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Ulrich City Centre
Category:
Income/Investment
Description of Property at
80 Main Street & 175 Walnut Street
The Ulrich City Centre is a multi-use commercial property consisting of 2 separate buildings and 12 total units of various square footage. The total purchase price and closing costs for this project are $2,750,000. Arcane Properties will be securing a traditional commercial loan for 80% of the value in the first position and is seeking accredited investors who have interested in funding some or all of the $600,000 for the remaining 20% of the project. The minimum investment is $100,000. Interest will range from 8% - 12% annualized based on the total investment amount. The larger the investment the higher the interest rate. Investors will collect interest-only payments for a period of up to 5 years. Payback of lender funds will occur from the proceeds of investment as quickly as possible. Arcane Properties anticipates closing on or before February 28th, 2020. Tennant Details: + 6 professional businesses + 3 Medical-Based Businesses + 2 Restaurants + 1 Retail Store + 100% occupied with Triple Net Leases + 2%+ yearly escalations + Common Area Maintenance included in leases
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