Terrado Plaza

750 Terrado Plaza | Covina, CA

60,006 Square Foot Office Complex


Details

Date Purchased: June, 2003
Purchase Price: $5,250,000
Sale Price: $8,500,000
Sale Date: December, 2004
Holding Period: 18 Months
Initial Investment: $1,824,019
Investor Proceeds from Sale: $4,545,652.00
Internal Rate of Return: 48%

Completed Business Plan

  • Purchased property and assumed existing note with a balance of approximately $3,700,000 at 7.39% interest, and 2 years remaining term
  • Completed cosmetic renovations to enhance the overall appeal and marketability of the Property
  • Leased the building to 98% and improved building efficiency
  • Sold the property for $8,500,000 resulting in a return to the investors of 103% over the 18 month holding period

Persius Creative