Based on the investment cost of $6 million for 100% of the investment purchase of the properties from the current owner who is interested in retaining a joint venture partnership in this investment. The total purchase price is $6 million for 100 total shares available for investment. This property as a single tenant lease with the GSA are projected to provide an aggregate annual cash flow yield of approximately 5.28% the first year following the completed renewal of the lease by GSA for the beneficial ownership interests in the Property Partnership. The aggregate annual cash-flow yield is expected to increase on an annual basis from $404,946 in year one to $477,836 in year ten based on contractual lease terms and fixed-rate projection of 2% annual. Projected aggregate first-year net cash from operations of the Properties is estimated to be approximately $316,545. These projections are net total of any debt service, total annual Administrative Fees to the Fiduciary Manage of $8,098 and total projected Administration and Property expenses of $88,401 which includes an annual fee to the Fiduciary Trustee.
The GSA- US Department of Veterans Affairs Building (VA) is a single tenant leased office investment located a few blocks from Holy Family Hospital in North Spokane. The VA currently occupies 13,722 RSF, which is 100% of the building.
- The GSA - VA is a US Government lease - with a new 10 year renewal coming due in May 2019
- Beautiful Class A building in an A+ location
- Opportunity for increased cash flow May 2019
- Minimal landlord responsibilities
Beautiful brick building built in 1995; completely remodeled in 2009. Tenant improvement allowance negotiable. Security system & key card entry. State-of-the-art building. Spokane Veterans Administration is the other tenant in the building. One month of free rent for every year on an executed lease.
Is Real Estate Investing Right for You?
Diversify your portfolio with institutional-quality, expertly reviewed, Commercial Real Estate investments previously out of reach to the individual investor.
You Want to Diversify
You are looking for ways to diversify your investments by adding real estate to your portfolio.
You Are Interested in Real Estate
You are interested in investing in real estate but lack the capital or knowledge to invest in diverse income producing real estate projects.
You Need a Partner
You lack the experience or confidence to select real estate investments on your own.
You Are Looking for Tax Benefits
You are considering real estate as an investment tool to both generate income and receive tax advantages.
Why Invest With Us?
Local Advisers, Projects & Experience
Return on Investment
Our income-producing properties (purchased with our funds) have historically outperformed the S&P markets.
Investment funds are applied to pre-qualified real estate projects that produce immediate income and tax benefits.
Equilus Capital Partners is proud to be the only local fund registered with the NASDAQ.