CURRENT INVESTMENT – ATLANTA PARK PORTFOLIO
ATLANTA PARK PORTFOLIO
Size: 96,675 s.f.
Location: Atlanta, GA
Description: Two-property, industrial-flex, small bay
Status at Purchase:
Date: April 9, 2021
Purchase Rate: $10,000,000 ($105 psf / 6.8% cap rate)
Three-Part Business Plan:
Implement Capital Improvements Plan:
Address deferred maintenance.
Transition tenants from short to longer term leases.
Actively manage property utilizing SunCap’s platform and key relationships in order to increase NOI by 31% over the five-year holding period.
Forecast Investor Returns:
8.6+% average current cash-on-cash
14+% IRR over five year hold
Investment Multiple: 1.8