Case Study

Shaw Avenue Office Complex

Project Overview

  • 1543 W Shaw Ave was acquired in August 2021 for $887,500 with the plan of renegotiating leases to increase the income then flip the building for a profit.
  • The leases were renegotiated, a few tenants were paid to leave, and those vacant suites were leased to new tenants.
  • The gross revenue increased by 26% and the building sold for $1,375,000 in October 2021.
  • The cash on cash return was 89.42%, on the total investment of $495,268, in the 77 days it took to flip the building.

Purchase Date

August 2021

Acquisition Price

$887,500

Buildings Acquired (SF)

One (11,016 SF)

Occupancy at Acquisition

100%

Hold Period

3 Months

Equity Multiple

1.89x

89.42%+ Cash on Cash Return