighting - 400WHPS 3 phase system from 45 KVA transformer - Fixtures 50' candles. Dock doors: 4 - 8' x 8' high dimensions. Grade level doors: 1 - 8' x 12' high dimensions. Ceiling clear height: 20 feet. Column spacing: 40' x 40'. 2 gas-fired air totation units, A/C offices; sprinklers - .20 GPM/2500 sq ft. Security fence. Truck scale.

Request for Package & Non-Exclusive Agreement: Buyers currently under agreement in our files, simply request more information. Buyers interested in the above single tenant sale lease/back property and not yet under previous agreement, please request our agreement.

Information contained herein has been obtained from sources that are deemed reliable. We have no reason to doubt the accuracy, however we do not guaranty it. This single tenant sale lease/backs property is offered subject to prior placement, withdrawal, cancellation, or other conditions without prior notice.