THE STORY
Purchased 2.77 acres to develop two multi-tenant buildings totaling 36,000 S.F. The buildings were concrete tilt up construction and sold to individual users as office/warehouse condos with a minimum size of 1,800 S.F. Project timeline from entitlements to final sale was 20 months with an overall return of 49% on investment.
The Details
- Aquisition Price: $750,000
- Amount Invested: $3,600,000
- Total Investment: $4,350,000
- Sale Price / Value: $6,480,000
- Profit: $2,130,000
- Total Return on Investment: 49%
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