60%+ CAP rate year one | $25M JV player | where my big players?

[Steve S.]

A downtown Los Angeles historical masterpiece will be transformed into one of the most iconic and gorgeous
nightclub / restaraunt / bar / event spaces in Southern California. Nestled in the historic district of
downtown Los Angeles, this little piece of history is being acquired for $10.1M.

The building currently has about 17,000SF of usable space, but once the $14M in rennovations
are completed we will be able to monetize and utilize almost 30,000SF of decadent decor
where modernism meets the roaring 20’s for a truly unique Great Gatsby-esque venue in this
contemporary, yet ageless, masterpiece. The property has already received a change of use permit
to hold a full liquor license and restaurant services. This cathedral of entertainment will be the hub
and beating heart of Los Angeles.

We have already completed all Due Diligence. What we need now is the capital partner to step in and back us as we move forward. 

Total project cost is $25M
After 1 year of ramping up and operation the NOI is projected to be $15M giving us a CAP rate of 60%.

Lets say we do half of that... well... then our CAP rate is 30%. And half that is 15% ... bottom line... this is a money printing machine and we're inviting you to be a part of it. 

P & L below