Underwrite buying the building you lease instead of renewing

For Corporate real estate teams · also Acquisition & investment teams

Underwrite this: [address] at [asking price] from the attached T-12 and rent roll. What is the return and is the entry price right? We are the anchor tenant at [current rent] and would hold it for [number] years as owner-occupier.

You give

The address; the asking price; the T-12; the rent roll; the hold period in years

You get

Returns, NOI, cap rate, DSCR, sensitivity and a verdict on the entry price, in the assistant Often also: memo (PDF)