Contact:Christopher AngeloCommercial SpecialistPhone : 8139600999Email : [email protected]
Westchase SurgeryCenter10901 Sheldon RdTampa, FL 33626
©Copyright 2011-2020 CRE Tech, Inc. All Rights Reserved.
TABLE OF CONTENTSTABLE OF CONTENTS
Page 1
PROPERTY INFO & DISCLAIMER
PROPERTY DESCRIPTION
PROPERTY PHOTOS
AERIAL & LOCATION REPORT
INVESTMENT ANALYSIS - 5 YEAR BEFORE TAX
2
3
4
9
11
©Copyright 2011-2020 CRE Tech, Inc. All Rights Reserved.
WESTCHASESURGERY CENTER
PROPERTYINFO:
PURCHASE PRICE:$4,300,000
PROPERTY ADDRESS:10901 SHELDON RDTAMPA, FL 33626
YEAR BUILT:2009
PROPERTY SIZE11,625 SQ. FT.
LAND SIZE3.00 ACRES
Page 2COMPANY DISCLAIMER©Copyright 2011-2020 CRE Tech, Inc. All Rights Reserved.
PROPERTY DESCRIPTIONPROPERTY DESCRIPTIONWestchase Surgery Center was built in 2009, constructed of masonry block andan asphalt & shingle roof. The building sits on over 3 acres and has great frontageon Sheldon Road, one of Tampa's busiest North/South roads. Building is 11,625rentable square feet and has a drive-thru for patient drop off and pick up.
In additional to the surgery center, this property also has over 2,000 SF of built-outmedical office space attached. The surgery center sits across the street from abusiness park filled with physicians, dentists, and other professionals. It is locateda block away from the subdivision of Westchase, the largest development ofregional impact in the Bay Area.
Westchase Surgery CenterTampa FL 33626
Page 3©Copyright 2011-2020 CRE Tech, Inc. All Rights Reserved.
PROPERTY PHOTOSPROPERTY PHOTOS
Page 4©Copyright 2011-2020 CRE Tech, Inc. All Rights Reserved.
PROPERTY PHOTOSPROPERTY PHOTOS
Page 5©Copyright 2011-2020 CRE Tech, Inc. All Rights Reserved.
PROPERTY PHOTOSPROPERTY PHOTOS
Page 6©Copyright 2011-2020 CRE Tech, Inc. All Rights Reserved.
PROPERTY PHOTOSPROPERTY PHOTOS
Page 7©Copyright 2011-2020 CRE Tech, Inc. All Rights Reserved.
PROPERTY PHOTOSPROPERTY PHOTOS
Page 8©Copyright 2011-2020 CRE Tech, Inc. All Rights Reserved.
Westchase Surgery Center10901 Sheldon Rd, Tampa, FL, 33626
WESTCHASE SURGERY CENTER10901 Sheldon Rd, Tampa, FL, 33626AERIAL ANNOTATION MAP
Page 9
© Copyright 2011- 2020 CRE Tech, Inc. All Rights Reserved.
Christopher Angelo,Commercial SpecialistPhone: 8139600999Email: [email protected] North Dale Mabry Highway Suite 107,Tampa FL 33618
Westchase Surgery Center10901 Sheldon Rd, Tampa, FL, 33626
WESTCHASE SURGERY CENTER10901 Sheldon Rd, Tampa, FL, 33626STREET VIEW MAP
Page 10
© Copyright 2011- 2020 CRE Tech, Inc. All Rights Reserved.
Christopher Angelo,Commercial SpecialistPhone: 8139600999Email: [email protected] North Dale Mabry Highway Suite 107,Tampa FL 33618
INITIAL INVESTMENTPurchase Price $4,300,000 + Acquisition Costs $86,000 - Mortgage(s) $3,225,000 + Loan Fees Points $16,125 Initial Investment $1,177,125
MORTGAGE DATA 1ST LIENLoan Amount $3,225,000 Interest Rate 4.000% Amortization Period 25 Years Periodic Payment $17,023 Annual Debt Service $204,273
CASH FLOW
For the Year EndingYear 1
Mar-2021Year 2
Mar-2022Year 3
Mar-2023Year 4
Mar-2024Year 5
Mar-2025POTENTIAL RENTAL INCOME (PRI) Base Rental Income $329,580 $340,529 $350,270 $361,895 $355,748 - Turnover Vacancy $0 $0 $2,443 $0 $30,869 - Rent Concessions $0 $0 $0 $0 $0 Total Base Rental Income $329,580 $340,529 $347,828 $361,895 $324,879 - General Vacancy / Credit Loss $0 $0 $0 $0 $0 EFFECTIVE RENTAL INCOME $329,580 $340,529 $347,828 $361,895 $324,879 + Tenant Expense Reimbursements $0 $0 $0 $0 $0 + Other Income $57,474 $58,623 $59,796 $60,992 $62,212 GROSS OPERATING INCOME (GOI) $387,054 $399,152 $407,624 $422,887 $387,091 - Operating Expenses $109,183 $111,366 $113,594 $115,866 $118,183 NET OPERATING INCOME (NOI) $277,871 $287,786 $294,030 $307,021 $268,908
NET OPERATING INCOME (NOI) $277,871 $287,786 $294,030 $307,021 $268,908 - Capital Expenses / Replacement Reserves $0 $0 $0 $0 $0 - Annual Debt Service 1st Lien $204,273 $204,273 $204,273 $204,273 $204,273 - Tenant Improvements (TI) $0 $0 $0 $0 $0 - Leasing Commissions (LC) $0 $0 $0 $0 $0 CASH FLOW BEFORE TAXES $73,598 $83,513 $89,757 $102,748 $64,635
Loan Balance $3,148,332 $3,068,540 $2,985,497 $2,899,071 $2,809,124 Loan-to-Value (LTV) - 1st Lien 71.12% 67.83% 63.21% 70.08% 87.02% Debt Service Coverage Ratio 1.36 1.41 1.44 1.50 1.32 Before Tax Cash on Cash 6.25% 7.09% 7.63% 8.73% 5.49%
SALES PROCEEDSProjected Sales Price (EOY 5) $3,228,000
Cost of Sale $161,400 Mortgage Balance 1st Lien $2,809,124
Sales Proceeds Before Tax $257,476
INVESTMENT PERFORMANCEInternal Rate of Return (IRR) N/A Acquisition CAP Rate 6.46% Year 1 Cash-on-Cash 6.25% Gross Rent Multiplier 13.05 Loan to Value 70.69% Debt Service Coverage Ratio 1.36
WESTCHASE SURGERY CENTER10901 Sheldon Rd, Tampa, FL, 336265-YEAR CASH FLOW ANALYSIS
Fiscal Year Beginning April 2020
Page 11
DISCLAIMER: Year 5 sales price based on estimated NOI in year 6. All information is based on estimated forecast and are intendedfor the purpose of example projections and analysis. The information presented herein is provided as is, without warranty of any
kind. nor CRE Tech, Inc. assume any liability for errors or omissions. This information is not intended to replace or serve assubstitute for any legal, investment, real estate or other professional advice, consultation or service.
© Copyright 2011- 2020 CRE Tech, Inc. All Rights Reserved.
Christopher Angelo,Commercial SpecialistPhone: 8139600999Email: [email protected] North Dale Mabry Highway Suite 107,Tampa FL 33618
Suite/Unit Tenant RentableArea(Sq. Ft.)
LeaseStart Date
LeaseEnd Date
Initial LeaseTerm
(Months)
CurrentMonthlyRate PerSq. Ft.
CurrentAnnual
Rate PerSq. Ft.
Current YearAnnual
Base Rent
ASC Westchase Surgery Center 9,579.00 Nov-19 Oct-24 60 $2.49 $29.89 $290,498 10903 Florida Pain Relief Group 2,046.00 Apr-20 Mar-22 24 $1.59 $19.10 $39,082
Total Amount 11,625.00 $329,580
WESTCHASE SURGERY CENTER10901 Sheldon Rd, Tampa, FL, 33626TENANT RENT ROLL
Fiscal Year Beginning April 2020
Page 12
DISCLAIMER: Year 5 sales price based on estimated NOI in year 6. All information is based on estimated forecast and are intendedfor the purpose of example projections and analysis. The information presented herein is provided as is, without warranty of any
kind. nor CRE Tech, Inc. assume any liability for errors or omissions. This information is not intended to replace or serve assubstitute for any legal, investment, real estate or other professional advice, consultation or service.
© Copyright 2011- 2020 CRE Tech, Inc. All Rights Reserved.
Christopher Angelo,Commercial SpecialistPhone: 8139600999Email: [email protected] North Dale Mabry Highway Suite 107,Tampa FL 33618
Tenant Occupancy Westchase Surgery Center (82.4%) Florida Pain Relief Group (17.6%)
WESTCHASE SURGERY CENTER10901 Sheldon Rd, Tampa, FL, 33626TENANT RENT ROLL
Fiscal Year Beginning April 2020
Page 13
DISCLAIMER: Year 5 sales price based on estimated NOI in year 6. All information is based on estimated forecast and are intendedfor the purpose of example projections and analysis. The information presented herein is provided as is, without warranty of any
kind. nor CRE Tech, Inc. assume any liability for errors or omissions. This information is not intended to replace or serve assubstitute for any legal, investment, real estate or other professional advice, consultation or service.
© Copyright 2011- 2020 CRE Tech, Inc. All Rights Reserved.
Christopher Angelo,Commercial SpecialistPhone: 8139600999Email: [email protected] North Dale Mabry Highway Suite 107,Tampa FL 33618
Rate Per Square Feet
Annualized Rate$0.00 $8.00 $16.00 $24.00 $32.00 $40.00
Suite
/Uni
t
ASC
10903
$29.89
$19.10
WESTCHASE SURGERY CENTER10901 Sheldon Rd, Tampa, FL, 33626TENANT RENT ROLL
Fiscal Year Beginning April 2020
Page 14
DISCLAIMER: Year 5 sales price based on estimated NOI in year 6. All information is based on estimated forecast and are intendedfor the purpose of example projections and analysis. The information presented herein is provided as is, without warranty of any
kind. nor CRE Tech, Inc. assume any liability for errors or omissions. This information is not intended to replace or serve assubstitute for any legal, investment, real estate or other professional advice, consultation or service.
© Copyright 2011- 2020 CRE Tech, Inc. All Rights Reserved.
Christopher Angelo,Commercial SpecialistPhone: 8139600999Email: [email protected] North Dale Mabry Highway Suite 107,Tampa FL 33618
For the Year Ending Year 1Mar-2021
Year 2Mar-2022
Year 3Mar-2023
Year 4Mar-2024
Year 5Mar-2025
ASC Westchase Surgery Center Base Rent $290,498 $300,665 $311,188 $322,080 $315,137 - Turnover Vacancy $0 $0 $0 $0 $30,869 - Rent Concessions $0 $0 $0 $0 $0
+ Tenant Exp Reimb. $0 $0 $0 $0 $0 Net Tenant Income $290,498 $300,665 $311,188 $322,080 $284,268 Tenant Improvements (TI) $0 $0 $0 $0 $0 Leasing Commission (LC) $0 $0 $0 $0 $0
For the Year Ending Year 1Mar-2021
Year 2Mar-2022
Year 3Mar-2023
Year 4Mar-2024
Year 5Mar-2025
10903 Florida Pain Relief Group Base Rent $39,082 $39,864 $39,082 $39,815 $40,611 - Turnover Vacancy $0 $0 $2,443 $0 $0 - Rent Concessions $0 $0 $0 $0 $0
+ Tenant Exp Reimb. $0 $0 $0 $0 $0 Net Tenant Income $39,082 $39,864 $36,640 $39,815 $40,611 Tenant Improvements (TI) $0 $0 $0 $0 $0 Leasing Commission (LC) $0 $0 $0 $0 $0
TOTAL Base Rent $329,580 $340,529 $350,270 $361,895 $355,748 -Turnover Vacancy $0 $0 $2,443 $0 $30,869 -Rent Concessions $0 $0 $0 $0 $0 + Tenant Exp Reimb. $0 $0 $0 $0 $0 Total Tenant Income $329,580 $340,529 $347,828 $361,895 $324,879 Tenant Improvements (TI) $0 $0 $0 $0 $0 Leasing Commission (LC) $0 $0 $0 $0 $0
WESTCHASE SURGERY CENTER10901 Sheldon Rd, Tampa, FL, 33626ANNUAL TENANT INCOME DETAIL
Fiscal Year Beginning April 2020
Page 15
DISCLAIMER: Year 5 sales price based on estimated NOI in year 6. All information is based on estimated forecast and are intendedfor the purpose of example projections and analysis. The information presented herein is provided as is, without warranty of any
kind. nor CRE Tech, Inc. assume any liability for errors or omissions. This information is not intended to replace or serve assubstitute for any legal, investment, real estate or other professional advice, consultation or service.
© Copyright 2011- 2020 CRE Tech, Inc. All Rights Reserved.
Christopher Angelo,Commercial SpecialistPhone: 8139600999Email: [email protected] North Dale Mabry Highway Suite 107,Tampa FL 33618
5-YEAR EQUITY YIELD & EFFECTIVE LOAN RATE
Unleveraged Investment
Cash Flow & 5-year YieldN $
0 ($4,386,000)
1 $277,871
2 $287,786
3 $294,030
4 $307,021
5 $3,335,508
+Financing Cash Flow
& Effective RateN $
0 $3,208,875
1 ($204,273)
2 ($204,273)
3 ($204,273)
4 ($204,273)
5 ($3,013,397)
=Equity Investment
Cash Flow & 5-year YieldN $
0 ($1,177,125)
1 $73,598
2 $83,513
3 $89,757
4 $102,748
5 $322,111
ASSUMPTION / INPUTSPurchase Price $4,300,000 Year 1 Potential Income $329,580 Vacancy & Credit Loss 0.00% Year 1 Expenses $109,183 Acquisition CAP Rate 6.46% Sale Price - CAP Rate 6.50%
Acquisition Costs 2.00% Annual Income Increase 0.00% Other Income Increase 2.00% Annual Expense Increase 2.00% Loan Fees Points 0.50% Cost of Sale upon Disposition 5.00%
Property IRR/Yield = 0.60% Effective Loan Rate = 4.07% Equity IRR/Yield = N/A
Negative Leverage. Leverage DECREASED the Yield by -0.60%
53%
28%
0%
19%
Cash Flow $ 73,598
Debt Service Expenses Cash FlowVacancy
-14.00
-3.00
0.00
8.00
CAP Rate Cash-on-Cash IRR
6.46 6.25
-13.37
Investment Performance (%)
WESTCHASE SURGERY CENTER10901 Sheldon Rd, Tampa, FL, 336265-YEAR CASH FLOW ANALYSIS
Fiscal Year Beginning April 2020
Page 16
DISCLAIMER: Year 5 sales price based on estimated NOI in year 6. All information is based on estimated forecast and are intendedfor the purpose of example projections and analysis. The information presented herein is provided as is, without warranty of any
kind. nor CRE Tech, Inc. assume any liability for errors or omissions. This information is not intended to replace or serve assubstitute for any legal, investment, real estate or other professional advice, consultation or service.
© Copyright 2011- 2020 CRE Tech, Inc. All Rights Reserved.
Christopher Angelo,Commercial SpecialistPhone: 8139600999Email: [email protected] North Dale Mabry Highway Suite 107,Tampa FL 33618
W A L E (Weighted Average Lease Expiry)
Suite/Unit TenantRentable
Area(Sq. Ft.)
LeaseEnd Date
Percentageof
TotalBuilding
RemainingLease
Term (Years)
WALE (Physical
Area)
RemainingNet Tenant
Income
WALE (Economic)
ASC Westchase SurgeryCenter
9,579.00 Oct-24 82.40 % 4.58 3.77 $1,416,092 4.30
10903 Florida Pain Relief Group 2,046.00 Mar-22 17.60 % 2.00 0.35 $78,946 0.24 Total Amount 11,625.00 100.00 % 4.12 $1,495,038 4.54
W A L E (Physical) W A L E (Economic)
4.124.54
WESTCHASE SURGERY CENTER10901 Sheldon Rd, Tampa, FL, 33626W A L E (WEIGHTED AVERAGE LEASE EXPIRY)
Fiscal Year Beginning April 2020
Page 17
DISCLAIMER: Year 5 sales price based on estimated NOI in year 6. All information is based on estimated forecast and are intendedfor the purpose of example projections and analysis. The information presented herein is provided as is, without warranty of any
kind. nor CRE Tech, Inc. assume any liability for errors or omissions. This information is not intended to replace or serve assubstitute for any legal, investment, real estate or other professional advice, consultation or service.
© Copyright 2011- 2020 CRE Tech, Inc. All Rights Reserved.
Christopher Angelo,Commercial SpecialistPhone: 8139600999Email: [email protected] North Dale Mabry Highway Suite 107,Tampa FL 33618
Weighted Average Lease Expiry by Tenant
0.50 1.00 1.50 2.00 2.50 3.00 3.50 4.00 4.50 5.20
Westchas...
Florida P...
3.77
0.35
4.3
0.24
W A L E (Physical)W A L E (Economic)
WESTCHASE SURGERY CENTER10901 Sheldon Rd, Tampa, FL, 33626W A L E (WEIGHTED AVERAGE LEASE EXPIRY)
Fiscal Year Beginning April 2020
Page 18
DISCLAIMER: Year 5 sales price based on estimated NOI in year 6. All information is based on estimated forecast and are intendedfor the purpose of example projections and analysis. The information presented herein is provided as is, without warranty of any
kind. nor CRE Tech, Inc. assume any liability for errors or omissions. This information is not intended to replace or serve assubstitute for any legal, investment, real estate or other professional advice, consultation or service.
© Copyright 2011- 2020 CRE Tech, Inc. All Rights Reserved.
Christopher Angelo,Commercial SpecialistPhone: 8139600999Email: [email protected] North Dale Mabry Highway Suite 107,Tampa FL 33618
$ 290,498 $ 0 $ 0 $ 290,498 $ 300,665 $ 0 $ 0 $ 300,665 $ 311,188 $ 0 $ 0 $ 311,188 $ 322,080 $ 0 $ 0 $ 322,080 $ 191,661 $ 0 $ 0 $ 191,661
Total $ 1,416,092 $ 0 $ 0 $ 1,416,092
$ 39,082 $ 0 $ 0 $ 39,082 $ 39,864 $ 0 $ 0 $ 39,864
Total $ 78,946 $ 0 $ 0 $ 78,946
$ 1,495,038 $ 0 $ 0 $ 1,495,038
$ 329,580 $ 0 $ 329,580
4.54
Acquisition Date: April 01, 2020
Suite # Tenant Name Lease Start Lease EndRemaining Term
Initial Lease
Renewal ProbabiltyUpon
Lease Expiration ASC Westchase Surgery Center 01-Nov-19 31-Oct-24 4 Years, 7 Months 75%
Lease Analysis Period
(Acquisition Date to LeaseExpiry)
Base Rent Rent Concessions
Total AnnualTenant
ExpenseReimbursement
Net Tenant Income
Apr 01, 2020 to Mar 31, 2021 Apr 01, 2021 to Mar 31, 2022 Apr 01, 2022 to Mar 31, 2023 Apr 01, 2023 to Mar 31, 2024 Apr 01, 2024 to Oct 01, 2024
Suite # Tenant Name Lease Start Lease EndRemaining Term
Initial Lease
Renewal ProbabiltyUpon
Lease Expiration 10903 Florida Pain Relief Group 01-Apr-20 31-Mar-22 2 Years, 0 Months 75%
Lease Analysis Period
(Acquisition Date to LeaseExpiry)
Base Rent Rent Concessions
Total AnnualTenant
ExpenseReimbursement
Net Tenant Income
Apr 01, 2020 to Mar 31, 2021 Apr 01, 2021 to Mar 01, 2022
TOTAL Initial Lease Income
Total Year 1 Base Rent Year 1 Tenant Exp Reimb. Total Year 1 Tenant Income Economic W A L E
WESTCHASE SURGERY CENTER10901 Sheldon Rd, Tampa, FL, 33626W A L E (WEIGHTED AVERAGE LEASE EXPIRY) LEASE DETAIL
Fiscal Year Beginning April 2020
Page 19
DISCLAIMER: Year 5 sales price based on estimated NOI in year 6. All information is based on estimated forecast and are intendedfor the purpose of example projections and analysis. The information presented herein is provided as is, without warranty of any
kind. nor CRE Tech, Inc. assume any liability for errors or omissions. This information is not intended to replace or serve assubstitute for any legal, investment, real estate or other professional advice, consultation or service.
© Copyright 2011- 2020 CRE Tech, Inc. All Rights Reserved.
Christopher Angelo,Commercial SpecialistPhone: 8139600999Email: [email protected] North Dale Mabry Highway Suite 107,Tampa FL 33618
Lease Sq. Ft. Expiring For the Year Ending
Year 1Mar-2021
Year 2Mar-2022
Year 3Mar-2023
Year 4Mar-2024
Year 5Mar-2025
ASC Westchase Surgery Center 9,579.00 10903 Florida Pain Relief Group 2,046.00
Total Square Feet Expiring 0 2,046 0 0 9,579 Percent of Building Total 0% 18% 0% 0% 82%
Lease Expiration Rollover Analysis
0
2,108
4,216
6,324
8,432
10,540
Year 1 Year 2 Year 3 Year 4 Year 5
0
2,046
0 0
9,579
WESTCHASE SURGERY CENTER10901 Sheldon Rd, Tampa, FL, 33626LEASE EXPIRATION ROLLOVER ANALYSIS
Fiscal Year Beginning April 2020
Page 20
DISCLAIMER: Year 5 sales price based on estimated NOI in year 6. All information is based on estimated forecast and are intendedfor the purpose of example projections and analysis. The information presented herein is provided as is, without warranty of any
kind. nor CRE Tech, Inc. assume any liability for errors or omissions. This information is not intended to replace or serve assubstitute for any legal, investment, real estate or other professional advice, consultation or service.
© Copyright 2011- 2020 CRE Tech, Inc. All Rights Reserved.
Christopher Angelo,Commercial SpecialistPhone: 8139600999Email: [email protected] North Dale Mabry Highway Suite 107,Tampa FL 33618
Annual GOI, Expense and NOI Percent Change
Expense Ratio % of GOI
-13.00%
-10.00%
-5.00%
0.00%
6.00%
Year 1 Year 2 Year 3 Year 4 Year 5
GOI Change Expense Change NOI Change
Year 1 Year 2 Year 3 Year 4 Year 5$0
$100,000
$200,000
$300,000
$400,000
$500,000
25.0%
27.2%
29.4%
31.6%
33.8%
36.0%
28.2% 27.9% 27.9%27.4%
30.5%
GOI Expenses Expense Ratio
WESTCHASE SURGERY CENTER10901 Sheldon Rd, Tampa, FL, 33626ANNUAL GOI, EXPENSE AND NOI PERCENT CHANGE, EXPENSE RATIO % OF GOI
Fiscal Year Beginning April 2020
Page 21
DISCLAIMER: Year 5 sales price based on estimated NOI in year 6. All information is based on estimated forecast and are intendedfor the purpose of example projections and analysis. The information presented herein is provided as is, without warranty of any
kind. nor CRE Tech, Inc. assume any liability for errors or omissions. This information is not intended to replace or serve assubstitute for any legal, investment, real estate or other professional advice, consultation or service.
© Copyright 2011- 2020 CRE Tech, Inc. All Rights Reserved.
Christopher Angelo,Commercial SpecialistPhone: 8139600999Email: [email protected] North Dale Mabry Highway Suite 107,Tampa FL 33618
Year Year 1 Year 2 Year 3 Year 4 Year 5Before Tax Cash on Cash Return 6.25% 7.09% 7.63% 8.73% 5.49%
Annual Cash-on-Cash Dividend Return
0.00%
2.00%
4.00%
6.00%
8.00%
10.00%
1 2 3 4 5
Before Tax Cash on Cash Retum
WESTCHASE SURGERY CENTER10901 Sheldon Rd, Tampa, FL, 33626CASH-ON-CASH ANALYSIS
Fiscal Year Beginning April 2020
Page 22
DISCLAIMER: Year 5 sales price based on estimated NOI in year 6. All information is based on estimated forecast and are intendedfor the purpose of example projections and analysis. The information presented herein is provided as is, without warranty of any
kind. nor CRE Tech, Inc. assume any liability for errors or omissions. This information is not intended to replace or serve assubstitute for any legal, investment, real estate or other professional advice, consultation or service.
© Copyright 2011- 2020 CRE Tech, Inc. All Rights Reserved.
Christopher Angelo,Commercial SpecialistPhone: 8139600999Email: [email protected] North Dale Mabry Highway Suite 107,Tampa FL 33618
Before Tax Optimal Holding Period 3 Years Before Tax Optimal Hold Annual Yield 14.87%
Year of Sale Year 1 Year 2 Year 3 Year 4 Year 5Before Tax EQUITY Yield (IRR) N/A 8.78% 14.87% 4.48% N/A
Optimal Holding Period by Annual Equity Yield (IRR)
0.00%
3.00%
6.00%
9.00%
12.00%
15.00%
18.00%
Holding Period/Year of Sale
1 2 3 4 5
0.00%
8.78%
14.87%
4.48%
0.00%
Before Tax EQUITY Yield (IRR)
WESTCHASE SURGERY CENTER10901 Sheldon Rd, Tampa, FL, 33626OPTIMAL HOLDING PERIOD ANALYSIS
Fiscal Year Beginning April 2020
Page 23
DISCLAIMER: Year 5 sales price based on estimated NOI in year 6. All information is based on estimated forecast and are intendedfor the purpose of example projections and analysis. The information presented herein is provided as is, without warranty of any
kind. nor CRE Tech, Inc. assume any liability for errors or omissions. This information is not intended to replace or serve assubstitute for any legal, investment, real estate or other professional advice, consultation or service.
© Copyright 2011- 2020 CRE Tech, Inc. All Rights Reserved.
Christopher Angelo,Commercial SpecialistPhone: 8139600999Email: [email protected] North Dale Mabry Highway Suite 107,Tampa FL 33618
Year of Sale Year 1 Year 2 Year 3 Year 4 Year 5Before Tax NPV @ 8.00% Discount Rate $1,047,144 $1,193,638 $1,402,820 $1,044,394 $505,743
Before Tax Discount Rate 8.00% Before Tax Optimal Holding Period 3 Year
Optimal Holding Period by NPV Method
$0
$308,622
$617,244
$925,866
$1,234,488
$1,543,110
Year 1 Year 2 Year 3 Year 4 Year 5
Before Tax NPV
WESTCHASE SURGERY CENTER10901 Sheldon Rd, Tampa, FL, 33626OPTIMAL HOLDING PERIOD BY DISCOUNTED CASH FLOW METHOD (NPV)
Fiscal Year Beginning April 2020
Page 24
DISCLAIMER: Year 5 sales price based on estimated NOI in year 6. All information is based on estimated forecast and are intendedfor the purpose of example projections and analysis. The information presented herein is provided as is, without warranty of any
kind. nor CRE Tech, Inc. assume any liability for errors or omissions. This information is not intended to replace or serve assubstitute for any legal, investment, real estate or other professional advice, consultation or service.
© Copyright 2011- 2020 CRE Tech, Inc. All Rights Reserved.
Christopher Angelo,Commercial SpecialistPhone: 8139600999Email: [email protected] North Dale Mabry Highway Suite 107,Tampa FL 33618
Year of Sale Year 1 Year 2 Year 3 Year 4 Year 5Property Yield (IRR) Before Tax 2.22% 5.47% 7.24% 4.20% 0.60% Effective Cost of Borrowed Funds 4.48% 4.22% 4.14% 4.10% 4.07% Equity Yield (IRR) Before Tax N/A 8.78% 14.87% 4.48% N/A
Impact of Leverage on Yield ↓ 2.22% ↑ 3.31% ↑ 7.63% ↑ 0.28% ↓ 0.60%
Impact of Leverage Analysis (Before Tax)
0.00%
4.00%
8.00%
12.00%
16.00%
20.00%
Holding Period/Year of Sale1 2 3 4 5
2.22
%
5.47
% 7.24
%
4.20
%
0.60
%
4.48
%
4.22
%
4.14
%
4.10
%
4.07
%
0.00
%
8.78
%
14.8
7%
4.48
%
0.00
%
Property Yield (IRR) Before Tax Effective Cost of Borrowed FundsEquity Yield (IRR) Before Tax
WESTCHASE SURGERY CENTER10901 Sheldon Rd, Tampa, FL, 33626IMPACT OF LEVERAGE ANALYSIS
Fiscal Year Beginning April 2020
Page 25
DISCLAIMER: Year 5 sales price based on estimated NOI in year 6. All information is based on estimated forecast and are intendedfor the purpose of example projections and analysis. The information presented herein is provided as is, without warranty of any
kind. nor CRE Tech, Inc. assume any liability for errors or omissions. This information is not intended to replace or serve assubstitute for any legal, investment, real estate or other professional advice, consultation or service.
© Copyright 2011- 2020 CRE Tech, Inc. All Rights Reserved.
Christopher Angelo,Commercial SpecialistPhone: 8139600999Email: [email protected] North Dale Mabry Highway Suite 107,Tampa FL 33618
8139600999
11406 North Dale Mabry Highway Suite 107, Tampa, FL, 33618
CHRISTOPHER ANGELO,COMMERCIAL SPECIALIST
©Copyright 2011-2020 CRE Tech, Inc. All Rights Reserved.