Park Plaza shopping center

[Jack Gerstein]

Investment Info:

Retail commercial investment investment.

Purchase price: $800,000
Cash invested: $200,000
Sale price: $4,875,000

Bought from FDIC, did many improvements, increased rent refied 2X

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

I was a tenant and knew that either my group or another would buy the property, and rent would increase.

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

Went to texas and bid on the property.

How did you finance this deal?

bank

How did you add value to the deal?

Many improvements to the building and parking.

What was the outcome?

sold at the top of the market