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Real Estate Equity Partners, LLC
One Pasco Center
195% Total Return
97.5% Annualized Return
Financial Summary
Investment: $325,000 Return: Dividends during hold $ 46,500.05
Gain: $633,732.58 Cash after Sale $912,232.53
Time invested: 2 Years Total Proceeds $958,732.58
Annualized ROI 97.5% Total Return 195%
Purchase Information:
Price: $1,090,000 less $8000 maintenance credit
Initial Investment: $325,000
Group: 9 Members
Location:
Located in the One Pasco Center Industrial Park on SR 52 by I-75.
Features:
29,000 sq. ft. Office/warehouse building.
7,000 sq. ft. warehouse tenant leaving soon.
4,000 sq. ft. of vacant office space
Some deferred maintenance
Plan:
Lease remaining space
Clean up building
Create value for Cash flow or Sale
Here’s what we did
1. Located the property.
2. Negotiated the price from $1,400,000 to $1,090,000.
3. Negotiated an $8,000 credit before closing.
4. Put together the group, found financing.
5. Managed the building and addressed any maintenance issues, including some fire code violations.
6. Evaluated the remaining space. Redesigned the space and found good tenants to bring the building to 100% occupancy.
7. Sent quarterly reports and distributions to the Members.
8. Sold the property at a substantial profit.
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