PENDING INVESTMENT - ALTAMONTE COMMERCE CENTER
ALTAMONTE COMMERCE CENTER
Size: 185,600 s.f.
Location: Orlando, FL
Description: Multi-tenant industrial property with 63 bays.
Status at Purchase:
Date: May 22, 2019
Occupancy: 94%
Purchase Rate: $14,850,000 ($80 psf / 7.0% cap rate)
Business Plan:
Increase ROI:
Actively manage property utilizing SunCap’s platform and key relationships in order to increase NOI by 30% over the five-year holding period.
Investment Returns:
Equity Invested:
$6,381,000
Forecast Investor Returns:
8+% current cash-on-cash
14+% IRR over five year hold
Investment Multiple: 1.8
