A 5 box (unit), triple net leased retail strip is for sale on Barrett Parkway for $2,250,000 ($300/ SF). Using the financials below what is the NOI, Cash Flow, and Asking Cap Rate? If you want a 10% return on your money what is the maximum you can pay for the center? Show your work.

Basic Financial Information:

#5 boxes each 1,500 sf leased at $25/ sf, NNN

Taxes - $15,000/ yr. Capital Improvements $8,000/ yr.

Insurance - $3,000/ yr. General & Admin - $2,400

Amortization $1,000/ yr. Management 3% of Effective Gross

Vacancy/ Credit Loss 0% Landscape $5,000/ yr.

Maintenance $10,000/ yr. Depreciation - $25,000/ yr.

Pest Control - $1,200/ yr. Other Income - $0/yr.

Common Utilities - $6,000/ yr. Vacancy 0%

Loan All Cash deal