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Bridgewater Property
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INVEST
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Number Of Units
Acquisition Price
Acquisition Date
Hold Period
Project Level Projected IRR
Project Level Projected EM
Property Photos
Investment Highlights
Well Maintained Asset Acquired From a Motivated Seller
- This asset was acquired from a motivated seller well below their cost basis. The seller has invested $3.2 million in capital improvements since acquiring the asset and the property is very well maintained.
Low Basis and Strong In-Place Yield
- The metrics are highly favorable with an in-place cap rate of 7.12%.
Positive Leverage Day One with Favorable Financing
- We have obtained a 5-year fixed rate loan at 6.24% that is interest only for 24 months and open to pre-pay after 36 months. With a going in cap rate of 7.12% we have positive leverage immediately and a debit service coverage ratio of 1.53x and the asset will immediately produce distributable cashflow.
Great Location with Access to Employers
- As of October 2023, Orlando has a 2.9% unemployment rate.
- The Property is near strong employment centers.
- 10 minutes SE of Downtown Orlando – 13,200,000 SF of Office.
- 12 minutes N of the Airport – 50,178,000 annual passengers
- 13 minutes E of Orlando Health Regional Medical Center – 1.3K beds
- 15 minutes W of Lockheed Martin – 8,000 employees
Bridgewater Property on Map
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