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Bedrooms: > Los Angeles real estate for sale > Los Angeles commercial

Posted: Friday, April 28, 2017 10:07 AM


$1,000,000 minimum investment 5 building commercial portfolio

Our investment group just purchased a 5 Building Commercial Portfolio in Evansville Indiana for $23.5M. We are actively looking for an Investor and/or investors to provide capital. We are seeking approximately $5.2M in cash to fund the down payment, capital expense reserves and the initial management costs. The investors would be equity partners and would receive a share of the cash flow and percentage of the equity upon disposition, proportionate to funds invested. Projected hold time for these assets is 5 to 7 years.

Each asset is stabilized and performing well. The total annual Gross Revenue for all five buildings is approximately $3,340,000; Expenses are approximately $1,192,364; NOI is $2,146,987 (our number) for a 9.1% overall CAP, OR $2,373,684 (their number) for a 10.1 overall CAP. There is a Value Add component in renting up the vacant space in the buildings, specifically the Hulman and Court buildings.

This commercial investment is a rare opportunity and does not come around often. We just opened escrow and have 90 days to complete the purchase. Please note: Although we are have a shortfall of approx. $5M, the buy in is set at $1M. In order to secure vested interest; we will create a single LLC that would encompass all equity partners so all entities are listed on the deed along with specifics of percentages.

A full presentation package is available for your consideration please contact me directly at or by telephone at (661) 233-6157. Should you have any serious interest in this deal and would like to view financial statements such as; rent rolls or P&L; I will need the party of interest to sign a NDA.

100 Sycamore St., Evansville, IN, 47713    google map | yahoo map

• Location: Evansville, Indiana, Los Angeles

• Post ID: 111893073 losangeles is an interactive computer service that enables access by multiple users and should not be treated as the publisher or speaker of any information provided by another information content provider. © 2017