Wednesday, 06 September 2023 07:50 PM
Company Update
CHICAGO, IL / ACCESSWIRE / September 6, 2023 / Raises.com Inc. (the "Company" or "Raises.com") is pleased to announce a project located in the heart of Chicago's thriving Little Village neighborhood, a property spanning 14,806 square footage presents an investment opportunity. With a purchase price of $5,400,000, the property showcases its immense potential through its 100% occupancy rate and robust demographic dynamics.
Highlights:
- Located in Chicago's bustling Little Village neighborhood benefiting from high foot traffic and consumer activity.
- Triple Net Long-Term Lease Tenants.
- 100% Occupancy rate.
- Current scheduled rent increments enhancing revenue prospects.
- Exceptional Price per Square Foot at $371.
- Solid CAP RATE at 6.26%.
- Debt amount at $3,240,000 with a Debt/Year of $170,100.
- The promising exit strategy: 3-year refinance or 5-year sale.
- An intriguing telecom investment model with a CAP RATE of 8.4%.
This premier property, positioned in an exceptional location, is characterized by its recession-resistant tenants and the presence of triple net leases. Further, it is slated to see regular rent increments, solidifying its potential as a high-return investment avenue.
Adding to its appeal, the property boasts a 6.26% CAP RATE and an NOI of $338,267, with the added benefit of its recent build in 2009. With the last sold price of $3,750,000, its current valuation marks a significant appreciation.
Delving into the telecom sector, an intriguing model is showcased with a 6-year telecom payment of $101,667, and an 8.4% CAP RATE. The Gross Rent Income stands at an impressive $617,961, further emphasizing the property's strong income potential.
Why This Deal Stands Out:
- Triple Net Long-Term Lease Tenants: A secure and hassle-free leasing model promising consistent returns.
- Assumability Loan: Financial flexibility for investors.
- Prime Location: Nestled in a vibrant neighborhood, the property attracts consistent foot traffic, ensuring high occupancy and rent rates.
- For investors seeking a strategic blend of location, revenue potential, and strong tenant dynamics, this Chicago property is unmatched. It encapsulates the vision of high ROI and sustainable income, backed by strong property fundamentals and a dynamic neighborhood ambiance.
Potential investors and real estate enthusiasts can reach out directly to Brandon by emailing [email protected] for more details and discussions regarding this prime investment opportunity.
Contact:
[email protected]
Brandon Howliet
President/Owner
Branstar Capital Inc.
773-551-4999 Cell
773-270-3286 Office
Disclaimer
This post is subject to: Raises.com/disclaimer
NEITHER THE CANADIAN SECURITIES EXCHANGE, NOR THEIR REGULATIONS SERVICES PROVIDERS HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACYOF THIS RELEASE
This press release contains "forward-looking statements." Forward-looking statements can be identified by words such as: anticipate, intend, plan, goal, seek, believe, project, estimate, expect, strategy, future, likely, may, should, will and similar references to future periods. Examples of forward-looking statements include, among others, statements we make regarding changing the Company's name.
Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: shareholders approving the change of name to Raises.com, the adequacy of our cash flow and earnings, the availability of future financing and/or credit, and other conditions which may affect our ability to expand the App Platform described herein, the level of demand and financial performance of the cryptocurrency industry, developments and changes in laws and regulations, including increased regulation of any industry through legislative action and revised rules and standards applied by the Canadian Securities Administrators, Ontario Securities Commission, and/or other similar regulatory bodies in other jurisdictions, disruptions to our technology network including computer systems, software and cloud data, or other disruptions of our operating systems, structures or equipment.
Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. Except as required by applicable securities laws, we undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
SOURCE: Raises.com Inc.