Haven Business Center

2121 and 2151 Haven Avenue | Ontario, CA

26,432 Square Foot Office Buildings


Details

Date Purchased: September, 2012
Purchase Price: $2,675,000
Sale Price: $4,655,000
Sale Date: February, 2015
Holding Period: 28 months
Initial Investment: $1,250,000
Total Investor Proceeds: $2,501,889
Internal Rate of Return: 33.6%

Completed Business Plan

  • Acquired Haven Business Park from a distressed seller.
  • Executed multiple leases to stabilize the property.
  • Sold the project after a two year hold period for a price which more than doubled investor capital.
  • Implemented a 1031 exchange in order to defer capital gains tax attributable to the sale.

Persius Creative