RECENT INVESTMENT - METRO STATION

METRO STATION

Status at Purchase:

Date: February 11, 2016 
Occupancy: 100% 
Purchase Price: $5,900,000 ($128 psf / 758% cap rate)

Three-Part Business Plan:

Stabilize Tenancy: 
Replace upcoming terminations, negotiate lease extensions with tenants having upcoming renewals, and stabilize tenancy

Reduce Operating Expenses: 
Actively manage property utilizing SunCaps platform and key vendor relationships in order to reduce operating expenses. 

Increase NOI: 
Improve NOI by 35% over the five year holding period.  

Investment Returns: $2,380,000 
Equity Invested: 10+% current cash-on-cash 
Forecast Investor Returns:
17+% IRR over five year hold Investment Multiple: 2.0+