Parrish Lyon’s Post

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CEO, Co-Founder of VIS Media Company (OL Vis Holdings) and Atlas Auctus Commercial.

A breakdown of one of our many potential conversion investments for our Australian Investment Syndicate: Salt Lake City, Utah 125,000 Square Feet of 100% vacant office space Class A Commercial and at a 48% cash discount against the appraised value. If we did no work on this building, we would make a 90.4% immediate equity gain on our capital upon acquisition. However, that's not how our group works. This asset is PERFECTLY positioned next to a hospital, and multiple tech company buildings, meaning as an office building this building would never be able to generate enough YOY revenue, however, as a conversion, this gives us a new multifamily asset with over 170 freshly developed luxury units. Charging $2000 rent per unit would generate $4.1M per year in revenue, around a 25% return per year after conversion capital has been deployed. If we collect income on the property for 10 years, then sell at the original appraised value (not counting newly freed equity and gain), we would generate a net return of 314.4%, or 250% if we choose not to sell. Negative real estate markets aren't a burden, they're an opportunity if you're resourceful. Think outside of the box and acquire the labor of those who didn't. #commercialREI #commercial #commercialrealestate #realestate #conversion #realestateanalytics

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Travis Hong

Intern at Grät | Passionate About AI, Emotional Intelligence/Data & Making a Positive Impact

6mo

Amazing insight!

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