Question
6 Different properties. Starting bids: 1st property: $2,000,000 2nd property: $1,500,000 3rd Property: $800,000 4th Property: $400,000 5th Property: $300,000 6th property: $150,000 Assume 8%
6 Different properties.
Starting bids:
1st property: $2,000,000
2nd property: $1,500,000
3rd Property: $800,000
4th Property: $400,000
5th Property: $300,000
6th property: $150,000
Assume 8% desired cap rate and NNN.
What amount of rent to support starting bid for each property?
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The Ascendancy Of Finance
Authors: Joseph Vogl, Simon Garnett
1st Edition
1509509305, 978-1509509300
