Urban Renovation
A 100% occupied 6800 square foot commercial property consisting of a fully built out restaurant and bar with a walk-in freezer on the first floor and three residential units on the second floor.
PROJECT
PROJECT
Secured restaurant occupant on a long-term NNN lease consisting of renewal terms with escalating rents per 3-year renewal period
Redeveloped three residential units located on second floor
Installed new asphalt and flat rubber roof
Installed new floor to ceiling windows to improve access to balcony
Maximized earnings for two of the three units as Short-Term rentals (STRs) and established a partnership with Vacasa to provide on-site operational support
Third residential unit rented on 60-day reoccurring lease with the same tenant for over 3 years