Buyer Needs $9-12M Single Tenant NNN Site

All,

I have a client selling a building in California that wants to replace it with:

 

·         Single tenant

·         Location:  Texas, ideally major Texas Cities/MSAs

o   Suburbs ok for strong credit tenant

·         NNN (no Landlord Responsibilities)-ideally—LL not responsible for Roof and Structure

·         Price: $9-$12M

·         Notes:

o   My client is selling a building in California. Has cash offer from Buyer, so we will have funds very soon to make this purchase. We plan to use $6M cash to leverage at 50% up to $12M.

o   We can close quickly.

·         Lease Term- Seeking sites with 10+ years remaining on term, but will consider lower term remaining for strong credit tenant.

 

 

Jim Young, CCIM, Broker

Longbow Real Estate Group

West Point ‘94

11701 Bee Caves Road, Ste 250

Austin, TX 78738

jim@longbowRE.com  @jimyoungCRE

512-565-7509

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-View My Buyer Criteria Here-