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LBX is a best-in-class lifestyle retail asset located adjacent to Long Beach Airport and the community of Lakewood. The newly built Class A property is comprised of 246,500 SF on 24 acres. LBX has a dynamic tenant mix including Whole Foods, Nordstrom Rack, TJMaxx, PetSmart and an exciting collection of over 20 popular dining options.
With institutional quality tenancy, elevated design, and an exceptional location, LBX is expected to generate consistent distribution with upside from capital appreciation.
Gateway Center (the “Property”) is a 79,001 square foot value-add retail center located just east of I-5 in Mission Viejo, California. Serving as a preferred retail destination for the affluent, master planned communities in South Orange County, Gateway Center is 81.3% leased to a diverse mix of daily-needs and service-oriented tenants as well as national brand retailers.
10X Living at Fort Lauderdale was acquired in the beginning of the quarter and it is centrally located between Downtown Fort Lauderdale, Port Everglades, Broward Health Medical Fort Lauderdale International Airport and the famous Fort Lauderdale Beach. The property’s strategic location and excellent highway connectivity provides shortened commutes to Broward County’s major employment centers and notable social points of interest. Amenities include state of the art fitness center, yoga studio, outdoor living space, also many walkable retail stores are nearby including Publix, LA fitness, and Whole Foods.
The Boxabl mission is to significantly lower the cost of homeownership for everyone. Obsessively designed to the highest standards of quality, strength, and sustainability to last for generations.
** Purchased for 250k, from a foreclosure auction, with a current value of 650k. Once Rehabbed and leased, the building will be worth “comp value” at 900 k
Rehab includes:
Roof & Electrical
Unit upgrades
Leasing and Management
Projected IRR 49.5%