Back a sale-leaseback proposal for the board with rent, value and buyer return

For Corporate real estate teams · also REITs & asset managers

What is the fair market rent for [size] SF of [use] space at [address]? Then give me an opinion of value for [address] leased back to us for [number] years at that market rent. Then underwrite this: [address] at that value from the attached T-12 and rent roll — what is the return to a buyer and is that entry price right?

You give

The address; the size and the use; lease term in years; the T-12 of operating costs; the rent roll showing the proposed leaseback

You get

Fair market rent, $/SF/year and per month, with the leases behind it, in the assistant

Then

Value Opinion, then Underwriting — ask for it in the same conversation once step 1 is done