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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. |
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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. |
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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.
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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!
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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!
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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.
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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:
- Pre-qualification by our
mortgage lenders (or yours).
- The Solid Investments Team
will help you to locate the perfect property
for your needs.
- Our Team will prepare a
contract to be submitted to the seller along
with an earnest money deposit.
- The Solid Investments team
will negotiate on your behalf to get you the
very best deal possible.
- 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.
- Following the due diligence
period, it is customary to place a second,
more substantial deposit into escrow.
- The loan process is then
finalized.
- 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! |
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