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How to value and underwrite commercial Real Estate? With special Guest Chris Powers - Acquisitions Anonymous Episode 133
Acquisitions Anonymous - #1 for business buying, selling and operating
The Airport Commerce Park in Houston, Texas
The acquisition of an airport commerce park in Houston, Texas. It's 17 quality class B multi-tenant industrial buildings totaling about 300,000 square feet and it's 95% occupied. The purchase price is $20 million and it projects at a 7.2% cap rate. If you were to invest $100, you could expect $7.23 a year of a return, which in an even top multiple, I guess would be like a 12 or 13 times EBITDA if you considered that $7 EBITDA,. real estate trades at a higher valuation.
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