Master tenant income is projected at $1,168,500 for Year 2, with operations supported by a $2,000,000 trust-controlled reserve fund.
Ongoing fee rates
Asset Mgmt Fee (annual)0.40%the Purchase Price (i.e., $189,710)
Disposition Fee3.5%
Refinancing Fee2%Cash Redemption Fee
Asset Mgmt Fee (annual)
0.40%
of the Purchase Price (i.e., $189,710)
Master Tenant Income
$1,168,500
Property Mgmt Fee
Up
of to 5.0% of the monthly Gross Receipts
Disposition Fee
3.5%
Refinancing Fee
2%
Cash Redemption Fee
Strengths
- Portfolio is 100% occupied across four industrial tenants
- Year 2 base rent starts at $1,168,500 under master lease structure
Concerns
- Assets built between 1978 and 2001 may require ongoing maintenance
- Property management fee of up to 5.0% of monthly gross receipts