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Make Us An Offer THREE, LLC
Universal Plaza
SOLD – June 2007 – 18% Annual Return
Financial Summary
Investment: $1,400,000 Return: Dividends $ 125,940.00
Gain: $366,271.40 Distribution on Sale $1,500,331.40
Time invested: 1.38 years Additional Cash on Hand $ 140,000.00
Annualized ROI 18% Est. Proceeds $1,766,271.40
Total Return 25%
Purchase Information:
Price: $4,300,000
Initial Investment:$1,400,000
Sale Information:
Price: $5,300,000
Annual Return: 18%
Total Return: 25%
Location:
Located on US Hwy 19, New Port Richey, FL
Execution of the Plan:
We held this property for about 16 months. During that time we added quality tenants, renovated the parking lot, painted the buildings, fixed the deferred maintenance and executed a quality sale to deliver an excellent return for our investors. This property paid out a 2% dividend every quarter from the day we purchased the property.
Here’s what we did
1. Purchased the property at under $50 psf and over 90% occupancy on US 19 at a preferential CAP Rate which is over 9%.
2. Put better leases in place
3. Renovated the parking lot to give it curb appeal
4. Painted the building to give it curb appeal
5. Fixed the deferred maintenance on the buildings
6. Effectively marketed the building to potential Buyers
7. Sold the Build to complete the plan
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