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Below, are property holdings currently available. This page will be updated frequently, so
be sure to check back!
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HOTELS AVAILABLE
Contact us directly - We have several hotels in New York, Florida, and Mexico ranging
from $120 Million to $650 million. Must be able to prove purchasing power. A website with your information
will suffice.
(Posted 9-13-07)
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Assumable Loan $3,824,000
5.67% interest for 10 years
Interest only from 3/9/07 to 3/9/10
(Posted 9-11-07)
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160 Unit Apartment Complex in
Dallas, TX area
$4,800,000
($30K/Door)
-Well Maintained
-Strong Sub-Market
-Excellent Curb Appeal
-Easy Access to Entire DFW Metroplex
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100% Leased Office Building located in the Dallas area Over 500,000 SF ~ Class A Tenant ~ approx. 7% Cap Going in with Upside
$153 Million
Posted 8/28/07
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31, 431 SF Office Garden Building Located in Dallas, Texas
On LBJ Freeway
Being offered at $1,750,000
Posted 8/24/07
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136 Unit Complex located in Irving, Texas
Email t11@verizon.net for financials and more information.
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Approx. 73,344 SF
91% Leased As Of July 2007
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Approx. 143,746 SF
92% Leased As Of July 2007
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Approx. 30,664 SF
92% Leased As Of July 2007
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Dallas Office Portfolio and Houston Office Portfolio |
Buy Partial or Whole Portfolio |
1.2 million SF of office space in Dallas.
Over 2 million SF of office space in Houston.
Multi-tenant Class B and C buildings.
To obtain more information, please call or email.
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Prestigious Dallas Building Located in Dallas, TX and offered at $100 million. Buyers must provide verification of financial
capability to perform to receive specific details. Email or call for more information.
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Located near the intersection of Preston and Frankford
10,000 SF for $1.1 million
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Ashley Oaks Apartments
Tampa, Florida
$6,240,000
Highlights:
- Only $48k per door ~ the best deal in Tampa
- 95% + occupied
- Needs only one office and one maintenance person to
operate
- Turn key
Strong regional population growth
Ashley Oaks
is a 130-unit apartment community located in Tampa, Florida. This property provides a rare chance to own real estate
in the Tampa MSA market at an attractive price well below replacement cost. This property will provide great upside
when new management techniques are implemented, and additional capital improvements are done.
The property
is of concrete block construction with a stucco exterior. Ashley Oaks enjoys an excellent unit mix with 4 floor plans
for the 1 bedroom-1 bath units, and 2 floor plans for the 2 bedroom-1 bath units.
Ashley Oaks
is located within 2 miles of the University of South Florida (USF), which is the second largest University in the state.
USF has approximately 37,000 students, 1,500 faculty, and 11,000 full-time employees. Within the next couple of years,
USF will continue to grow and will add thousands of more students. The property is also located minutes away from Busch Gardens
Tampa Bay, one of the premiere theme parks in the entire country. In the last twelve months, the majority of the
units have turned over, at which time, their interiors were improved. RECENT
CAPITAL IMPROVEMENTS
The Palms Apartments
Tampa, Florida
$11,500,000
The property currently has one FHA-insured first mortgage loan that
was placed on the property in May of 2002. The first mortgage is technically
locked-out for pre-payment until June, 2012, but an early prepayment is currently being sought. Financials indicate a new 80% loan being placed on the property that assumes the existing debt is paid
off. Rents at the property are controlled through a HUD Section 8 HAP Contract
that runs through May, 2022. Through the expiration of the HAP Contract, the
property will receive annual OCAF (Operating Cost Adjustment Factor) increases.
Investment Highlights
· Mark-to
market restructuring finalized in June, 2002
· The
restructured first mortgage is locked-out from being pre-paid until June, 2012
· 100%
Project-based Section 8 rent subsidy contract; less than 2% economic vacancy in 2003
· Located in a Qualified (130% Basis) Census Tract for Low Income Housing Tax Credit rehab
· Rents
are at market from the 2002 restructuring
· Property
amenities include laundry facilities, meeting room, playground and barbecue areas
· Over
$211,000 in rehab, completed in 2003 from the restructuring
· The
owner receives Capital Recovery Payments of $549 per month through 2007
NOTE: Seller will assist buyer with down payment of $1,500,000 as a credit due for additional
rehab if needed. Principals only. We are dealing direct with the owner on this property - he is also a client
of ours both as a buyer and a seller.
Apartment Complex
Pasadena, Texas
$13,500,000
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