Englewood, OH Office/Flex
- $2.3mm purchase 12/22
- 38,042 sq. ft. Flex building
- Cash-on-Cash return: 15% with 40% vacancy
- Current tenant occupies 60% of the building and has a lease through 2028.
- Cash on cash will be over 50% with lease up
Paulding County Strip Center – Acworth, GA
- $3.75mm Purchase 12/22
- 16,250 sq. ft. Strip center
- Cash-on-Cash Return: 18.0 percent with built in 3% annual increases
- No renewals after five year lease expiration – ability to charge market rents which are already 40% higher than current
- Investors have been receiving 10% debt payments from day 1
Station Loft Works (Turnkey Business + Real Estate) – Douglasville, GA
- $1.6mm purchase 12/22
- 14,000 sq. ft. co-working space
- Initial Cash on cash return 35.0 percent
- Current coc return with nominal rent increase 60%
- Signed branding and management agreement with Regus to make this truly passive
Cornerstone Plaza – Fairfield, Ohio
- $5.0mm purchase 12/21
- Sold Outlot to Scooters Coffee for $400k
- Sold 5/25 for $7.4mm
- Investors
- Received 22% Preferred Return from Day 1
- 2.06% Equity Multiple in 3.4 years
- 31% Average Annual Cash Flow
Liberty Square Merrillville, IN
- Distressed property with high interest debt
- 46,325 Sq ft Flex/Retail space
- Able to inject <$200k in capital and restructure all debt with a $3.7mm loan 8/22
- Recovered all capital within six months and have no money in the deal
- Appraised value is $6.5mm
Time Plaza Douglasville, GA
- Purchase Price $2.3mm – 12/21
- 21,000 Sq Ft Retail Center
- Across from 40 acres of Netflix production studio development
- NOI at Purchase $171,000, NOI at 5 years $386,000
- Investors bought out at 51% average annual return
- Current Value $6.2mm
