VALUE ADD PROPERTIES
 
A Value Add Property is one that has major upside potentail. Value-Added properties generally carry some risk, and often rely on a buyer’s understanding of market trends, demographics and potential tenant needs to be successful.
For example, a buyer may acquire an older single-tenant office building with a short-term lease, in an office market with an average occupancy rate of 90% and with limited office construction. The buyer would allow the lease to lapse, and then spend several million dollars on renovations, raising the building’s quality to Class-A status, while making the building suitable for multiple tenants. Under that scenario, the building would likely gain at least 90% occupancy, and at much higher rents than before. That would increase net operating income, which in turn would increase the buyer’s return on investment.
AVAILABLE VALUE ADD PROPERTIES
Status: Active
Price: $4,575,000
Cap Rate: 12.24%
Building Size: 1,835 ± SF
Lot Size: 53,143 ± SF
Year Built: 1990
Primary Type: Gas Station

Nexus Office Center
Ft. Lauderdale, FL
100% occupied mulitple tenant office building with a great tenant mix. Excellent location – I-95 and Cypress Creek in Ft. Lauderdale. Easy access and visible to/from I-95. Close to Restaurants, Banking and Hotels. Ample on-site parking.

Status: Active
Price: $2,800,000
NOI: $242,187
CAP Rate : 8.65%
Building Size: 22,851 ± SF
Occupancy: 100%
Year Built: 1984
Primary Type: Office

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NN Warehouse
Pompano Beach, FL
100% occupied Warehouse with a 3 year NN lease with annual rent increases of CPI and 7 x 1 year options to renew. 9.01% CAP Rate! The tenant pays all expenses including Taxes, Insurance and CAM. Landlord is responsible for Roof & Structure.

Status: Active
Price: $4,200,000
NOI: $378,240
CAP Rate : 9.01%
Building Size: 62,797 ± SF
Occupancy: 100%
Year Built: 1963
Primary Type: Warehouse

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NNN Office/Retail Building
Miramar, FL
Brand new, Class A, 100,429 ± SF mixed use building that is part of a new community surrounded by major national tenants. Shadow anchored by a new Publix shopping center! Very strong demographics and traffic count exceeds 40,000 VPD! Great mix of national and local tenants all on long term NNN leases!

Status: Active
Price: $23,000,000
Building Size: 100,429 ± SF
Lot Size: 7.56 ± Acres
Year Built: 2007
Primary Type: Mixed Use

NNN NAPA Auto Parts Center
Hollywood, FL
100% leased Strip Center, anchored by NAPA Auto Parts (corporate guarantee with $2.5B Net Worth) who occupies 50% of the building. NNN leases with limited landlord obligations, located in Hollywood, FL. Strong National and Local Tenant Mix with Aggressive Rental Increases. Tenants include NAPA Auto Parts, Subway, Metro PCS & more!

Status: Active
Price: $2,917,657
NOI: $204,236
CAP Rate : 7.00%
Building Size: 11,653 ± SF
Occupancy: 100%
Year Built: 1980
Primary Type: Strip Center
NNN Shopping Center
Ft. Lauderdale, FL
NNN Shopping Center in A+ location! Most rents are below market with short term NNN leases and 3 - 6% annual bumps! 30 Tenants. Excellent location and great visibility! Click here to download the Confidentiality Agreement.
Status: Active
Price: $10,400,000
Building Size: 61,712 SF
Lot Size: 6.5 Acres
Occupancy: 92.3%
Year Built: 1986
Primary Type: Shopping Center
Why Invest in Florida?

Recent studies have shown that Florida is the fastest growing state in the nation which makes it a wonderful place to invest in real estate. Whether you are looking for shopping centers, multi-family buildings, office buildings, development projects, the Sunshine State has it all.

The population is growing by 1000 people every day. Florida is currently the fourth most populated state in the nation behind California (First), Texas (Second), and New York (Third). The population is expected to exceed New York’s population by 2010 or sooner. Much of this is due to the baby boom retirement that will occur over the next 10-15 years. Studies indicate that over 60% of retiring boomers will retire to Florida because of its many advantages, both financial and otherwise.

These advantages include, but are not limited to:

  • The wonderful weather-They don’t call it the Sunshine State for no reason!-The temperature averages 80 degrees year round.
  • Tax Advantages-Florida does not have a state income tax. For retiring baby boomers along with everyone else, this is very lucrative.
  • Save Our Homes Act-This is a sometimes unknown value that is in Florida. What this act says is that your primary residence that is homesteaded is protected from being taken from you in the unfortunate circumstance that you need to declare bankruptcy or are sued.

For these reasons and many others, investment in Florida is a must have for your real estate portfolio.

SO HOW DO I GET STARTED?

First of all, contact the Solid Investments Team immediately. We will guide you through the buying process from start to finish with our expertise in commercial real estate. Many buyers ask us about the process and what to expect. The following is a brief outline of the process:

  1. Pre-qualification by our mortgage lenders (or yours).
  2. The Solid Investments Team will help you to locate the perfect property for your needs.
  3. Our Team will prepare a contract to be submitted to the seller along with an earnest money deposit.
  4. The Solid Investments team will negotiate on your behalf to get you the very best deal possible.
  5. Upon agreement of terms between buyer and seller, the due diligence period (otherwise known as the inspection period) will begin. During this period, the buyer is provided with rent rolls, surveys, copies of leases, environmental reports (if necessary) and the ability to conduct a physical inspection of the property.
  6. Following the due diligence period, it is customary to place a second, more substantial deposit into escrow.
  7. The loan process is then finalized.
  8. In conclusion, you own a piece of sunshine in Florida that is a very Solid Investment for your portfolio.

Become a part of the Solid Investments Group today and join our many other satisfied customers!

 

The properties shown on this website may or may not be exclusively listed by the Solid Investments Group of Realty Associates Florida Properties.
All information shown on www.solidinvestmentsfl.com is believed to be accurate, but is not warranted.

Realty Associates Florida Properties
3087 E. Commercial Blvd. Ft. Lauderdale, FL 33308