Two investors analyze a triple-net hangar and office lease deal. They review the property specs, note it missed its completion deadline, and calculate cap rates between 5.5% and 6.5% to estimate value and potential sale price.
Pretty much this is a very unique deal. It's just going to be more of a higher yield, or it's talking about a triple N hangar slash office lease. So it just runs over the numbers of it, talks about the square footage for the hangar, then also the offices, different door heights, zoning of it, when it was supposed to be completed, which was last year. I'm trying to see if it still seems to be under completion. And then it's just talking about what we could underwrite it for, the vacancy, the NOI, and then we keep going through the different cap rates that we can have for its adjusted value because they were selling it. Also look back to the price. I think I have to ask them.
We're gonna ask it, but I think it might have, it might have assumed it too.
Assumed between, I think, 5.5 to 6.5.
Right.
