This 6,600 square foot commercial/industrial building had three bays and was in a fantastic district of the city. AMRIK purchased the property and put in the work to stabilize the building so it could easily be leased, then sold it.
Many commercial investors look for turnkey properties, yet in this scenario the goal was to take it from a rundown state and turn it into something that could be held and used to generate income for years to come.
With such a variety of retail, commercial and industrial establishments in the area, this property was a prime candidate for the new owner to lease as warehouse or industrial shop space
This property was an 8-month turnaround that yielded a 33% return on investment.