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Make Us An Offer THREE, LLC
Green Key Plaza
SOLD!! 122% Annualized ROI
Financial Summary
Investment: $435,000 Return: Dividends $ .00
Gain: $569,536.30 Cash After Sale $1,004,536.31
Time invested: 1.07 Years Total Proceeds $1,004,536.31
Annualized ROI 122.36% Total Return 130.93%
Purchase Information:
Price: $1,800,000
Initial Investment: $435,000
Group: 6 Members
Location:
Located on US Hwy 19, New Port Richey, FL
Features:
22,365 sq. ft Retail Center
10,372 sq. ft. of 2nd Story Office Space
Good visability on US 19 near Main Street
Purchased at under $60 psf
Plan:
Building was purchased at 25% occupancy. Plan was to get deferred maintenance caught up, lease up the remaining vacancy, then either refinance or sell.
Here’s what we did
1. Located the property and negotiated a preferential price.
2. Cleaned up the entire property and fixed all the signage on the property.
3. Corrected code problems in the building.
4. Leased the building from 25% to 85% 0ccupancy
5. Renovated the entire upstairs office space.
6. Found a capable buyer and negotiated a favorable sales price.
7. Found a replacement property to execute a 1031 transaction
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