Wednesday, April 05, 2006

TIC Opportunity: Bonnevile Square Building, 530 South Las Vegas Boulevard, Las Vegas, Nevada 89101

Bonneville square is located in the booming Downtown las Vegas central business district. The property is situated within two blocks of several federal buildings and courthouses which provides an ideal location for its major tenants: the GSA (Us Federal Government / Federal Public Defenders office), Beckley, Singleton Chartered (law offices) and Wells Fargo Bank. These three major tenants occupy over 85,000 sq. ft. (96%) of the property with leases running through 2015, 2010, and 2014 respectively.

  • Skyrocketing downtown land prices will cause a barrier to entry for future office properties.
  • Long-term leases expected to provide stable cash flow into the foreseeable future.
  • Attractive black-glass design makes Bonneville Square a stunningly noticeable property amid the backdrop of Downtown Las Vegas.

- 7.00% Cash-on-Cash Return (Projected Year 1)
- 8.50% Cash-on-Cash Return (Projected Year 5)
- $750,000 Minimum Equity Investment
- 5.36% Fixed 10 Years – non-Recourse Financing

Please contact me for a complete marketing package for this oppportunity.

TIC Opportunity: Reno Tech Building, 10315 Professional Circle, Reno, Nevada 89521

Located in Reno’s rapidly growing South Meadows, the Reno Tech Building offers ideal conditions for companies searching for an excellent business environment.

The Reno Tech Building is a two-story multi-tenant office building with great visibility and easy access from interstate-395. The property was constructed in 2002 and contains approximately 60,446 rsF on 4.5 acres and is currently 100% leased to 5 tenants.

- 7.49% Cash-on-Cash Return (Projected Year 1)
- 8.52% Cash-on-Cash Return (Projected Year 5)
- $750,000 Minimum Equity Investment
- 5.485% Fixed 10 Years – Non-Recourse Financing

Please contact me if you're interested in receiving a full marketing package for this project.

1031 Exchange TIC Property: The Reserve at Charles Place, Plano (Dallas PMSA), Texas

The Reserve at Charles Place, Plano (Dallas PMSA), TexasA 264-Unit Class “A” Luxury Apartment Community

Minimum TIC Investment $300,000

Located at 4701 Charles Place, Plano, Texas 75093, The Reserve at Charles Place is situated in the "high growth," far north Dallas/Plano area due east of the Dallas North Tollway and is only a few miles south of State Highway 121. Additionally, the Reserve at Charles Place is a few miles south of the Frisco Bridges, a 715-acre master planned tract of land developed by Gaylord Properties and is in close proximity to the Platinum Corridor™.

The Reserve at Charles Place was completed in 1998 and includes amenities such as a clubhouse, business center, game room, theater area and lounge, resort-style swimming pool with sun deck, outside surround sound in pool area, two playgrounds, 24-hour fitness center, jogging trail, direct access garages (one or two-car with remote control), on-site courtesy officer and more. Unit amenities include steel door entry, ceiling fan, nine-foot ceilings, crown molding, ceramic tile in the entryway and kitchen, garbage disposal, multi-cycle dishwasher, frost-free refrigerator with icemaker, built-in microwave, walk-in closets, full-size washer/dryer connections, wired for DIRECTV®, patio or balcony and more. Select units have vertical blinds, outside storage on the patio or balcony, 75-gallon water heaters, dual zone air conditioning and heating, double vanity, separate dressing area, glass-enclosed shower stall, fireplace with cast stone mantle and surrounding built-in bookshelves, built-in entertainment center and vaulted ceilings.

The Reserve at Charles Place is situated in Plano, Texas, which is the eighth largest city in Texas, the second largest city in the Dallas Primary Metropolitan Statistical Area ("PMSA") and the largest city in Collin County, one of the fastest growing counties in the United States. The city of Plano is located about 20 miles north of the Dallas Central Business District ("CBD") and covers approximately 72.5 square miles. According to the Census 2000, Plano was the 11th fastest growing city in the United States for cities with a population of more than 100,000.

The project highlights include:

  • $32,917,500 acquisition price
  • $13,867,000 equity investment
  • 6.09% CAP rate
  • 5.51% year one cash-on-cash yield (pro forma)
  • 7.01% five-year cash-on-cash yield (pro forma)
  • $124,688 per unit (approx.)
  • Built in 1998
  • Exceptional unit and community amenities, most units with attached garages
  • Located in the “high growth,” far north Dallas/Plano area, 22 miles north of Dallas Central Business District
  • Approximately 65,000 employees work within a 3-mile radius of the property
  • Census 2000 reported Plano as the 11th fastest growing city in the U.S. with a population of more than 100,000
Please contact me for a full marketing package for this investment opportunity.