We are in the process of acquiring a motel in Phoenix and shopping plaza in Avondale with significant upside potential. Here are the key details:
Motel in Phoenix, AZ
A key advantage of this deal is that we are purchasing the property at a 14.5% cap rate. Historically, motels in this corridor post-COVID have sold at no more than an 8% cap, giving us an immediate value uplift of $6.3M from day one.
Closing is set for October 31st, with earnest money going hard on October 15th.
For more details or to express interest, please send me a direct message or schedule a meeting through my calendar: https://calendly.com/awesomeroi/new-investor-meetup
Shopping Plaza in Avondale, AZ
- Purchase Price: $2.6M
- Equity Investment Needed: $750,000
- https://www.dropbox.com/scl/fo/sehzwyuobncd2mtjb34p4/AE7NKefzkAaWt95Q5_r0elY?rlkey=pnkh8qz6yp4h6sduo6rw8r5k7&st=kd2yo4gw&dl=0
- Hold Period: 5 years
- Principal Return: Within 3 years
- Preferred Return: 8%, with monthly distributions
- Targeted Return: 2x
- Projected IRR: 22.03%
A key advantage of this deal is that we are purchasing the property at a 10% cap rate. Historically, retail centers in this corridor post-COVID have sold at no more than an 4.5% cap, giving us an immediate value uplift of $3M from day one.
For more details or to express interest, please send me a direct message or schedule a meeting through my calendar: https://calendly.com/awesomeroi/new-investor-meetup
Look forward to hear from you soon.
Thanks,
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