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