(L.T. Invest) U.S. Offices Price USD/SF

Found out a great opportunity :
261 Office Lofts Miami, FL Best location, court order sale. Have to be sold by the end of the month.
Status:          Active
Price:              $6,500,000 Bldg. Size:          40,000 SF Cap Rate:          10.50% Property Type:          Office Building
This property offers a 10.50% EBITDA.
1) diversified risk with 261 small companies 2) Price per SF USD 162.50 3) Market value of best location in Miami FL : SF USD 450
Problem : Many office value in the U.S. (light construction) tends to be equal to 0 after 40-50 years.
BUT
great building value (NYC, Boston, SF, London, Paris, Roma) tends to grow centuries and centuries after construction. e.g. http://www.flickr.com/photos/deemaah/251438056 /
I cannot solve this key point. Do you have to present in your Financial Plan an Amortization to include a 0 value after 40-50 years ?
.... ....
Other interesting Opportunities :
Social Security Administration Miami, OK
We are pleased to announce for sale a 5,806 SF office building that is 100% leased to U.S. Social Security Administration. This asset is located in...
Status:          Active Price:              $917,000 Bldg. Size:          5,067 SF Cap Rate:          8.20% Property Type:          Office Building
Bank of America Building Miami, FL
Below Market Rents The lease Comp survey in Section 5 shows that the Leases in this building are at least $5 below Market and can be raised as soon...
Status:          Active Price:              $4,900,000 Bldg. Size:          31,716 SF Cap Rate:          8.00% Property Type:          Office Building
Kennedy Plaza Miami, FL
This is a four story 38,000 SF office building with approximately 117 parking spaces. The current tenant mix consists of small businesses with short...
Status:          Active Price:              $4,700,000 Bldg. Size:          37,564 SF Cap Rate:          7.00% Property Type:          Office Building
-------------------------------------- Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup.
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload

BeanSmart.com is a site by and for consumers of financial services and advice. We are not affiliated with any of the banks, financial services or software manufacturers discussed here. All logos and trade names are the property of their respective owners.

Tax and financial advice you come across on this site is freely given by your peers and professionals on their own time and out of the kindness of their hearts. We can guarantee neither accuracy of such advice nor its applicability for your situation. Simply put, you are fully responsible for the results of using information from this site in real life situations.