315 Elizabeth Sales Rep Quiz

PrettySunstone avatar
PrettySunstone
·
·
Download

Start Quiz

Study Flashcards

44 Questions

What is the purchase price of the industrial property in Lenoir, NC?

$4 million.

How many long-term clients are currently occupying the industrial property?

Three.

What is the target rent per sq ft for the industrial property?

$2.42.

What is the expected annual revenue for the industrial property at an 85% occupancy rate?

$2.2+ million.

How much does Rore Investing plan to invest in renovations by the end of Q4 2023?

$1.2 million.

What is the appraised value of the industrial property 'as is'?

$9.8 million.

What is the targeted internal rate of return (IRR) for investors on this investment?

73%.

How far is the industrial property located from Charlotte?

1.5 hours.

What is the current average industrial rent in the Caldwell County submarket?

$4.10/SF.

What is the expected increase in property value after renovations are completed?

$17.1 million

What is the projected occupancy rate for the industrial property?

85%

What is the cash-on-cash return investors can expect in the first year?

11%

What is the cash-on-cash return investors can expect in the second year?

28%

What is the targeted rent per sq ft compared to the average rent in the submarket?

69% lower

What is the planned rate for the 24-month bridge loan?

12%

What is the expected equity multiple for the industrial property investment?

2.28

What types of real estate assets does Rore Investments currently own?

warehouses, retail spaces, and hotels

What is the purchase price of the warehouse in High Point, NC?

$1.9 million

What is the appraised value of the industrial property 'as is' compared to the purchase price?

over two times

What is Rore Investing's history in successful sales?

Rore Investments has sold assets such as hotels and multi-family properties, with some generating an equity multiple of over 2.

What is the purchase price of the warehouse in Hickory, NC?

$2.55 million.

What is the interest rate of the 24-month bridge loan included in the investment plan?

12%.

What is the expected property value after renovations are completed?

$17.1 million.

What is the percentage difference between the target rent and the average industrial rent in the Caldwell County submarket?

69%.

What is the projected occupancy rate for the industrial property?

85%.

What is the targeted cash-on-cash return for investors in the second year?

28%

What is the expected value of the industrial property after renovations?

$17.1 million

Where is Rore Investments based?

Florida

What types of properties does Rore Investments currently own?

warehouses, retail spaces, and hotels

What was the purchase price of the hotel in Miami, FL?

$15 million

What is the targeted rent per sq ft for the industrial property compared to the average rent in the submarket?

69% lower

What is the expected annual revenue for the industrial property at an 85% occupancy rate?

$2.2+ million

What is the expected internal rate of return (IRR) for investors on this investment?

73%

What is the target rent per sq ft for the industrial property in Lenoir, NC?

$2.42

What is the targeted occupancy rate for the industrial property?

85%

What is the rate of the 24-month bridge loan included in the investment plan?

12%

What is Rore Investing's history and current assets summary?

Rore Investing is a real estate investment firm based in Florida. The company's current assets include warehouses, retail spaces, and hotels in various locations across the US. Rore Investments has a history of successful sales, with some assets generating a return on investment of over 100%.

What is the purchase price of the warehouse in High Point, NC?

$1.9 million

What is the purchase price of the warehouse in Hickory, NC?

$2.55 million

What is the purchase price of the retail space in Tallahassee, FL?

$960,000

What is the purchase price of the hotel in Boynton Beach, FL?

$8.8 million

What is the equity multiple generated by the sale of a hotel in Jacksonville, FL?

146%

What is the equity multiple generated by the sale of a multi-family property in Michigan?

123%

What is the current average industrial rent in the Caldwell County submarket compared to the targeted rent for this property?

69% higher

Study Notes

Investment Opportunity in Off-Market Industrial Property in Lenoir, NC

  • Rore Investing is purchasing an 800,000 sq ft rentable industrial property in Lenoir, NC for $4 million.

  • The property is already generating income from three long-term clients occupying over 224,000 sq ft.

  • The target rent of the property is $2.42 per sq ft, which is 69% lower than the average rent in the submarket.

  • The property is expected to generate $2.2+ million in annual revenue at an occupancy rate of 85%.

  • Rore Investing plans to invest $1.2 million in renovations by the end of Q4 2023, increasing the property value to $17.1 million.

  • The property is appraised "as is" for $9.8 million, over two times the purchase price.

  • Investors can expect a targeted internal rate of return (IRR) of 73% on this investment.

  • The property is located 1.5 hours from Charlotte with excellent accessibility to Highway 321.

  • Industrial rents in Caldwell County submarket run for about $4.10/SF, which is 69% higher than the target rent for this property.

  • In the past 10 years, rents in the submarket have cumulatively risen by 78.9%.

  • Investors can expect to earn a cash-on-cash return of 11% in the first year and 28% in the second year.

  • The investment plan includes a 24-month bridge loan at a rate of 12% with a refinance planned in year 3, by which point projected property value should be around $17 million.Rore History and Current Assets Summary

  • Rore Investments is a real estate investment firm based in Florida.

  • The company's current assets include warehouses, retail spaces, and hotels in various locations across the US.

  • Rore Investments has a history of successful sales, with some assets generating a return on investment of over 100%.

  • The company's current assets include a warehouse in High Point, NC, purchased for $1.9 million, and another warehouse in Hickory, NC, purchased for $2.55 million.

  • Rore Investments also owns a retail space in Tallahassee, FL, purchased for $960,000, and a hotel in Boynton Beach, FL, purchased for $8.8 million.

  • The company's largest hotel purchase was for a 152-room hotel in Miami, FL, for $15 million.

  • Rore Investments has sold assets such as hotels and multi-family properties, with some generating an equity multiple of over 2.

  • Sold assets include a hotel in Jacksonville, FL, purchased for $3 million and sold for $7.39 million, generating a 146% return on investment.

  • Another sold asset was a hotel in Windsor Locks, CT, purchased for $1.75 million and sold for $2.6 million, with a 49% return on investment.

  • Rore Investments also sold a multi-family property in Michigan for $2.9 million, generating a 123% equity multiple.

  • The company's most recent sold asset was a hotel in Jacksonville, FL, purchased for $3 million and sold for $5.5 million, with a 46.54% internal rate of return.

  • Overall, Rore Investments has a diversified portfolio of assets and a history of successful sales, making it a strong player in the real estate investment industry.

Investment Opportunity in Off-Market Industrial Property in Lenoir, NC

  • Rore Investing is purchasing an 800,000 sq ft rentable industrial property in Lenoir, NC for $4 million.

  • The property is already generating income from three long-term clients occupying over 224,000 sq ft.

  • The target rent of the property is $2.42 per sq ft, which is 69% lower than the average rent in the submarket.

  • The property is expected to generate $2.2+ million in annual revenue at an occupancy rate of 85%.

  • Rore Investing plans to invest $1.2 million in renovations by the end of Q4 2023, increasing the property value to $17.1 million.

  • The property is appraised "as is" for $9.8 million, over two times the purchase price.

  • Investors can expect a targeted internal rate of return (IRR) of 73% on this investment.

  • The property is located 1.5 hours from Charlotte with excellent accessibility to Highway 321.

  • Industrial rents in Caldwell County submarket run for about $4.10/SF, which is 69% higher than the target rent for this property.

  • In the past 10 years, rents in the submarket have cumulatively risen by 78.9%.

  • Investors can expect to earn a cash-on-cash return of 11% in the first year and 28% in the second year.

  • The investment plan includes a 24-month bridge loan at a rate of 12% with a refinance planned in year 3, by which point projected property value should be around $17 million.Rore History and Current Assets Summary

  • Rore Investments is a real estate investment firm based in Florida.

  • The company's current assets include warehouses, retail spaces, and hotels in various locations across the US.

  • Rore Investments has a history of successful sales, with some assets generating a return on investment of over 100%.

  • The company's current assets include a warehouse in High Point, NC, purchased for $1.9 million, and another warehouse in Hickory, NC, purchased for $2.55 million.

  • Rore Investments also owns a retail space in Tallahassee, FL, purchased for $960,000, and a hotel in Boynton Beach, FL, purchased for $8.8 million.

  • The company's largest hotel purchase was for a 152-room hotel in Miami, FL, for $15 million.

  • Rore Investments has sold assets such as hotels and multi-family properties, with some generating an equity multiple of over 2.

  • Sold assets include a hotel in Jacksonville, FL, purchased for $3 million and sold for $7.39 million, generating a 146% return on investment.

  • Another sold asset was a hotel in Windsor Locks, CT, purchased for $1.75 million and sold for $2.6 million, with a 49% return on investment.

  • Rore Investments also sold a multi-family property in Michigan for $2.9 million, generating a 123% equity multiple.

  • The company's most recent sold asset was a hotel in Jacksonville, FL, purchased for $3 million and sold for $5.5 million, with a 46.54% internal rate of return.

  • Overall, Rore Investments has a diversified portfolio of assets and a history of successful sales, making it a strong player in the real estate investment industry.

Investment Opportunity in Off-Market Industrial Property in Lenoir, NC

  • Rore Investing is purchasing an 800,000 sq ft rentable industrial property in Lenoir, NC for $4 million.

  • The property is already generating income from three long-term clients occupying over 224,000 sq ft.

  • The target rent of the property is $2.42 per sq ft, which is 69% lower than the average rent in the submarket.

  • The property is expected to generate $2.2+ million in annual revenue at an occupancy rate of 85%.

  • Rore Investing plans to invest $1.2 million in renovations by the end of Q4 2023, increasing the property value to $17.1 million.

  • The property is appraised "as is" for $9.8 million, over two times the purchase price.

  • Investors can expect a targeted internal rate of return (IRR) of 73% on this investment.

  • The property is located 1.5 hours from Charlotte with excellent accessibility to Highway 321.

  • Industrial rents in Caldwell County submarket run for about $4.10/SF, which is 69% higher than the target rent for this property.

  • In the past 10 years, rents in the submarket have cumulatively risen by 78.9%.

  • Investors can expect to earn a cash-on-cash return of 11% in the first year and 28% in the second year.

  • The investment plan includes a 24-month bridge loan at a rate of 12% with a refinance planned in year 3, by which point projected property value should be around $17 million.Rore History and Current Assets Summary

  • Rore Investments is a real estate investment firm based in Florida.

  • The company's current assets include warehouses, retail spaces, and hotels in various locations across the US.

  • Rore Investments has a history of successful sales, with some assets generating a return on investment of over 100%.

  • The company's current assets include a warehouse in High Point, NC, purchased for $1.9 million, and another warehouse in Hickory, NC, purchased for $2.55 million.

  • Rore Investments also owns a retail space in Tallahassee, FL, purchased for $960,000, and a hotel in Boynton Beach, FL, purchased for $8.8 million.

  • The company's largest hotel purchase was for a 152-room hotel in Miami, FL, for $15 million.

  • Rore Investments has sold assets such as hotels and multi-family properties, with some generating an equity multiple of over 2.

  • Sold assets include a hotel in Jacksonville, FL, purchased for $3 million and sold for $7.39 million, generating a 146% return on investment.

  • Another sold asset was a hotel in Windsor Locks, CT, purchased for $1.75 million and sold for $2.6 million, with a 49% return on investment.

  • Rore Investments also sold a multi-family property in Michigan for $2.9 million, generating a 123% equity multiple.

  • The company's most recent sold asset was a hotel in Jacksonville, FL, purchased for $3 million and sold for $5.5 million, with a 46.54% internal rate of return.

  • Overall, Rore Investments has a diversified portfolio of assets and a history of successful sales, making it a strong player in the real estate investment industry.

Investment Opportunity in Off-Market Industrial Property in Lenoir, NC

  • Rore Investing is purchasing an 800,000 sq ft rentable industrial property in Lenoir, NC for $4 million.

  • The property is already generating income from three long-term clients occupying over 224,000 sq ft.

  • The target rent of the property is $2.42 per sq ft, which is 69% lower than the average rent in the submarket.

  • The property is expected to generate $2.2+ million in annual revenue at an occupancy rate of 85%.

  • Rore Investing plans to invest $1.2 million in renovations by the end of Q4 2023, increasing the property value to $17.1 million.

  • The property is appraised "as is" for $9.8 million, over two times the purchase price.

  • Investors can expect a targeted internal rate of return (IRR) of 73% on this investment.

  • The property is located 1.5 hours from Charlotte with excellent accessibility to Highway 321.

  • Industrial rents in Caldwell County submarket run for about $4.10/SF, which is 69% higher than the target rent for this property.

  • In the past 10 years, rents in the submarket have cumulatively risen by 78.9%.

  • Investors can expect to earn a cash-on-cash return of 11% in the first year and 28% in the second year.

  • The investment plan includes a 24-month bridge loan at a rate of 12% with a refinance planned in year 3, by which point projected property value should be around $17 million.Rore History and Current Assets Summary

  • Rore Investments is a real estate investment firm based in Florida.

  • The company's current assets include warehouses, retail spaces, and hotels in various locations across the US.

  • Rore Investments has a history of successful sales, with some assets generating a return on investment of over 100%.

  • The company's current assets include a warehouse in High Point, NC, purchased for $1.9 million, and another warehouse in Hickory, NC, purchased for $2.55 million.

  • Rore Investments also owns a retail space in Tallahassee, FL, purchased for $960,000, and a hotel in Boynton Beach, FL, purchased for $8.8 million.

  • The company's largest hotel purchase was for a 152-room hotel in Miami, FL, for $15 million.

  • Rore Investments has sold assets such as hotels and multi-family properties, with some generating an equity multiple of over 2.

  • Sold assets include a hotel in Jacksonville, FL, purchased for $3 million and sold for $7.39 million, generating a 146% return on investment.

  • Another sold asset was a hotel in Windsor Locks, CT, purchased for $1.75 million and sold for $2.6 million, with a 49% return on investment.

  • Rore Investments also sold a multi-family property in Michigan for $2.9 million, generating a 123% equity multiple.

  • The company's most recent sold asset was a hotel in Jacksonville, FL, purchased for $3 million and sold for $5.5 million, with a 46.54% internal rate of return.

  • Overall, Rore Investments has a diversified portfolio of assets and a history of successful sales, making it a strong player in the real estate investment industry.

Investment Opportunity in Off-Market Industrial Property in Lenoir, NC

  • Rore Investing is purchasing an 800,000 sq ft rentable industrial property in Lenoir, NC for $4 million.

  • The property is already generating income from three long-term clients occupying over 224,000 sq ft.

  • The target rent of the property is $2.42 per sq ft, which is 69% lower than the average rent in the submarket.

  • The property is expected to generate $2.2+ million in annual revenue at an occupancy rate of 85%.

  • Rore Investing plans to invest $1.2 million in renovations by the end of Q4 2023, increasing the property value to $17.1 million.

  • The property is appraised "as is" for $9.8 million, over two times the purchase price.

  • Investors can expect a targeted internal rate of return (IRR) of 73% on this investment.

  • The property is located 1.5 hours from Charlotte with excellent accessibility to Highway 321.

  • Industrial rents in Caldwell County submarket run for about $4.10/SF, which is 69% higher than the target rent for this property.

  • In the past 10 years, rents in the submarket have cumulatively risen by 78.9%.

  • Investors can expect to earn a cash-on-cash return of 11% in the first year and 28% in the second year.

  • The investment plan includes a 24-month bridge loan at a rate of 12% with a refinance planned in year 3, by which point projected property value should be around $17 million.Rore History and Current Assets Summary

  • Rore Investments is a real estate investment firm based in Florida.

  • The company's current assets include warehouses, retail spaces, and hotels in various locations across the US.

  • Rore Investments has a history of successful sales, with some assets generating a return on investment of over 100%.

  • The company's current assets include a warehouse in High Point, NC, purchased for $1.9 million, and another warehouse in Hickory, NC, purchased for $2.55 million.

  • Rore Investments also owns a retail space in Tallahassee, FL, purchased for $960,000, and a hotel in Boynton Beach, FL, purchased for $8.8 million.

  • The company's largest hotel purchase was for a 152-room hotel in Miami, FL, for $15 million.

  • Rore Investments has sold assets such as hotels and multi-family properties, with some generating an equity multiple of over 2.

  • Sold assets include a hotel in Jacksonville, FL, purchased for $3 million and sold for $7.39 million, generating a 146% return on investment.

  • Another sold asset was a hotel in Windsor Locks, CT, purchased for $1.75 million and sold for $2.6 million, with a 49% return on investment.

  • Rore Investments also sold a multi-family property in Michigan for $2.9 million, generating a 123% equity multiple.

  • The company's most recent sold asset was a hotel in Jacksonville, FL, purchased for $3 million and sold for $5.5 million, with a 46.54% internal rate of return.

  • Overall, Rore Investments has a diversified portfolio of assets and a history of successful sales, making it a strong player in the real estate investment industry.

Learn about Rore Investments' potential industrial property investment opportunity in Lenoir, NC, including property details, projected revenue, historical sales performance, and investment strategy. Understand the company's assets, renovation plans, estimated value increase, and expected returns for investors.

Make Your Own Quizzes and Flashcards

Convert your notes into interactive study material.

Get started for free

More Quizzes Like This

315 Elizabeth Quiz 1
12 questions

315 Elizabeth Quiz 1

PrettySunstone avatar
PrettySunstone
Industrial Real Estate Investments
10 questions
Industrial Real Estate Investments
5 questions
Use Quizgecko on...
Browser
Browser