Executive Office Suites
- Listing Id: 9784
- Broker Name: Ray Boreham, CBI
- Category: Hotels and Motels
- Asking Price: $750,000.00
- EBITDA: $49,023.00
- Real Estate: $699,000.00
- Cash Flow: $140,000.00
- Inventory: $2,000.00
- No. Of Full-Time Employees: N/A
- No. Of Part-Time Employees: N/A
- Gross Income: $192,000.00
- FF&E: $30,000.00
- Year Built: N/A
- Address: Click Here
- Zip Code: Click Here
- City: Woodstock
- State: GA
- Country: United States
- Tenancy: Single
- Occupancy: N/A
- Lot Size: N/A
- Available: Yes
Description
Located in Woodstock, GA with fully built out support rooms and great finishes. The building is executive office suites with computer network and internet access. They just recently started offering and promoting virtual office services. The seller is motivated as he needs to concentrate on another one of his successful businesses that is in a strong growth mode and needs his full attention.. He, therefore, just dropped the price by $100,000. Therefore based on historical numbers the cap rate would be 13 at the new price and based on current tenancy going forward the cap rate would be 21 or if as an absentee owner the cap rate would be 17. This is a fabulous opportunity for someone to be either an onsight manager or absentee owner with an employee manager to realize a good income while building real estate equity with mortgage payments covered by the income with a further income to pocket. This would qualify for a bank loan or with a larger down payment the seller would do some seller financing.
Financial Summary
N/A
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