Multifamily and Retail Portfolio Opp. 2 Land Properties Offered at $40,000,000 in Multiple Locations
INVESTMENT HIGHLIGHTS
- Two multifamily and one retail portfolio offered at an impressive 7-9% cap rate.
- Developers and investors opportunity to generate a net income of $1.25.6 million per year.
- The multifamily complexes are located in Corona, while the retail asset is in Riverside, CA.
EXECUTIVE SUMMARY
Project one: off-market short sale: Looking for a $15M hard money loan with a 2% commission (paid by the borrower), a 14% interest rate, and a one-year term with a prepayment penalty. This loan will pay off the first and second loans, as the first lien holder allows for a partial release. Second Proposal: A $25M deal to purchase the entire project except for 10 condos You would receive 40 condos, 43 units of ready-to-build land, and 2.21 acres of vacant land. market value 45M. Cap 200% return in half a year. contact Lynn:9493511343
Project Two: 600 single-family houses development land, RH zoning, 367 acres.
Project Four: 1000 units of student apartment development opportunities.
Project Five: Four buildings are for sale. The unit price is $246-260 per square foot, which is lower than the construction cost.
The annual net income is $2.99 million, and the return rate is 7.5%. The seller is open to assuming low-interest loans and has an asking price of $41 million.
Project SIX: The annual net income is $1.26 million, and the return rate is 7.2.%.
Project Two: 600 single-family houses development land, RH zoning, 367 acres.
Project Four: 1000 units of student apartment development opportunities.
Project Five: Four buildings are for sale. The unit price is $246-260 per square foot, which is lower than the construction cost.
The annual net income is $2.99 million, and the return rate is 7.5%. The seller is open to assuming low-interest loans and has an asking price of $41 million.
Project SIX: The annual net income is $1.26 million, and the return rate is 7.2.%.
PROPERTY FACTS
| Price | $40,000,000 |
| Cap Rate | 25% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Land Area | 374.70 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | INDIVIDUAL PRICE |
|---|---|---|---|
| Train Road, Brea, CA 92823 | Land | 367.00 AC | - |
| unknow, Corona, CA 92883 | Land | 7.70 AC | - |
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CONTACT
-
Lynn Paris -
Pinnacle Commercial Real Estate
