RECENT INVESTMENT - METRO STATION
Size: 45,921 s.f. retail center
Location: Orlando, FL
Major Tenants: Mattress One, Dollar Tree, K@ Fashion, Sally Beauty
Status at Purchase:
Date: February 11, 2016
Purchase Price: $5,900,000 ($128 psf / 758% cap rate)
Three-Part Business Plan:
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.
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+