Leasing and Marketing
What are two marketing strategies Group 9 LLC will use to market their properties?
Online property listing outlets & Local business marketing
What street is our property located on?
Chancellor Street
How much equity is Group 9 LLC. putting up?
$700,606.53
What is one of the economic drivers for the property?
Walking distance from Center City
What two lease options is Group 9 LLC offering their tenants?
Renewal and Cancellation Options
How far is the nearest airport?
Under 10 miles
What is the loan needed to acquire the property?
$1,014,708.00
What is the average amount of time a roof will last?
20 years
What are the four possible capital expenditures Group 9 LLC may have to invest in?
HVAC, Roof, Plumbing, & Eletrical
How long of a walk is the nearest Septa station?
3 minutes or .2 miles
What is Group 9 LLC.'s internal rate of return?
22.00%
What are some key renovations being conducted during this project?
New appliances and granite countertops
How will the property management company be compensated?
8% of the Effective Gross Income
What is our main economic driver?
Jefferson University & Hospital
What is our total renovation costs (including our equity and investor equity)?
$250,000
What is one of the main concerns during the renovation?
Renovation going longer than expected