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Yesterday — 97.5% occupancy rate. About 70% of the property is rented for 8 to 10 years for good tenants and excellent anchors. NOI over $2m. Size is 187,770sf.
Recently signed a new 10-year agreement with major company
He has an existing loan on the property of $18 million under good conditions.
Yesterday — 2 deals: Portfolio of 10 shopping centers:
Location: Ohio, Michigan and Indiana
Size: 1.3 million square feet
Cap rate: 9% and I believe we can also reach 10% or more in negotiations
Average Occupancy: 73%
Profit: $ 5,243,000 noi
Price: $ 58.2 million
shoping center of outlet stores...
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