Representative Transactions

SHOPPING MALL:
CENTENNIAL PLAZA
HAYS, KANSAS

Value Add Equity

  • 16 units
  • Built 1966
  • Purchased May 2007
  • Acquisition price $2,450,000
  • Equity invested $662,357
  • IRR: 21.39%

Details

  • 52,000 Sq. Ft. indoor mall and strip center stores
  • Condition at purchase: run down, tired and outdated
  • $250,000 spent over 8 years on upgrades and modernization
  • Rents raised from avg. $4.00 Sq. Ft. to $8.50 Sq. Ft.
  • $300,000 per annum rent roll and rising
  • Great cash flow
  • Sold November 2017 $3,400,000
 

CONDOMINIUM:
MIZNER COURT
BOCA RATON, FLORIDA

Value Add Equity

  • 1 unit
  • Built 1985
  • Purchased July 2015
  • Acquisition price $452,660
  • Equity invested $452,660
  • IRR: 10.27%

Details

  • Purchased from a bank as an REO
  • 1760 Sq. Ft. 2 bedroom, two bath condominium on the highly exclusive Boca Beach Club Estate
  • Purchased in good condition, having been partially renovated to a very high standard
  • Very little expenditure ($30,000) to finish the rehab
  • Sold in 9 months for $575,000 in April 2016
Alternative Investment Opportunities
 

RESIDENTIAL:
NW27th AVENUE
BOCA RATON, FLORIDA

Value Add Equity

  • Single family detached home
  • Built 1985
  • Purchased Feb 2013
  • Acquisition price $205,000
  • Equity invested $205,000
  • IRR: 12.5%

Details

  • 2278 Sq. Ft. 3 bedroom, 2 bath detached single family home
  • Purchased in good structural condition with only aesthetics needing attending to
  • Acquired below market from a bank as an REO
  • Took three months of easy rehab, costing $33,000
  • Sold in only 8 months for $322,000 in October 2013
Investment Syndicate Florida

Historical Returns

Past & Present Portfolio

PROPERTY NAME PROPERTY TYPE  CITY         STATE YEAR ACQUIRED      VALUE IRR
Quail Run Drive Single Family Detached Home   Agoura Hills CA January 2001 $1,100,000 23.85%
Adohr Lane Light Industrial Park Camarillo CA November 2003 $3,200,000 22.89%
Cabot Place Light Industrial Park Ontario CA January 2004 $1,600,000 2.97%
Gardena Business Park Light Industrial Park Gardena CA February 2004 $3,775,000 32.82%
Centennial Plaza Shopping Mall Hays KS May 2007 $3,400,000 >100%
North Valley Strip Shopping Center Topeka KS July 2007 $1,950,000 >100%
NW 25th Terrace Single Family Detached Home Boca Raton FL January 2012 $330,000 12.77%
27th Avenue Single Family Detached Home Boca Raton FL April 2012 $322,000 12.50%
Marbella Condominium Single Condominium Unit Boca Raton FL March 2012 $950,000 12.45%
Holt Avenue Strip Shopping Center Pomona CA November 2014 $1,310,000 68.20%
NW 13th Street Single Family Detached Home Boca Raton FL January 2015 $89,000 56.06%
Mizner Court Single Condominium Unit Boca Raton FL July 2015 $575,000 10.27%
Sunny Isle Circle Single Family Villa Boca Raton FL March 2016 $215,000 21.00%
Thurlow Drive Single Family House Boynton Beach FL March 2016 $241,000 19.41%
Nicia Way Single Family Home Greenacres FL May 2016 $127,000 >100%
Alta Meadows Lane Single Family Home Delray Beach FL May 2016 $204,000 57.00%
Park Street Land Juno Beach FL July 2016 $30,000 0%
Riverside Drive Single Family Home Lake Worth FL July 2016 $92,000 >100%
Margate Blvd Single Family Home Ft Lauderdale FL August 2016 $150,000 >100%
Blue Heron Blvd Land Riviera Beach FL October 2016 $700,000 13.87%
Marbella Condominium* Single Condominium Unit Boca Raton FL April 2017 $1,155,000 25.50%
Admirals Walk Single Condominium Unit Boca Raton FL January 2018 $1,075,000 0%
Regency Highland Single Condominium Unit Highland Beach FL March 2018 $825,000 2.37%
The Hamptons Single Condominium Unit/w Cabana Palm Beach FL June 2018 $6,175,000
10.90%
Greenacres Single Condominium Unit Greenacres FL December 2019 $127,300 17.53%
Capri H Single Condominium Unit Delray Beach FL January 2020 $130,000 8.20%
Burgundy M Single Condominium Unit Delray Beach FL April 2020 $135,000 14.32%
Delray Beach Project Land For Development Delray Beach Fl March 2021 $11,600,000  Three Townhomes (One Sold)
Completion March 2025
        Total $44,372,00  
                                          
                   IRR Percentages Are Based Cash On Cash - *2nd Unit Bought In Condominium Building - Last Updated May 2024