Eastport Distribution Center - Underwriting Model.xlsx

Underwriting Model · filed July 21, 2024 · deal: Eastport Distribution Center
Tab: Summary
Summary
Going-in cap rate (T-3 NOI / purchase price)5.12%Purchase CAP Rate
Tab: Returns
Returns
Exit, year 6: sale at a 5.37% cap rate$21,120,000Expected Sale Proceeds
Cash-on-cash by year: Y1 5.8%, Y2 6.1%, Y3 6.4%, Y4 6.8%, Y5 7.0%, Y6 7.3%Projected Returns - Yearly (1-10?)
Levered IRR11.2%Expected IRR - Hold
Equity multiple1.77xExpected Equity Multiple - Hold
Hold period6 years (exit 2030)Expected Hold
Tab: Debt
Debt
Rate typeFloatingLoan #1 - Floating or Fixed
Interest rateSOFR + 2.10% (6.79% all-in)Loan #1 - Rate
AmortizationI/O 36 months, then 30-year amortizationLoan #1 - I/O or Amortizing
Term10 yearsLoan #1 - Term
MaturityAugust 7, 2034Loan #1 - Maturity Date
Tab: Capex
Capex
Capital budget: Roof $302,000; total $302,000Budgeted Capex (by category)
On file

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Answers: UW

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