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I hope this finds you doing well, enjoying your summer.
We are currently accepting capital partners for the following two transactions, so please let me know if you would like to participate in one or both.Â
Sugar Creek: Located in the upscale suburb of Sugar Land, in Houston, Texas. This is a cash-flowing, 143,000 SF, Class B+ office building in one of the areaâs most affluent and fastest-growing suburbs that we recently acquired. The property is an 80% leased asset, providing ample current cash flow and the opportunity to lease the vacant space at market rents.
- ±143,000 SF office building in a thriving Houston suburb
- 80% leased: Offers in-place security with a compelling upside
- Average annual cash-on-cash return of 9.4%
- 3-year hold
- 18.2% Investor Level IRR
- 1.59x equity multiple
- Total Acquisition Cost: $28.7 million
- Executive Investment Summary: [click here to view.](
- Remaining Equity Investment Required: $2.1 million. Asset recently acquired.
Meridian Office Campus (Western Unionâs former Corporate Headquarters): This value-add opportunity is comprised of 391,000 square feet in a two-building Class A office campus located in an affluent suburb of Denver, CO. The property is 41% leased, solely because a Fortune 500 company decided to build and expand their headquarters nearby, leaving a fantastic opportunity to sign a long-term tenant for this Class A complex.
- ±391,240 SF located in Denver Metro office park
- 41% leased: Existing tenancy should provide positive cash flows during the interim of the planned lease-up by 2022
- Purchase price of $46 million ($117/SF), is less than 29% of the estimated $160 million replacement cost value ($400/SF)
- 4-year hold (potential exit at 12 months upon 100% occupancy, if preferred)
- 20.9% Investor Level IRR
- 2.08x equity multiple
- Total Acquisition Cost: $51.5 millionÂ
- Executive Investment Summary: [click here to view](.
- Total Debt: $33.5 millionÂ
- Total Equity Required: $19 millionÂ
- Closing Date: August 15, 2019Â
If you would like to invest in our Sugar Creek opportunity, you can view the investment documents, and complete your commitment here: [(. If you are interested in the Meridian Office Campus, please respond directly to this email.
Should you have any further questions or needs, please let me know.
Thanks you for your time and consideration.
This e-mail neither constitutes an agreement to conduct transactions by electronic means nor creates any legally binding contract or enforceable obligation in the absence of a fully signed written contract. We are not providing investment advice through this email and this email should not be regarded as an offer to sell, or a solicitation of an offer to buy, any securities.  This email and any files transmitted with it are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error please notify the sender immediately and then delete this email. No warranty or representation, express or implied, is made as to the accuracy of the information contained in this email and is subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions, imposed by our principals This message may contain information that is confidential, subject to copyright or constitutes a trade secret. Any views or opinions presented are solely those of the author and do not necessarily represent those of the company.
Northstar Commercial Partners
1999 Broadway, Suite 3500 | Denver, CO 80202 United States
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