If you have an investment property you’re thinking about selling, I bet you’d like to sell it for top dollar.
You can arrive at an asking price by evaluating the net operating income (NOI) of an investment property.
For every additional $1 you add to your NOI, you can sell your property for more, and there is multiplier effect!
For example,
If you own a 50,000 sq ft industrial building and you increase the NOI by $1.25 per sq ft, the NOI has increased by $62,500 per year.
At an 8.7% cap rate, the value of the property increased by over $718,000!
It takes time to negotiate leases and position your property to sell for top dollar.
If you have any commercial real estate questions or needs, let’s connect!
Emma McDaniel, CCIM
864-580-1131
emma@mcdanielandco.com
