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Commercial Real Estate, Jacksonville FL
Project type
Investment Opportunity - Follow-on Equity Offer
Location
Jacksonville, Florida
Proposal
Re-opening Investment in respect of a follow-on equity offer to fortify Jacksonville Tower as the leading premium office property within the market. The strategy to increase leasing velocity and drive both occupancy and net effective rents even higher is a focus of delivery over the next 24-36 months, negotiating more favourable TI packages as vacancy becomes scarce within the building. A view on increasing revenues to further capture flight-to-quality is planned, created from strategic renovation improvements to the asset which in turn will provide occupancy and rental rate increases in less than 24 months. A decrease in expenses reducing loan to value is also an area of priority, which will in turn reduce interest repayments by $8.0m USD in just 4 years, which will benefit investors and stakeholder returns.
Equity Raise
$35.0m USD
Investment Term
7 year hold with a 2.19 x multiple return
We are pleased to present a unique and exciting re-opening equity investment opportunity in respect of Jacksonville’s tallest building, and a first class fully operational tenanted commercial office development located at Jacksonville Tower, Florida. USA.
This is a unique re-opening investment opportunity within the Florida commercial real estate market presented by Lance Stefanos Investments, with a strong upside return and a stable holding period for the opportunity of double multiple growth on original investment.
Re-opening has now commenced and any questions you may have then please do not hesitate to contact us, where we will be available to further discuss details of the opportunity.