Tallahassee, FL (Aug 1, 2024) — Crossway Plaza, a premier commercial property strategically located in the heart of Florida's State Capital, has caught the attention of savvy investors seeking high returns and stable income streams. This 25,920-square-foot shopping center, situated on a sprawling 4.22-acre lot, exemplifies the potential of prime real estate investment. With a 100% occupancy rate and a targeted cash-on-cash return of 14%, Crossway Plaza stands out as a robust addition to any investment portfolio.
A Hub of Activity and Convenience
Positioned on Crawfordville Highway, Crossway Plaza benefits from 431 feet of frontage, ensuring high visibility and a steady flow of potential customers. The center's prime location, just 4 miles from the airport, offers unparalleled accessibility and sustained foot traffic. Within this bustling area, tenants include popular businesses such as an Internet Cafe, tattoo shops, barber shops, nail salons, and a laundromat, all contributing to the property's strong financial performance.
Strong Financial Performance
Investors will appreciate Crossway Plaza's impressive financial metrics. The property boasts a gross lease structure, where the owner covers property tax and water expenses, ensuring reliable income streams. The projected internal rate of return (IRR) of 26% and an equity multiple of 2.41 highlight the substantial returns this investment offers.
Management Strategy for Long-Term Success
The management plan for Crossway Plaza is designed to maximize returns and ensure long-term success. Key steps include:
Operate: Maintain full occupancy and excellent property condition for a duration of 7 years. Promptly fill any vacancies to sustain stable income.
Refinance: Implement a refinancing strategy before October 2026, in the third year of operation. This aims to potentially return some or all of the investors' principal.
Continuous Payout: Sustain investor payouts post-refinancing, ensuring a substantial portion of positive cash flow.
Sell: Explore the possibility of selling the property around the 7-year mark, contingent upon market conditions, to maximize return on investment.
Why Invest in Crossway Plaza?
Lucrative Returns: With a target average cash-on-cash return of 14% and an IRR of 26%, Crossway Plaza offers substantial returns on investment.
100% Occupancy: The property's full occupancy rate demonstrates its appeal and reliability in attracting and retaining tenants, making it a highly desirable investment.
Prime Visibility: The 431 feet of frontage on Crawfordville Highway guarantees high visibility and a steady stream of potential customers.
Strategic Location: Located near the Florida State Capital and just 4 miles from the airport, Crossway Plaza offers exceptional accessibility and visibility.
Offering Details
Property Acquired: May 1st, 2024
Limited Equity Offering: We are offering a limited amount of equity to investors for a limited time, providing an exclusive opportunity to partake in this prime investment.
Contact Us
Investors interested in learning more about Crossway Plaza and other lucrative opportunities can contact our team for more information.
Rore Investing provides accredited investors with access to institutional-quality commercial real estate assets, specializing in high-demand sectors such as strip malls and retail centers. We focus on syndications and source opportunities both on and off-market nationwide. From acquisition to disposition, Rore Investing oversees the entire investment lifecycle in-house, leveraging top talent in legal, acquisitions, leasing, and other key areas. For more information, visit www.roreinvest.com.
Disclaimer: An investment in commercial real estate is subject to risk, including the risk that all of your investment may be lost. Any representations concerning investing in commercial real estate, including, without limitation, representations as to stability, diversification, security, resistance to inflation, and any other representations as to the merits of investing in commercial real estate reflect our belief concerning the representations and may or may not come to be realized. Cash distributions are not guaranteed.
A warehouse is a commercial building used for storage of goods and products. Warehouses are essential for businesses that require inventory management and distribution. In recent years, investing in warehouses has become increasingly popular due to their potential for providing a steady source of rental income and potential for capital appreciation.
Investing in warehouses can be an attractive option for those looking to diversify their investment portfolio and capitalize on the growing demand for industrial real estate. However, like any investment, it's important to conduct thorough due diligence and consider a range of factors before making any investment decisions.
Why is investing in warehouse a good idea?
Investing in industrial warehouses offers several benefits, including:
1. Steady Rental Income: Industrial warehouses are usually leased out to tenants on long-term contracts, providing a reliable source of rental income.
2. Low Vacancy Rates: The demand for industrial warehouses has been increasing due to the growth of e-commerce and the need for efficient logistics. This has led to low vacancy rates and potential for rent increases.
3. Potential for Capital Appreciation: As demand for industrial warehouses increases, property values may appreciate over time.
4. Diversification: Investing in industrial warehouses can help diversify your portfolio and reduce your risk exposure.
What to Look for When Investing in Industrial Warehouses
When investing in industrial warehouses, consider the following factors:
1. Location: The location of the warehouse is crucial and can impact the demand and potential for rental income. Look for warehouses located near transportation hubs such as airports, seaports, and highways.
2. Height: Consider a warehouse's vertical capacity, also known as "clear height," in addition to its floor space. Clear height refers to the unobstructed space within the building and is measured from the floor to the roof. This measurement determines the stacking potential of the contents stored in the warehouse, such as crates and boxes.
3. Building Quality: The quality of the building can affect its ability to attract tenants and potential rental income. Look for well-maintained buildings with modern features such as high ceilings, loading docks, and ample parking.
4. TenantQuality: Consider the quality of the tenant and their ability to pay rentover the long term. Look for tenants with a solid financial track record and astrong business model.
5. LeaseTerms: Review the lease terms carefully, including the length of the lease,rental rate, and any renewal options. Long-term leases provide more stability,while shorter-term leases may offer more flexibility.
Different Types of Warehouses
There are several types of industrial warehouses, including:
1. Bulk Warehouses: These are large buildings used for storing goods in bulk, such as raw materials or finished products.
2. Distribution Centers: These are facilities that are used for receiving, storing, and distributing goods to customers.
3. Cold Storage Warehouses: These are facilities that are used for storing goods that require refrigeration or freezing, such as food products or pharmaceuticals.
4. Flex Space Warehouse: Flex space warehouses combine warehouse and commercial space in a flexible and customizable layout. They provide businesses with adaptable industrial space, making them an attractive option for small and medium-sized businesses.
No Offer of Securities—Disclosure of Interests. Under no circumstances should any material at this site be used or considered as an offer to sell or a solicitation of any offer to buy an interest in any investment. Any such offer or solicitation will be made only by means of the Confidential Private Offering Memorandum relating to the particular investment. Access to information about the investments are limited to investors who qualify as accredited investors within the meaning of the Securities Act of 1933, as amended, or those investors who generally are sophisticated in financial matters, such that they are capable of evaluating the merits and risks of prospective investments.
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