Real Estate Equity Partners TWO, LLC

Pier One Imports Building

 SOLD!!   93% Total Return – ROI 48%

Financial Summary

Investment:                   $310,000.00                Return:             Dividends                                 $ 37,198.80

Gain:                            $288,684.18                                        Cash on Sale                            $561,485.38

Time invested:               1.94 Years                                           Total Proceeds                         $598,684.18

Purchase Information:

Price: $1,125,000

Initial Investment: $350,000 – 40,000 = $310,000

Group: 6 Members

 

Location:

Located in the Port Richey, Florida in Pasco County on US Hwy 19.

 

Features:

7,866 sq. ft. Pier One Imports Building.

Credit Tenant

100% Leased property

 

Plan:

Let site appreciate while paying off mortgage and making distributions.

If tenant did not take an option, lease at higher price and get better return.

 

Here’s what we did

 

1.    We located the property.

2.    Negotiated the price from $1,300,000 to $1,125,000.

3.    Put together the group, found financing.

4.    Managed the building and paid distributions to Members.

5.    Sent quarterly reports to the Members.

6.    Currently evaluating the opportunity to sell the property at a premium due to the demand for commercial buildings.

7.    Negotiated a Sale price of $1,425,000 and did everything necessary to successfully complete the sale of the building.

 

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