Shopping Center Syndication 74,000 sq ft condoConv

Not Disclosed, NJ
Camden County

Asking Price: Annual Revenue:
$11,000,000 $1,200,000

Commercial Real Estate: For Lease Commercial Properties

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RE: Shopping Center Syndication 74,000 sq ft condoConv Broker: bob

Quick Facts

Asking Price: $11,000,000
Annual Revenue: $1,200,000
Net Profit: $1,200,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $11,000,000
Year Established: 1987
Employees: 30
BBN Listing #: 464746600
Broker Reference #: 1234567

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Business Overview:

We are putting together a limited partnership syndication the purchase a large shopping center, we are converting the center into condominium stores, We are selling the stores back to the tenants, My company is putting in one million dollars to full up the center with 3 empty stores , so that the center is 100% full.We will then sell everything and make 4 million dollars profit in 4 years.What is required is 1,500,000 down payment from investors, financing is in place.We will own 33% of the of the new company and give the other 67% to the investors.This is an excellent opportunity for any investors.

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Property Features and Assets:

Shopping center consists of 74,000 square feet, which will be converted into condominium stores and sold to the now tenants, If a tenant is paying $4000 a month rent, He will purchase his store and pay only a $2900 per month mortgage.The financing is all in place for the end loans for the now tenants to purchase their stores.

Market Competition and Expansion:

No competition.

Reason for Selling:

Moving out of country.

Additional Details:

  • The property is owned.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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