Acquired in February of 2018, East Tampa Warehouses was purchased due to its low price per foot and below market rents. Within a few years, we more than doubled the property's gross revenue which resulted in significant appreciation in value.  We also completed approximately $250,000 in capital improvements including a new roof, new exterior paint, new asphalt parking lots, new signage and improving the unit layouts to maximize rental income for the property.  

 

East Tampa Warehouses was acquired for $1,800,000.  Investors have received 100% of the initial equity back and are currently receiving monthly distributions well surpassing initial estimates.