Commercial Acquisition
Commercial Acquisitions Model
Institutional-Grade Underwriting. Instant Download.
Make faster, smarter, and more profitable investment decisions with the Commercial Acquisitions Model—a complete, professional underwriting tool built for brokers, investors, developers, asset managers, and independent sponsors. This model gives you everything you need to evaluate any commercial property with confidence—from tenant-by-tenant cash flows to partnership waterfalls and refinance projections.
If you underwrite deals, this model instantly becomes your competitive advantage.
Why This Model?
Underwrite Deals in Minutes, Not Hours
Stop rebuilding spreadsheets from scratch. The model handles:
Market rents
Lease expirations
Recoveries
TIs & LCs
Escalations
Vacancies
Debt assumptions
…all automatically, so you can focus on the investment—not the formulas.
See the Full Life Cycle of a Deal
You get a complete picture of performance across acquisition, operations, refinance, and exit.
Analyze:
NOI growth
DSCR
Cash-on-cash returns
LP/GP payouts
10-year investment performance
…all with one input sheet.
Perfect for Real Multi-Tenant Deals
Built for real life, not textbook examples:
Model multiple leases per space
Control every assumption (TI, LC, free rent, downtime, recovery structures)
Track each tenant’s rent steps, increases, and reimbursements
Automatically roll everything into your pro forma
If you underwrite retail, industrial, office, or mixed-use—this model is built specifically for you.
Debt & Equity That Mirrors How Deals Actually Get Done
Quickly customize:
Floating or fixed-rate debt
SOFR-based pricing, caps, and floors
Interest-only periods
Amortization schedules
Refinance proceeds
Full partnership waterfalls with preferred returns & promotes
All calculations flow through to LP and GP returns—no manual tracing required.
Client-Ready Outputs Included
Every deal automatically produces beautifully formatted, presentation-ready outputs:
Investment Summary
Key metrics (IRR, Equity Multiple, DSCR, CoC)
Space summary
10-year pro forma
Partnership return charts
Sources & Uses
Debt summaries
Perfect for investor decks, lender packages, and IC presentations.
What You Can Do With This Model
✓ Quickly compare purchase opportunities
Swap in assumptions and instantly see how valuations, returns, and cash flows change.
✓ Stress-test rents, vacancy, debt, and cap rates
Every variable is adjustable for sensitivity or downside analysis.
✓ Produce professional underwriting for clients or partners
No more messy spreadsheets—this model builds trust and credibility.
✓ Underwrite deals of any size or complexity
From single-tenant NNN to multi-tenant retail or office buildings, the model handles it all.
✓ Confidently communicate the story of a deal
Outputs highlight strengths, risks, returns, and value creation clearly and professionally.
Who This Is For
This model is designed for:
Commercial acquisition teams
Independent sponsors & syndicators
Private equity and CRE funds
Brokers preparing underwriting for clients
Asset managers evaluating value-add opportunities
Anyone who needs fast, accurate deal modeling
If you’re serious about underwriting, this tool will save you time, reduce errors, and elevate your work.
Download Includes
✔ Fully unlocked Excel model
✔ 10+ years of cash flow logic
✔ Debt modeling + refinance module
✔ Full waterfall with up to 5 tiers
✔ Tenant-level lease engine
✔ Presentation-ready output pages
✔ Step-by-step instructions
Ready to underwrite with unmatched clarity, speed, and confidence?
Download the Commercial Acquisitions Model today and start underwriting like an institution.
Our Commercial acquisitions model enables faster, more accurate deal underwriting, ideal for Office, Retail, and Industrial acquisitions underwriting
Its comprehensive features streamline the underwriting process and ensure precision.
Project and unit-level underwriting
Robust structured finance capability
Ideal for a variety of deals, from small core-plus acquisitions to large value-add projects
Commercial Acquisitions Model
Institutional-Grade Underwriting. Instant Download.
Make faster, smarter, and more profitable investment decisions with the Commercial Acquisitions Model—a complete, professional underwriting tool built for brokers, investors, developers, asset managers, and independent sponsors. This model gives you everything you need to evaluate any commercial property with confidence—from tenant-by-tenant cash flows to partnership waterfalls and refinance projections.
If you underwrite deals, this model instantly becomes your competitive advantage.
Why This Model?
Underwrite Deals in Minutes, Not Hours
Stop rebuilding spreadsheets from scratch. The model handles:
Market rents
Lease expirations
Recoveries
TIs & LCs
Escalations
Vacancies
Debt assumptions
…all automatically, so you can focus on the investment—not the formulas.
See the Full Life Cycle of a Deal
You get a complete picture of performance across acquisition, operations, refinance, and exit.
Analyze:
NOI growth
DSCR
Cash-on-cash returns
LP/GP payouts
10-year investment performance
…all with one input sheet.
Perfect for Real Multi-Tenant Deals
Built for real life, not textbook examples:
Model multiple leases per space
Control every assumption (TI, LC, free rent, downtime, recovery structures)
Track each tenant’s rent steps, increases, and reimbursements
Automatically roll everything into your pro forma
If you underwrite retail, industrial, office, or mixed-use—this model is built specifically for you.
Debt & Equity That Mirrors How Deals Actually Get Done
Quickly customize:
Floating or fixed-rate debt
SOFR-based pricing, caps, and floors
Interest-only periods
Amortization schedules
Refinance proceeds
Full partnership waterfalls with preferred returns & promotes
All calculations flow through to LP and GP returns—no manual tracing required.
Client-Ready Outputs Included
Every deal automatically produces beautifully formatted, presentation-ready outputs:
Investment Summary
Key metrics (IRR, Equity Multiple, DSCR, CoC)
Space summary
10-year pro forma
Partnership return charts
Sources & Uses
Debt summaries
Perfect for investor decks, lender packages, and IC presentations.
What You Can Do With This Model
✓ Quickly compare purchase opportunities
Swap in assumptions and instantly see how valuations, returns, and cash flows change.
✓ Stress-test rents, vacancy, debt, and cap rates
Every variable is adjustable for sensitivity or downside analysis.
✓ Produce professional underwriting for clients or partners
No more messy spreadsheets—this model builds trust and credibility.
✓ Underwrite deals of any size or complexity
From single-tenant NNN to multi-tenant retail or office buildings, the model handles it all.
✓ Confidently communicate the story of a deal
Outputs highlight strengths, risks, returns, and value creation clearly and professionally.
Who This Is For
This model is designed for:
Commercial acquisition teams
Independent sponsors & syndicators
Private equity and CRE funds
Brokers preparing underwriting for clients
Asset managers evaluating value-add opportunities
Anyone who needs fast, accurate deal modeling
If you’re serious about underwriting, this tool will save you time, reduce errors, and elevate your work.
Download Includes
✔ Fully unlocked Excel model
✔ 10+ years of cash flow logic
✔ Debt modeling + refinance module
✔ Full waterfall with up to 5 tiers
✔ Tenant-level lease engine
✔ Presentation-ready output pages
✔ Step-by-step instructions
Ready to underwrite with unmatched clarity, speed, and confidence?
Download the Commercial Acquisitions Model today and start underwriting like an institution.
What’s Inside the Model
Inputs
Assumptions – Centralized tab for all deal-level assumptions.
Lease Inputs – Lease terms for future tenants.
Detailed Rent Schedule – Lease terms for current tenants.
SOFR – 1-Month Term SOFR Curve (or preferred debt index).
Outputs
Investment Summary – Snapshot of deal metrics, valuation, and investor returns.
Presentation Assumptions – A concise, presentation-ready overview with underwriting assumptions.
Annual Proforma – Annual Proforma summarizing operations and impacts from debt & equity financing structures.
Calculations
Monthly Proforma – Annual Proforma summarizing operations and impacts from debt & equity financing structures.
Space Financials – Financials summarizing monthly operations on a space by space basis.
Waterfall – Structured equity cash flows, summarized annually.
Debt Tables – Debt cash flow projections from acquisition, rehab, and permanent financing
Key Features
Acquisition-Focused Design
Tailored for buyers evaluating existing office, retail, or industrial properties.
Value-Add & Renovation Capabilities
Model repositioning scenarios with customizable renovation schedules and assumptions.
Detailed Investor Reporting
Generate presentation-ready reports that highlight key returns, investment rationale, and metrics.
Debt & Equity Structures
Fully integrated financing, including fixed and floating rate senior loans, renovation loans, refinances, and equity waterfall modeling.
Scenario Flexibility
Test in-place vs. pro forma unit mixes, comp-driven rent growth, and various sources and uses of funds.
Samples
Input Fields
Presenting Assumptions
Annual ProForma
Lease Inputs
Debt Tables
Investment Summary
The Fractional Analyst’s
Commercial Acquisition Model
Upgrade your underwriting process with our model that delivers speed, accuracy, and confidence across all your multifamily deals
Commercial Acquisitions Model
Institutional-Grade Underwriting. Instant Download.
Make faster, smarter, and more profitable investment decisions with the Commercial Acquisitions Model—a complete, professional underwriting tool built for brokers, investors, developers, asset managers, and independent sponsors. This model gives you everything you need to evaluate any commercial property with confidence—from tenant-by-tenant cash flows to partnership waterfalls and refinance projections.
If you underwrite deals, this model instantly becomes your competitive advantage.
Why This Model?
Underwrite Deals in Minutes, Not Hours
Stop rebuilding spreadsheets from scratch. The model handles:
Market rents
Lease expirations
Recoveries
TIs & LCs
Escalations
Vacancies
Debt assumptions
…all automatically, so you can focus on the investment—not the formulas.
See the Full Life Cycle of a Deal
You get a complete picture of performance across acquisition, operations, refinance, and exit.
Analyze:
NOI growth
DSCR
Cash-on-cash returns
LP/GP payouts
10-year investment performance
…all with one input sheet.
Perfect for Real Multi-Tenant Deals
Built for real life, not textbook examples:
Model multiple leases per space
Control every assumption (TI, LC, free rent, downtime, recovery structures)
Track each tenant’s rent steps, increases, and reimbursements
Automatically roll everything into your pro forma
If you underwrite retail, industrial, office, or mixed-use—this model is built specifically for you.
Debt & Equity That Mirrors How Deals Actually Get Done
Quickly customize:
Floating or fixed-rate debt
SOFR-based pricing, caps, and floors
Interest-only periods
Amortization schedules
Refinance proceeds
Full partnership waterfalls with preferred returns & promotes
All calculations flow through to LP and GP returns—no manual tracing required.
Client-Ready Outputs Included
Every deal automatically produces beautifully formatted, presentation-ready outputs:
Investment Summary
Key metrics (IRR, Equity Multiple, DSCR, CoC)
Space summary
10-year pro forma
Partnership return charts
Sources & Uses
Debt summaries
Perfect for investor decks, lender packages, and IC presentations.
What You Can Do With This Model
✓ Quickly compare purchase opportunities
Swap in assumptions and instantly see how valuations, returns, and cash flows change.
✓ Stress-test rents, vacancy, debt, and cap rates
Every variable is adjustable for sensitivity or downside analysis.
✓ Produce professional underwriting for clients or partners
No more messy spreadsheets—this model builds trust and credibility.
✓ Underwrite deals of any size or complexity
From single-tenant NNN to multi-tenant retail or office buildings, the model handles it all.
✓ Confidently communicate the story of a deal
Outputs highlight strengths, risks, returns, and value creation clearly and professionally.
Who This Is For
This model is designed for:
Commercial acquisition teams
Independent sponsors & syndicators
Private equity and CRE funds
Brokers preparing underwriting for clients
Asset managers evaluating value-add opportunities
Anyone who needs fast, accurate deal modeling
If you’re serious about underwriting, this tool will save you time, reduce errors, and elevate your work.
Download Includes
✔ Fully unlocked Excel model
✔ 10+ years of cash flow logic
✔ Debt modeling + refinance module
✔ Full waterfall with up to 5 tiers
✔ Tenant-level lease engine
✔ Presentation-ready output pages
✔ Step-by-step instructions
Ready to underwrite with unmatched clarity, speed, and confidence?
Download the Commercial Acquisitions Model today and start underwriting like an institution.
What our customers are saying
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"The Fractional Analyst team stepped in when we had a gap in our analyst pool. They have been working with us for about two years. They have seamlessly provided the expertise and support we needed to streamline our operations and make smarter, data-driven decisions."
Clay Heighten - Principal
Caddis Partners
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"Our family office needed a solution to manage legacy real estate assets. They have been instrumental to streamline our valuation and underwriting processes."
James Gueits - Principal
MHP Operator
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"We had a robust multifamily acquisition pipeline in Q2/Q3 '25 and needed additional support. The Fractional Analyst team knocked out over 50 underwritings for us in that time period and provided valuable market research in the process."
Oakdale Capital
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Robert Sheppard - Founder, Managing Partner
Vital Housing
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CenTria Living
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VisoneCo
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Castello Divino
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Binyan Kesef
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Avid Asset Management
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Altoma Real Estate Advisors
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Doug Taylor - Owner
Safe Haven Homes, LLC
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Onyx Equity Partners
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Sila Realty Trust
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Whitestone Development Partners
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Made by Gatehouse
FAQ
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After completing your purchase, you’ll receive an email with a secure download link. You can also access your files anytime through the confirmation page immediately after checkout.
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Most downloads are provided in Excel (.xlsx), PDF, or PowerPoint (.pptx) formats depending on the product. Each listing specifies the exact formats included.
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Absolutely. All templates are fully editable and fully unlocked. You can modify formulas, branding, and inputs to fit your project or client deliverable.
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Your purchase email includes a download link valid for 24 hours. We update these files periodically. If you ever want an updated copy, reach out to us at info@thefractionalanalyst.com for a discount code (80% off current price). We’ll get you taken care of!
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Due to the nature of the product being sold – digital file downloads – all orders are final. Your satisfaction is our highest priority. Please contact us at info@thefractionalanalyst.com with any comments/concerns. Thank you for your order!
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Each purchase grants a company-wide license. Please feel free to share the model with your team members and key stakeholders. For anyone asking you for the model, we would ask that you would please send them to our site to purchase their own copy. Thank you for your support, and we look forward to hearing how you use our resources.
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Our templates are optimized for desktop. Some functions may not work perfectly in Google Sheets or on Mac, though most users find they can still adapt the file with minor adjustments.
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Yes — we specialize in custom real estate financial models and investment deck design. If you need a model/deck built or adapted for your unique deal structure, visit our On Demand Analyst page or email info@thefractionalanalyst.com
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We offer 1:1 training starting with our On-Demand Analyst team. You can reach us at info@thefractionalanalyst.com to set up a call.