EquityMultiple, a leading real estate crowdfunding platform, has just launched its latest investment opportunity: the Saint Cloud Multi-Bay Industrial property in Saint Cloud, Florida. This fully occupied, 57.6K SF multi-bay industrial property presents an appealing opportunity for investors seeking to capitalize on the strong demand and rent growth potential in the Orlando industrial market.
The property is being acquired off-market by Ultimate Realty, a five-time repeat sponsor and Premier Partner on the EquityMultiple platform. With a minimum investment of $15,000, investors can participate in the $3.3M LP equity investment, targeting an average cash-on-cash return of 6.5%, a net IRR of 20.7% and a 1.7x equity multiple over a 3-year hold period.
One of the key attractions of this offering is the significant mark-to-market opportunity. The property’s current in-place rents represent a ~63% discount to the average market rent of $12.89 PSF NNN, with several comparable properties commanding even higher rates. As leases at the property begin to expire, Ultimate Realty plans to raise rents to market levels, potentially driving substantial cash flow growth.
Access offering details on EquityMultiple.
The investment thesis for the Saint Cloud property is further supported by the latest research from Prologis, Inc. (NYSE:PLD), a global leader in logistics ...
Full story available on Benzinga.com
Continue reading...
The property is being acquired off-market by Ultimate Realty, a five-time repeat sponsor and Premier Partner on the EquityMultiple platform. With a minimum investment of $15,000, investors can participate in the $3.3M LP equity investment, targeting an average cash-on-cash return of 6.5%, a net IRR of 20.7% and a 1.7x equity multiple over a 3-year hold period.
One of the key attractions of this offering is the significant mark-to-market opportunity. The property’s current in-place rents represent a ~63% discount to the average market rent of $12.89 PSF NNN, with several comparable properties commanding even higher rates. As leases at the property begin to expire, Ultimate Realty plans to raise rents to market levels, potentially driving substantial cash flow growth.
Access offering details on EquityMultiple.
The investment thesis for the Saint Cloud property is further supported by the latest research from Prologis, Inc. (NYSE:PLD), a global leader in logistics ...
Full story available on Benzinga.com
Continue reading...
- Benzinga's Take
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