Up to 80% Owner Financing – Florida Multifamily NNN Lease 7% Cap

Property Type: Multi-family Aparment Complex (Resort Employee Housing) Price: $11,500,000 Cap:   7% Lease term: 23 years Lease commencement: March 5, 2005 Lease type: NNN – no landlord responsibilities New construction …

Property Type: Multi-family Aparment Complex (Resort Employee Housing)

Price: $11,500,000
Cap:   7%
Lease term: 23 years
Lease commencement: March 5, 2005
Lease type: NNN – no landlord responsibilities
New construction – 2005
Guarantor: Fortress Investment Group (FIG – NYSE)
Sq. footage: 114,304
Seller financing: Up to 80%. 8 year balloon – 30Yr. Amortization – 7% interest.
 
This is an exclusive listing and brokers are protected.  Feel free to contact us to receive the executive summary.
 

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Best regards,

Travis L. McKee
TLM Investments LLc
(248) 322-1009 office
(928) 396-1009 fax

 

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