Looking For Equity Partners

100,000 square feet of industrial space in Chicago. Purchase price just over $15 per foot. 50% leased with 1.3 DCR on day one. The idea is to divide and lease the remaining space then refinance. Have a track record of similar buildings nearby so I can show you how the finished product works.



Purchase, $1.65 million

Renovation $2.0 million

ARV $7.million



Turnaround time 3-4 years.



Looking to raise additional $250,000 to supplement funds already committed.



Would take subscriptions as low as $25,000 but would prefer $50,000.





[ Edited by commercialking on Date 09/21/2008 ]

Comments(3)

  • commercialking22nd September, 2008

    Chet--

    I have sent you an e-mail. Any other takers?

    Mark

  • ramgon128016th July, 2009

    Just curious. How did this pan out?

  • dnburgess1212th October, 2009

    Would you mind sending more info on your project, my fund is doing construction and rehab type deals right now and we may be able to help you.

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