LAST CALL!!! ALMOST COMPLETELY TAKEN!!!! DON'T MISS OUT!
Hello Sweet Friends!!
We are thrilled to offer you the opportunity to take part in a unique office value-add investment.
This building was 100% occupied until about a year ago when AIG decided to relocate. The cost of renovations to prepare for new tenants was quite high and the owners had already seen great returns, so they decided to sell it as is. Our partner has been negotiating the terms for this building since April, and has closed at a 7% cap rate, based on in place income. The building is 65% occupied, representing outstanding potential upside. The plan is to pay out to investors a preferred return from the current cash flow while utilizing a bridge-loan to renovate the available space and re-lease to 95% occupancy.
The expected duration of the deal is 3 years.
The deal boasts a solid cash flow from day one, excellent profit at sale on very conservative assumptions, and outstanding upside in numerous scenarios.
The area has very low vacancy in new class-A office spaces and the median household income is more than double the national average.
All in all, this is a great property to have in any real estate portfolio.
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For more information you may email or call me.
[I am not in the real estate business. This is the company of a close friend].
