Wyoming Hard Money Deal - Active

780

1 deal

No

Gillette

Wyoming

$2,875,000

$65,000

Commercial building with various professional and retail in the heart of Gillette WY on the busiest street in town next to Starbucks and McDonalds. Building has always had a great rental history and is well maintained. Current owners are not professional investors and would like to sell to expand their physical therapy clinics. They are willing to hold back 20% of the loan if needed. I am trying to avoid syndication on this property and have 6 years as an investor, property manager and do most of my own maintenance. I have also been a realtor for the last 2 years full time. Looking at any and all options that could work to acquire this property whether it's a low interest 30yr. 100%, Low interest 30yr 80% where I can pay off current owners in about 5 years, an interest only loan that I can pay the owners 20% off and refinance, etc... The property is currently fully rented and producing $25,100/mo in income. Annual expenses for the property including taxes and insurance are around $80,000. There are opportunities to reduce expenses by going to NNN leases, add vending machines, and possibly add to the building vertically. I plan to hold the building long term (15years) as an anchor for smaller investments as to grow and 1031 exchange. For More details of the building or questions please email me at