Retail Strip Center

[Robert Ikard]

Investment Info:

Retail commercial investment investment.

• Highest Honor Award Recipient: From the Florida Secretary of State, Ken Detzner- Outstanding Florida Property Rehabilitation Project for the year 2013 Commercial and Retail Rehabilitation Projects, Robert W. Ikard, CEO, Wareing Enterprises LLC September 19, 2013

• Special Proclamation from the City Commission and Mayor of Newberry, Florida for Historic Property Preservation, Sustainable Development, fostering local pride.

What made you interested in investing in this type of deal?

The joy of restoring buildings.

How did you find this deal and how did you negotiate it?

I used a real estate agent and I purchased it from an out of state investor.

How did you finance this deal?

I paid cash.

How did you add value to the deal?

Repurposing and repositioning the buildings.

What was the outcome?

Tripled appraised values on commercial and retail buildings and quadrupled income of buildings in less than 3 years by repositioning and rehabilitating properties.

Lessons learned? Challenges?

I learned how to navigate city rules, state regulations about accessibility and negotiate with the local historical board.