@Jeremy Jackson I buy the same churchill area cash for under 25 then rehab up to maximize rent and acquire higher than
average tenants there.
Not exact matches
Assuming
there will be above -
average performing buildings available, property values of the most energy inefficient comparables will plummet, once the most efficient buildings are labeled; while those with the poorest air quality ratings will theoretically lose
tenant interest, slowly driving down rent and perhaps property value.
Tenants there pay
average annual occupancy costs of $ 64.70 per square foot.
The expectation is that even if
there is a dip in the economy, Simon's properties will still be very attractive to the
average retail
tenant.
However, in today's volatile economic times with the
average tenant spending a significant portion of their disposable income on rent,
there are more defaults than ever.
The electric bill
averaged $ 420 / month the last time
there were
tenants there, so this is a huge cost to eat.