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.
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 ?
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