Real Deals: We Created $15M in Value on This Commercial Property (In Year One)

Some commercial real estate investments don’t look like obvious winners on the surface. Complexity, uncertainty, and unanswered questions scare many investors away, but they can also lead to some of the best opportunities . That was certainly the case with the deal I’m about to show you: a great asset, in a great location, with more than a few hurdles along the way. Today’s Sunrise Capital Investors case study involves a $33.2 million parking garage in Clearwater Beach, Florida . This was one of the most complex projects we’ve ever taken on, but through conservative underwriting and a figure-it-out mentality, we turned a complicated acquisition into one of the best-performing assets in our entire portfolio . The deal required us to purchase the property in phases, coordinate with two different sellers, and navigate a nerve-wracking bidding process. Yet on the other side of these challenges was a unique asset that now generates millions in annual revenue . I’m breaking down all of the numbers, how we negotiated a triple-net lease with a corporate-level guarantee, and the value-add initiatives that increased the property’s value by over $15 million in year one . Insights from today’s episode: Case study: the $33 million Clearwater Beach parking garage deal Three takeaways from this complicated commercial real estate deal How to find off-market opportunities without cold calling or sending direct mail The immeasurable value of networking and nurturing industry relationships How to get a head start on value-add opportunities before you close The complexities of purchasing one asset from two owners — Read the North Beach Parking Plaza Case Study Recommended Resources: If you’re a high-net-worth investor with capital to deploy in the next 12 months and you want to build passive income and wealth with a trusted partner, click here for opportunities to invest in real estate projects alongside Kevin and his team. Accredited Investors, you’re invited to Join the Cash Flow Investor Club to learn how you can partner with Kevin Bupp on current and upcoming opportunities to create passive cash flow and build wealth. <a target="_blank" re