Off Market to Investment grade Grocery anchors

Publix Credit rated Institutional Investments

For the private client, family office or Fund.

Summary:

Value add asset. Stable S&P Credit rating AA

Price $8,500,000

NOI 550,000

Cap 6.10%

GRM 16.67

SQFT 69,000

Upside is 11,400 sq ft at current market rates of 9 to 14 per sq ft or $101,000 to $159,000 added

to current $510k in NOI bringing the property to an 7.87% cap TO 8.36% CAP RATE on buyers

acquisitions BASED ON CURRENT RATE RATES NOT FUTURE RENTS.

And the value ADD to the center 11.150m at 6 cap or 10.2m AT 6.5 CAP RATE.

all Buyers must show proof of funds sign an NCND

Contact List agent- Mike Rivera 239-770-6257

Rivera, Ferrer & associate's - Lic RE broker

124 unit Bulk sale New construction to be built

124 unit Bulk sale New construction to be built will be sold building by building 12 units per building by the developer.





Builder sold all existing units . Would build to order @ a favorable price 12 @ a time against money placed in escrow. 124 blank unit pads remain.



five buildings were completed at Palmetto 56 units. A garden enclave set amidst preserve areas and a lake, Palmetto Cove features two-story buildings with two distinctive floor plans of 1,317 to 1,671 total square feet starting in the low-$100,000s. Luxury details such as 10-foot ceilings, granite countertops, raised panel cabinetry, hurricane impact glass and tray ceilings are among the standard features that, combined with the McGregor location, insure tremendous value. The condominium homes come with detached garages and private lanais that are designed to accommodate summer kitchens

Unit size HOA($299)

1312	2	2	1	landscape	Carport	C	1,317	$299	$900	$99,900	SOLD
1316	2	2	1	landscape	Carport	C	1,317	$299	$900	$99,900	SOLD
1317	2	2	1	landscape	Carport	I	1,317	$299	$900	$99,900	SOLD
1322	2	2	2	landscape	Carport	C	1,317	$299	$900	$99,900	SOLD
1323	2	2	2	landscape	Carport	C	1,317	$299	$900	$99,900	SOLD
1326	2	2	2	landscape	Carport	C	1,317	$299	$900	$99,900	SOLD
1327	2	2	2	landscape	Carport	I	1,317	$299	$900	$99,900	SOLD
1412	2	2	1	landscape	Carport	C	1,317	$299	$900	$99,900	SOLD
1413	2	2	1	landscape	Carport	C	1,317	$299	$900	$99,900	SOLD
1416	2	2	1	landscape	Carport	C	1,317	$299	$900	$99,900	SOLD
1417	2	2	1	landscape	Carport	C	1,317	$299	$900	$99,900	SOLD
1422	2	2	2	landscape	Carport	C	1,317	$299	$900	$99,900	SOLD
1426	2	2	2	landscape	Carport	C	1,317	$299	$900	$99,900	SOLD
1311	3	2	1	landscape	Carport	I	1,548	$299	$1,000	$119,900	SOLD
1314	3	2	1	landscape	Carport	I	1,548	$299	$1,000	$119,900	SOLD
1315	3	2	1	landscape	Carport	I	1,548	$299	$1,000	$119,900	SOLD
1318	3	2	1	landscape	Carport	I	1,548	$299	$1,000	$119,900	SOLD
1321	3	2	2	landscape	Carport	I	1,548	$299	$1,000	$119,900	SOLD
1324	3	2	2	landscape	Carport	I	1,548	$299	$1,000	$119,900	SOLD
1325	3	2	2	landscape	Carport	I	1,548	$299	$1,000	$119,900	SOLD
1328	3	2	2	landscape	Carport	I	1,548	$299	$1,000	$119,900	SOLD
1411	3	2	1	landscape	Carport	I	1,548	$299	$1,000	$119,900	SOLD
1414	3	2	1	landscape	Carport	I	1548	$299	$1,000	$119,900	SOLD
1418	3	2	1	landscape	Carport	I	1,548	$299	$1,000	$119,900	SOLD
1421	3	2	2	landscape	Carport	I	1,548	$299	$1,000	$119,900	SOLD
1424	3	2	2	landscape	Carport	I	1,548	$299	$1,000	$119,900	SOLD
1425	3	2	2	landscape	Carport	I	1,548	$299	$1,000	$119,900	SOLD
1428	3	2	2	landscape	Carport	I	1,548	$299	$1,000	$119,900	SOLD
113	2	2	1	preserve	Garage	C	1,317	$299	$925	$123,900	SOLD
116	2	2	1	preserve	Garage	C	1,317	$299	$925	$123,900	SOLD
117	2	2	1	preserve	Garage	C	1,317	$299	$925	$123,900	SOLD
122	2	2	2	preserve	Garage	C	1,317	$299	$925	$123,900	SOLD
126	2	2	2	preserve	Garage	C	1,317	$299	$925	$123,900	SOLD
127	2	2	2	preserve	Garage	C	1,317	$299	$925	$123,900	SOLD
1022	2	2	2	water	Garage	C	1,317	$299	$950	$129,900	SOLD
1023	2	2	2	water	Garage	C	1,317	$299	$950	$120,000	SOLD
1025	2	2	2	water	Garage	C	1,317	$299	$950	$129,900	SOLD
1123	2	2	2	water	Garage	I	1,317	$299	$950	$129,900	SOLD
1125	2	2	2	water	Garage	I	1,317	$299	$950	$129,900	SOLD
1126	2	2	2	water	Garage	C	1,317	$299	$950	$129,900	SOLD
1127	2	2	2	water	Garage	C	1,317	$299	$950	$129,900	SOLD
111	3	2	1	preserve	Garage	C	1,548	$299	$1,025	$132,000	SOLD
115	3	2	1	preserve	Garage	C	1,548	$299	$1,025	$142,900	SOLD
118	3	2	1	preserve	Garage	I	1,548	$299	$1,025	$142,900	SOLD
1011	3	2	1	water	Garage	C	1,548	$299	$1,025	$154,900
1012	2	2	1	water	Garage	C	1,317	$299	$950	$145,900
1021	3	2	2	water	Garage	I	1,548	$299	$1,050	$154,900	PENDING

Regards,
Mike Rivera,
Investment Real Estate Analyst
Star Capital Group
Naples Fl
954-957-3134 Office
239-770-6257 Cell
239-775-2066 Fax

New 5 Unit 3+2 townhome Bulk sale southwest fl,Bonita Springs

3 unit Bulk sale OREO bank owned at Bonita Springs, FL 34135 with 2 available approved shorts in the same building an HOA. you would own the HOA for the 5 units.

3 units only $267,000

Value $135,000 each approximate Bank asking $89k each

Townehouse Community

Beds 3 /3 baths
Living Area 1469
Price/Sq Ft $61.20
2007

BANK OWNED & READY TO BE SOLD! The units is located in a quiet neighborhood close to I75 and US41 that provides easy access to Bonita Beach, Naples and Fort Myers. The townhouse is in fantastic condition which feature 3 bedrooms, 2.5 bathrooms, 1 attached car garage with lake views. All the bedrooms are located on the second floor. The kitchen features raised panel cabinets, and solid counter tops. Kitchen over looks the living room. There is tile flooring in the main living quarters and carpet in the bedrooms. As you walk into the Master bathroom you will notice the dual sinks, separate tub and walk-in shower. This property will not last long, this will be gone tomorrow! BANK OWNED & READY TO BE SOLD

















bulk condo units, block condo units, investments (in location), vulture funds
in FL, Miami Metro Area, FL, Naples Metro Area, FL, Palm Beach Metro Area, sarasota fl

Bulk REO - Bulk REO's are foreclosed properties owned by banks that are packaged together, and sold at steeply discounted prices. These properties can be purchased at a fraction of the cost. Selling properties in Bulk REO is the most efficient way for banks to balance their financial books while remaining in compliance with Federal and State bank regulations. Bulk REO investing can be extremely profitable. Bulk REO's are affordable-with prices below MLS listings, below BPO, cheaper than private sellers, cheaper than auctions at the courthouse, and at a fraction of any approved short sale price. This is an opportunity unlike any other. Bulk REO requires at least $1M cash investment with proof of funds.
We do not work with other brokers prices and cheap and low and so are fees. not enogh to go around. If you are a resale broker and not looking to make a commission on the buy side. Then we can work together

High-end Aqua condo development in North Naples Closes

Aqua Naples Fl Bulk sale.

Aqua Pelican Isle Yacht Club Naples Florida Real Estate

Aqua, the super luxurious High Rise in North Naples fl, closes last month in excess of $34.5M for 35 units and 130,000 sq ft remining and 25 deepwater slips plus 5 acre parcel to construct tower 2 and 35 more Bay-waterfront, oceanview units, a Class AAA Diamond. 3 of my own buyers made offers on the asset to Regions bank from 27M to 38M in 2009 prior to its releases on the open market in 2010.


The project ended up in the hands of its lenders after the project’s developer, EcoVenture Wiggins Pass Ltd., filed for Chapter 11 bankruptcy to reorganize in June 2008. The bankruptcy case is ongoing.

Others purchased condos before the first building was completed, but later walked away from their contracts because of market conditions and the developer’s financial troubles.

The first building, completed in December 2008, has 48 units/ 28 slips and 5 cabanas. At one time about half of them were under contract. There are no contracts pending, but interest has been growing, Kendall said.

In January, Stratea, a consulting group, was hired by Regions Bank, the lead lender on the project, to handle the sale of the building and its condos.
Five condos were sold at Aqua, generating more than $20 million in sales in 2009 as one off sales.

Buyers include Brad Anderson, the former CEO and vice chairman of electronics giant Best Buy, who purchased two penthouses for $11.75 million in the name of a trust. The penthouses were combined into one condominium stretching about 12,000 square feet.

At the higher end, another sale was made for nearly $4.9 million in March 2009, according to Collier County property records.

The comparable salea at the time of this closing (2010/2011) in my underwriting and analysis of the asset looks like this.

Avg 314 per foot / Bulk sale close at 270 per foot.

Not much off a discount for a class AAA property, if you look at it with one way, vulture glasses but it is a rare find and should exceed mid 20% ROI when tower 2 is built or the land asset is sold off.

Total Contract Price	Sold Price Per Sq Ft
$1,045,000	$291
$1,569,000	$396
$1,359,000	$343
$1,044,000	$297
$1,495,000	$327
$1,350,000	$384
$266,400	$600
$1,675,000	$477
$1,250,000	$315
	$314 avg

Call Mike Rivera for other off market opportunities. I deal with investors from Canada to Germany and south America and of course local US hedge funds and other investment vehicles.
many of these assets proir too are debt sales and requre the buyer to pay my broker fee. if you do not agree or understand this concept and how it saves you money by provide net offer to the seller and access to the asset. This type of deal is probably not for you.
if you do understand how this works please provide your brochure on your company it's structure, how it is financed and maybe an example of recent closings. which shows performance.

Contact Mike Rivera for more information on the above assets. or other Naples fl condo bulk sales.

Mike Rivera,
Investment Real Estate Analyst
Star Capital Group
Naples Fl

954-957-3134 Office
239-770-6257

Mike Rivera, Ferrer & Associates,LLC

31 unit Cape Coral, FL & big concerns for every prospective bulk sale purchaser

Note three big concerns for every prospective bulk sale purchaser should consider in a bulk sale: (1) status of construction and unit sales, (2) all current comps, (3) ILSA compliance, (4) title issues, (5) HOA liens and the understanding of the bulk assignees law and how to draft the legal documents under that law.

ILSA compliance, and the new Bulk assignees law & required documents is something i will look into with Mark Adamczyk of Goede & Adamczyk, PLLC Mark Adamczyk www.flcommunitylaw.com on the next blog.

In the meantime please take a look at another Southwest Florida Multi family apartment Investment and a bank held 100,000 sq ft office and retail space in Naples Fl off the Toll Booth Exit on i-75. see below.

Now available a 31 unit, 1967 built apartment community, located in Cape Coral, FL.

The Apartments consist of 3 buildings. The 2 two‐story concrete block
and stucco buildings offer studios (29%), one (65%) and two (6%) bedroom floor
plans with an average unit size of 570 square feet.

The 2 two bedroom units are in a duplex that was built in 1980 on the property. The common amenities include a sparkling pool and a barbecue area. The buildings have pitched roofs, covered with shingles and is situated on .92 Acres+/‐ of land.

The Apartments is a clear value‐add opportunity. A new
operator will have to make a strong marketing push, combined with
sound management, to increase occupancy, thus generating a higher net
operating income. With overall market stabilization, there is room for a
profitable exit strategy when the market is fully stabilized.

NOI Range $48,000 to $66,000 based on annualized current income.

Naples Flex space. ........................................................................................................................


3 buildings.
Has income in place but non performing and construction leins.

28,000 sq ft 70% occupied
54,410 sq ft 20% occupied
15,000 20% occupied

93,000 sq ft

Comps on units closed in 2010 ranged 95 to 155 per sq ft.

Contact Mike Rivera for more information on the above assets. or other Naples fl condo bulk sales.
239-770-6257

NCND required and proof of funds from all potential purchasers.

Southwest Fl Bulk sale waterfront sold at 80% of current value

Another Bulk sale down for waterfront sold at 80% of current value.
Prices up in swfl 25% since 1st 1/4 of 2010

Canadian Investment Group Lofton Island , LLLP has acquired 224 developer-owned units in the Oasis Tower II condo project from Oasis Associates, LLC. The purchase price for the 224 units was $36.7M ($163K/unit). Lofton Island plans to continue the leasing program in this tower.

Based on currentprices in River District high-rise projects, this average cost per unit of $163K is a bit closer to retail than I was anticipating for a bulk transaction at 80%. Shifting this block of 224 units out of unsold inventory and into a rental portfolio is a very positive event for the Fort Myers high-rise market. Buyers will have more comfort purchasing the remaining units in Oasis Tower I without the huge unsold inventory of Tower II hanging over the project like a black cloud.

Downtown ft myers has an influx of new residents, new nightclub, National retailers, near downtown this could all be good for the entire community, the new publix and new construction start of townhomes at the publix plaza at high point High rise.

Bulk sales available


Waterfront
415 Unit High Rise 24 story Riverfront Hotel Dark at Yaht Club needs 10/15M in renovations.
( prime location like Oasis. Reposition opportunity to acquisition 500,000 sq ft of riverfront high assets.1 full city block of land hard corner at the bridge. Im direct to owner and they are motivated to sell this asset.
21 Unit High Rise Ocean view Class AAA


Prime Stable:

Olde Naples(port Royal sub market) High affluent market Units
10 New construction never lived in units, Market rate 305 perm sw ft, purchase 207 a sq ft.


Class B

68 unit available In Naples Fl as well. 60,000 per unit Conversion all 100% owned..
55 Unit off davis blvd In Naples fl Broken conversion.

320 unit Class B apts Naples, Fl (listed by other broker)


a quick note

always looks bigger going than coming.

For many procrastinating real estate buyers Bye, bye! The above proves this ponit.

Let em update you with my real estate appraiser hat.

1. The bottom of the market was reached sometime in end of 2009 1st 1/2 2010.

2. If you would have purchased a condo or a town home in Estero 6 months ago you would have a 30k to 50k equity position in your property today this is almost across the board in 33928.

3. If you would have purchased the same type of highly distressed product in Olde Naples by end of 2009 thru summer of 2010. You would have close to a 45 dollar per sq ft equity yield on your holding. x the sq ft of your acquisition.

I love been a real estate appraiser and Broker it is with this knowledge that i track sub markets in SWFL as they decline or appreciate. and real estate is truly valued up or down by mere neighborhood characteristics, in small pockets or puds only. Nonetheless it is good news for you sellers out there.

Buyers get off of the wall, its time to dance and Im playing your song..... and BTW the song is 1/2 way over.

Contact Mike Rivera for more information on the above assets. or other Naples fl condo bulk sales.

Thanks,

Mike Rivera,
Investment Real Estate Analyst
Star Capital Group
Naples Fl
954-957-3134 Office
239-770-6257 Cell
239-775-2066 Fax

Bulk Sales opportunity! Investment package of Townhomes and Single family Residential

Bulk Sales opportunity! Investment package of Townhomes and SFR

20 Units total

14 Single Family Residential Homes Cape Coral + Lehigh acres Fl all newer 2002 + all fully rehabbed to new ready to sell or move in condition , 6 of them rented as rent to own,. 2 out of 14 of them in Lehigh acres,Fl.

2Townhomes Estero, Fl
4 Condos Estero, Fl
all rented to FGCU Students and Faculty at FGCU University

$1,950,000
7.9 cap of proforma

Current Income is on 6 SFR homes only at 108,000 gross, possibly 95,000 in NOI cost to owner is only Property tax & INS (12k) for the Rent to own lessors.

Potential NOI $150,238 after expenses hoa fees etc
No Low Ball offers accepted. Discount opportunity NOT Distressed.
Direct Buyers with proof of funds only. No Proof No deal sent.

DownLoad NCND sign and send back to MikeRiveraSr@gmail.com

NCND http://www.mediafire.com/?46bpobc4f1ak359

Photos of actual Homes