Latest acquisition

Posted on by • 0 Comments

I’m pleased to report that we have now closed on the latest acquisition for the Fund: an 29,800 square foot flexible-tenant industrial building in Cape Coral (Ft Myers) Florida.

The property was acquired for $900,000, or $30.20 per square foot. This represents excellent value for money as the building has been insured for estimated replacement value of $1,788,000. Also negotiated was $300,000 owner finance at 4.5% interest-only for seven years.

More information will be posted soon on the property profiles page.

General Advice Warning: This information is of a general nature only and does not take into account your objectives, financial situation or needs. You should consider the Product Disclosure Statement (dated 4 July 2018) issued by Plantation Capital Limited ACN 133 678 029 AFSL 339481 in deciding whether to acquire an interest in the Passive Income (USA Commercial Property) Fund. PropertyInvesting.com Pty Ltd is an authorised representative of Plantation Capital Limited ABN 98 096 059 353, AFSL 339481. Past performance is not a guarantee of future performance.