Crystal View Capital Fund I, LLC is pleased to announce the acquisition of a 75,095 sq ft self storage facility consisting of 539 self-storage units located in Mabank Texas. “This property was purchased for $26 per sq building foot and at a very fair 8.75% cap rate on existing net operating income. We’ve identified significant upside potential on this property i.e. rents are 20% below market and market demand is rising at a decent rate. The plan is to stabilize the asset with new management, bring rents to market, and build 100+ more units. Once complete, the property will have an estimated net operating income of approx $250,000, free cash flow of $178,000, and an estimated valuation of approx . $3,200,000. We are very pleased to add this asset to the Crystal View Capital Portfolio.”
About Crystal View Capital Fund I, LLC:
Crystal View Capital is a real estate investment partnership that focuses on the acquisition and management of opportunistic and underperforming commercial properties. Our portfolio is currently in excess of $47M in assets and is diversified between office, retail, industrial and multifamily properties across the West and Mid-West United States. Current shareholders are presently realizing an estimated 52% Internal Rate of Return. Please contact our offices to receive an executive overview and learn more about making an investment into Crystal View Capital.