Las Vegas, NV – July 18th, 2017
Crystal View Capital Fund I, LLC is pleased to announce the sale of 2975 S Highland Dr Las Vegas NV. This property was a 14,000 square industrial building on .71 Acres. “At this stage in the Fund it is my goal to sell off smaller “non-core” assets. Moreover we could achieve substantially higher returns for shareholders by selling this asset at a 5.9% cap rate to the current tenant and booking a triple digit annual return vs. keeping it in the portfolio for a modest return. When the opportunity to sell for a premium presents itself, in most cases it’s prudent to take advantage of that opportunity. We are very pleased with the returns this property has provided to us,” said Matthew Ricciardella, Managing Partner at Crystal View Capital.
Purchase Price: $950,000 or $67 per sq ft. in June 2015
Sale Price: $1,350,000 or $96 per sq ft. in July 2017
Free Cash Flow During Ownership: $64,923
Net Profit after Selling Costs: $383,832
Ownership Period: 2 years
Initial Equity Investment: $179,470
Total Return on Equity: 213%
Annual Return on Equity: 106%
Las Vegas, NV – November 17th, 2016
Crystal View Capital Fund I, LLC is pleased to announce the sale of 2910 Seaboard Lane in Long Beach, CA. This property was a 14,200 square foot tilt up concrete industrial building. 2910 Seaboard provided a unique opportunity to take advantage of buying right and capitalizing on the limited supply in the Los Angeles/Long Beach industrial sub-market.
“I would best categorize our Fund as opportunistic. This sale fits that mold – we could achieve substantially higher returns for shareholders by flipping this property vs. leasing it and keeping it in the portfolio. When you buy right… a lot of good things can happen from there. We are very pleased with the return on this transaction,” said Matthew Ricciardella, Managing Partner at Crystal View Capital.
Occupancy: Vacant at closing.
Purchase Price: $1,800,000 or $126 per sq ft.
Sale Price: $2,230,000 or $157 per sq ft.
Net Profit after Selling Costs: $320,711
Holding Period: 4 Months
Improvements Made: Fresh paint and new landscaping.
Las Vegas, NV – September 6th 2016
Crystal View Capital Fund I, LLC is pleased to announce the sale of .89 acres for $630,000 located at the NW corner of Sahara & Eastern Ave in Las Vegas, NV. “We purchased this property in 2014 for $200,000 and invested an additional $25,000 to re-zone the parcel from Residential to General Commercial. Due to the re-zone, and because the market has risen considerably since acquisition, it was an opportune time to liquidate this asset from our portfolio. After selling costs, our shareholders will realize an approx. $362,200 net profit, or a 55% Return on Investment (ROI). Our plan remains the same – we shall continue to shed smaller assets and trade up into larger properties, which will increase the overall yield of the portfolio and the share value.”