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Youngkin owns a building for its operations and uses only half of the building and is considering two options for the space not used. Ramsey
Youngkin owns a building for its operations and uses only half of the building and is considering two options for the space not used. Ramsey would like to purchase the half of the building that is not being used for $275,000. A 4% commission would have to be paid by Ramsey at the time of purchase. McGee would like to lease the half of the building for the next 5 years at $50,000 each year. If Youngkin chooses to lease to McGee, they would have to continue paying $7,500 of property taxes each year and $1,000 of yearly insurance on the property, according to the proposed lease agreement
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