Jun 11 (edited) • Deal Analysis
Roast My Ground Up Deal
i put 6 build-able acres under agreement (subject to me getting the project permitted )in the Boston Suburban market for $1.2 Million.
I'm looking to build 50,000 SF of Shallow Bay Flex Space in 4 buildings (for a total of 29 units at 1,750 sf each)
Below is a summary of the Sources and Uses - a total Cost of $12million all in. and Expected NOI / Cash Flow - about $1 million stabilized NOI after 24 months for a 8.3% Return on Cost.
More detail is in the attached PDF
I like the economics - WOULD YOU DO THIS DEAL
Are my assumptions realistic?
Am I missing anything?
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Roast My Ground Up Deal
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