Propflow

36628 Lake Road, Port Cruzville, WY

Today

Finalize lease agreement for
due in in about 1 hour
Suggested changes: - Approximately 10,000 square feet of office space on the 5th floor. - Lease Term: 5 years with an option to renew for an additional 5 years.
Review and approve the final version of the LOI
due in in about 3 hours
Changes from the previous version: 1. Commencement Date: August 1, 2024. 2. Base Rent: $49 per square foot per year, with 2% annual escalations.
Prepare a comparative market analysis report
due in in about 5 hours
Changes from the last version: 1. Approximately 12,000 square feet of office space on the 4th floor instead of two separate places. 2. Security Deposit: 2 months down to 1 month. 3. Parking: 7 instead of 12 free parking spots.
Follow up on acquisition interest
due in in about 6 hours
1. Lease Term: 4 years with an option to renew for an additional 4 years. 2. Base Rent: $50 per square foot per year, with 2.5% annual escalations. 4. Parking: Tenant to receive 6 reserved parking spaces at a discounted rate.

Tomorrow

Review and approve the final version of the offer
due in in about 7 hours
Changes from the previous version: 1. Commencement Date: August 1, 2024. 2. Base Rent: $49 per square foot per year, with 2% annual escalations.
Acquisition pro forma
due in in about 9 hours
Changes from the last version: 1. Approximately 12,000 square feet of office space on the 4th floor instead of two separate places. 2. Security Deposit: 2 months down to 1 month. 3. Parking: 7 instead of 12 free parking spots.
Acquisition pro forma
due in in about 12 hours
Suggested changes: - Approximately 10,000 square feet of office space on the 5th floor. - Lease Term: 5 years with an option to renew for an additional 5 years.
Prepare and send the offer to the seller
due in in about 15 hours
Changes from the previous version: 1. Commencement Date: August 1, 2024. 2. Base Rent: $49 per square foot per year, with 2% annual escalations.
Negotiate the $/sqft with the landlord
due in in about 18 hours
Emily is asking Can we get the rate down to $49 per square foot?
Review and update financial projections for the mixed-use development
due in in about 22 hours
Emily is asking Can we get the rate down to $49 per square foot?
Review and approve the final version of the LOI
due in in about 23 hours
Emily is asking Can we get the rate down to $49 per square foot?
Sign the lease agreement
due in in about 23 hours
Emily is asking Can we get the rate down to $49 per square foot?
Negotiate the $/sqft with the landlord
due in in 1 day
Changes from the previous version: 1. Commencement Date: August 1, 2024. 2. Base Rent: $49 per square foot per year, with 2% annual escalations.
Prepare a comparative market analysis report
due in in 1 day
Changes from the previous version: 1. Commencement Date: August 1, 2024. 2. Base Rent: $49 per square foot per year, with 2% annual escalations.

This month

Discuss the terms of the contract with Tim
due in in 1 day
Emily is asking Can we get the rate down to $49 per square foot?
Follow up on acquisition interest
due in in 1 day
Changes from the last version: 1. Approximately 12,000 square feet of office space on the 4th floor instead of two separate places. 2. Security Deposit: 2 months down to 1 month. 3. Parking: 7 instead of 12 free parking spots.
Negotiate the $/sqft with the landlord
due in in 1 day
Suggested changes: - Approximately 10,000 square feet of office space on the 5th floor. - Lease Term: 5 years with an option to renew for an additional 5 years.
Provide feedback on the due diligence report
due in in 1 day
Changes from the previous version: 1. Commencement Date: August 1, 2024. 2. Base Rent: $49 per square foot per year, with 2% annual escalations.
Provide feedback on the due diligence report
due in in 2 days
Changes from the previous version: 1. Commencement Date: August 1, 2024. 2. Base Rent: $49 per square foot per year, with 2% annual escalations.
Complete the final version of the PSA
due in in 2 days
Changes from the last version: 1. Approximately 12,000 square feet of office space on the 4th floor instead of two separate places. 2. Security Deposit: 2 months down to 1 month. 3. Parking: 7 instead of 12 free parking spots.
Discuss the terms of the contract with Tim
due in in 2 days
Suggested changes: - Approximately 10,000 square feet of office space on the 5th floor. - Lease Term: 5 years with an option to renew for an additional 5 years.
Review and approve the final version of the offer
due in in 3 days
Changes from the last version: 1. Approximately 12,000 square feet of office space on the 4th floor instead of two separate places. 2. Security Deposit: 2 months down to 1 month. 3. Parking: 7 instead of 12 free parking spots.
Complete the final version of the PSA
due in in 3 days
Emily is asking Can we get the rate down to $49 per square foot?
Provide feedback on the due diligence report
due in in 3 days
Changes from the last version: 1. Approximately 12,000 square feet of office space on the 4th floor instead of two separate places. 2. Security Deposit: 2 months down to 1 month. 3. Parking: 7 instead of 12 free parking spots.
Prepare a comparative market analysis report
due in in 3 days
Emily is asking Can we get the rate down to $49 per square foot?
Prepare and send the offer to the seller
due in in 3 days
Suggested changes: - Approximately 10,000 square feet of office space on the 5th floor. - Lease Term: 5 years with an option to renew for an additional 5 years.
Sign the lease agreement
due in in 3 days
Changes from the previous version: 1. Commencement Date: August 1, 2024. 2. Base Rent: $49 per square foot per year, with 2% annual escalations.
Review and approve the final version of the LOI
due in in 4 days
Emily is asking Can we get the rate down to $49 per square foot?
Follow up on acquisition interest
due in in 6 days
Changes from the last version: 1. Approximately 12,000 square feet of office space on the 4th floor instead of two separate places. 2. Security Deposit: 2 months down to 1 month. 3. Parking: 7 instead of 12 free parking spots.
Discuss the terms of the contract with Jess
due in in 6 days
Emily is asking Can we get the rate down to $49 per square foot?
Finalize lease agreement for
due in in 8 days
Suggested changes: - Approximately 10,000 square feet of office space on the 5th floor. - Lease Term: 5 years with an option to renew for an additional 5 years.
Review and approve the final version of the offer
due in in 9 days
Suggested changes: - Approximately 10,000 square feet of office space on the 5th floor. - Lease Term: 5 years with an option to renew for an additional 5 years.
Follow up on acquisition interest
due in in 9 days
Suggested changes: - Approximately 10,000 square feet of office space on the 5th floor. - Lease Term: 5 years with an option to renew for an additional 5 years.
Provide feedback on the due diligence report
due in in 9 days
1. Lease Term: 4 years with an option to renew for an additional 4 years. 2. Base Rent: $50 per square foot per year, with 2.5% annual escalations. 4. Parking: Tenant to receive 6 reserved parking spaces at a discounted rate.
Acquisition pro forma
due in in 10 days
Changes from the previous version: 1. Commencement Date: August 1, 2024. 2. Base Rent: $49 per square foot per year, with 2% annual escalations.
Acquisition pro forma
due in in 11 days
Suggested changes: - Approximately 10,000 square feet of office space on the 5th floor. - Lease Term: 5 years with an option to renew for an additional 5 years.
Sale

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Deal Details
  • Cap Rate6.7
  • GRM5.6
  • NOI$268,000
  • Price per sqft$24.9 / sqft
  • Price per unit$52,889 / unit
  • Occupancy rate82%
Building Details
  • Property typeRetail
  • Units45
  • Typical floor plate4,147 sqft
  • Stories23

Contacts

Angeline Durgan
International Tactics Strategist
205-692-667
Eldred Bednar
Internal Web Designer
105-454-854

Files

Contract_20240510.xls
7.0MB · 2 months ago
LOI_20240509.doc
9.0MB · 2 months ago
Offer_20240701.doc
17.0MB · 11 days ago
Pro Forma_20240507.zip
14.1MB · 2 months ago