We are excited to offer you our 10th joint venture with Steve Fithian! Our newest offering provides a strong recession resistant asset class in a diversified, growing metro.
We have under contract the $8,500,000 asset and are looking to raise $2,400,000, with $50,000 minimum investment. Open to accredited and non-accredited investors, this cash flowing investment pays 8% dividends from day 1 via a preferred return.
We have under contract a 17 Unit Class B office plaza located in Fort Wayne, IN. The property was built in 1988 and has an occupancy of 85.6%. Our strategy is to bring occupancy to market and increase rents. We project that investors will double their investment during the 5 year projected hold.
The executive plaza has a mix of national credit tenants and government entities (such as Indiana IRS), all with long-term NNN leases in place.
Our property is only 4 minutes away from downtown Fort Wayne, which has a well diversified economy. It has a thriving medical industry, with one of the highest concentrations of orthopedic surgeons in the world, and strong automotive, food, and beverage industries. Fort Wayne also has had increasing population growth that continues to increase year after year.