Staples Store – Huber Heights, Ohio

This property is 23,942 square foot retail store located in a shopping center in Huber Heights, Ohio. The property is leased to Staples, Inc. under a fifteen-year lease with four/five-year options. There are rent escalations with every option period. The property was purchased on a cap rate of 9.13%.

We secured a 70% mortgage at an interest rate of 8.125% amortized over 30 years. After deducting for management fees, principal and interest payments and all reserves, the cash-on-cash return is 7%. The effective rate of return is 11.41%.

See also: Shopping Center Management

Back To: Financial Management Group