Not knowing what the tenant is (being a high profile tenant makes a difference) and based on the numbers provided my assumption is as follows. Any investor is generally looking for a ROI in 10 years. So, 2300 a month net rev. translates to 27,600 annualy. Therefore over the course of 10 years an investor will net 276,000. You would have to factor in the desireability of location, city, tenant, traffic etc. But hopefully those numbers will give you a good place to start. Also, if you can get it, I would try to renew them for another 5, just to make the pot juicier. Hope this helps!
Jun 8, 2010