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REE.com - where the real estate investor market is always hot. With real estate credit virtually non-existent, facilitating a direct 1031 exchange between property owners is a great alternative. REE.com is the oldest, most trusted, and fastest-growing online exchange website for the trading or property swap of commercial real estate properties.


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I am interested in the below property. Send them my property page Send Property
 Morgen Square Retail/Office Complex

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Property Type:  Commercial - Retail
Last Updated:  10/22/2016 3:50:46 AM EST
Property # 37356
Location:  Yankton, South Dakota 57078 USA
View Address On Mapquest
           
Value: 
Loans: 
Equity: 
$4,000,000
$0
$4,000,000


Property Description:
Centrally located Mixed Retail/office complex with 98% occupancy and having leases in place that run from anywhere to 2-10 years out. Highly visible on main arterial street in well located thriving community in Southeastern South Dakota.
Benefits to New Owner:
Steady return on investment with opportunity for increased revenue growth. http://www.crelisting.net/D9L4ua74Q

 Lease Information
No information found.

 Annual Income & Expense
 Per/Year % of G.I. Projected/Year
Gross Schedule Income $451,668100%
Less Vacancy (-) $00%
Other Income (+) $00%
Gross Operating Income $451,668100%
Operating Expenses (-) $146,73532%
Net Operating Income (=) $304,93368%
Loan Payments (-) $00%
CASH FLOW (=) $304,93368%
Capitalization Rate 7.62% 0.00%
Lot Size 4.5 Acres
Zoning Commercial
Yr. Built 2005

Additional Income & Expense Comments
Some of the income is guaranteed by the City from Tax Increment Financing due to the seller's capital commitment at commencement.

 Loans
No information found.

Loan Comments
NO loan

 Additional Information Available Upon Request
No Appraisal available at this time
Maps: Area & Plat
Photographs
APOD & Financial Data
Financial Statements
Other: Rent Roll

 Can Adds
No Can Add information found.

Click to view Other parties that may want what you have based on a computer match from the property records data

 Owner's Profile
Occupation  Retiring   Name  Please Sign In or Register to view owner information.

Why Owner No Longer Wishes to Own This Property
Reduce time and management of property

Owner Comments and Benefits desired from Exchange
Looking to eventually cash out.

 Will Consider Exchanging For
Land: Commercial, Farm / Ranch
Personal Property: Cash, Notes / Paper

U.S. Locations
Map
States/Regions: California

Regions: 'WEST', 'SOUTHWEST', 'MIDWEST'

Owner Will Exchange for Additional Comments
Owner may sell on installment with acceptable down payment.

 Property Represented By

Click Here to contact the Owner or Agent representing this property.

REE.com Inc. has not verified the above property information and therefore does not guarantee or warranty any information contained herein. It is your responsibility to seek independent assistance for legal, tax, financial and physical inspections. All information submitted is subject to errors, omissions, change of price/value, withdrawal and to any special listing conditions imposed by the principals.

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