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Acquisition Date
10/21/20
Purchase Price
$5,866,463
Outside Investment
$1,300,000
The 30,000 square foot building was 84.6% occupied when purchased. Within six months of owning the property, we have increased that to 92.1%. Additionally, NOI has increased resulting in an increase in the market value of the property.
Our investors will receive a 6.15% cash on cash return on their investment in year one and we project that number to increase.
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