- Regional acquisition in WA in December 2022.
- Purchase Price $1.4 M
- Purchased all 4 strata titled warehouse units.
- Net rent 143k with a yield of 10.2%
- 4 separate tenants with a total combined vacancy of ~ 1 month in the last 8 years.
- First year free cash flow of 83k based on borrowing $1M at 6%.
Acquisition Details
Purchase Details
Purchase Price
$1,400,000
Net Rent
$143,000
Net Yield
10.2%
Financing
Borrowing
71%
$1,000,000
Deposit
29%
$400,000
Acquisition Costs
5%
$70,000
Total Funds Required
$470,000
Free Cash Flow
Net Rent
$143,000
Interest Expense
6%
$60,000
Free Cash Flow
$83,000
Return on Cash Invested
17.7%
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