Uptown Square

Size: 72,277 s.f.
Location: Fayetteville (Atlanta), GA
Major Tenants: Harbor Freight Tools, Goodwill

Status at Purchase:

Date: June 23, 2016
Occupancy: 80%
Purchase Price: $5,950,000 ($82 psf / 8.0% cap rate)

Four-Part Business Plan:

Implement Capital Improvements Plan:
Replace roof, prepare vacant spaces for lease.

Stabilize Tenancy: 
Evict delinquent tenant, lease vacant spaces, and stabilize tenancy.

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

Increase NOI:
Improve NOI by 40% over the five year holding period.

Investment Returns:

Equity Invested: $2,552,000

Forecast Investor Returns:
10+% current cash-on-cash
17+% IRR over five year hold
Investment Multiple: 2.0