Real Estate Equity Partners FOUR, LLC

Waters Edge Office Building

 SOLD!!   119% Total Return – ROI 75%

Financial Summary

Investment:                   $750,000                     Return:             Dividends                                 $     15,001.50

Gain:                            $894,988.66                                        Distribution on Sale                   $1,625,162.50

Time invested:               1.58 years                                            Additional Cash on Hand          $       4,824.66

Purchase Information:

Price: $2,100,000

Initial Investment: $750,000

Group: 10 Members

 

Location:

Located on Waters Avenue in Tampa, FL

 

Features:

26,016 sq. ft. office Building

3 miles from St. Josephs Hospital

Lakeview offices

Attractive building with no common area

 

Plan:

Building was purchased at 40% occupancy.   Plan was to clean up the property and lease the building.

 

Here’s what we did

1.    Located the property

2.    Negotiated a preferential price

3.    The building had and 8% permanent loan in place which had to be assumed.   Negotiated a buyout of the loan and put our own financing in place

4.    Cleaned up the property, leased the property to 85% occupancy

5.    Paid 1^st Distribution in 4^th quarter of ownership

6.    Found a capable buyer

7.    Sold the property at a substantial profit

8.    Made final distributions to investors

 

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