Project Description

CASE STUDIES
Apartments to NNN

Sold 10 Units in Newport Beach  Exchanged into three Jiffy Lube Locations

Sold 10 Units in Newport Beach – $4,000,000

  • Partnership dissolution
  • Building was under performing due to absentee management
  • Substantial differed maintenance due to absentee management
  • Sold at 1.5% Cap Rate

Exchanged into three Jiffy Lube locations in Georgia (Marietta, Duluth, Holly Springs) – $2,875,000

  • Bought at 5.91% Cap Rate, a 394% increase in cashflow
  • 100% corporate backed leases
  • No owner responsibilities
  • 15 years left on leases