Investment Properties» Residential Properties
Walnut Gardens
Heaven Investments is proud to announce Walnut Gardens, a Tenant in Common property. Located in beautiful Carmichael, CA, the land currently has seven income producing rental properties. Heaven Investments plans to entitle the land for development into 36 luxurious multi-family condominiums.
| Property Information | |
| 3808 Walnut Ave. Sacramento | |
| Sale Type: | Structured Sale, Master Lease |
| Square Footage: | 46,000 SF |
| Lot Size: | 5.42 Acres |
| Price: | $1,700,000 |
| TIC Fractionalized Price: | $50,000 |
| Property Status: | Available |
| Investment Highlight | |
| Name: | Walnut Gardens TIC |
| TIC Ownership: | 2.857% |
| Minimum Purchase: | $50,000 |
| Annual NOI on minimum purchase: | $4,500 |
| Cap Rate: | 9% paid monthly |
| Purchase Term: | 1-2 years |
| Price/Sq Foot: | $36.7 |
Investment Summary
Walnut Gardens LLC, Tenant in Common (TIC) provides for individuals to own an undivided fractional interest in the entire property. Individuals can purchase into the TIC by acquiring one of the thirty-five (35) fractionalized ownerships available. This magnificent TIC property is offered for sale at a minimum investment level of $50,000 for 2.857% percent fractionalized interest.
Walnut Gardens LLC, Tenant in Common has signed a Master Lease with Option with Heaven Investments. Heaven Investments will pay a monthly master lease payment to the Tenant in Common for the rights to lease the land for future development. Heaven Investments will pay the Tenant in Common a master lease Triple Net (NNN) payment at the monthly rate of Thirteen Thousand One Hundred Twenty Five Dollars ($13,125.00) for an annual yield of approximately nine (9%) percent cap. The master lease payments will be paid in equal monthly installments. The master lease with option term is initially twenty-four (24) months with two (2) twelve month lease extension options on the anniversary date.
Additional Information
- IRS 1031 Tax-deferred exchange eligible
- 3% Broker Co-op
- No Personal Property Management
- Minimum Equity Investment $50,000
- Investment Secured with Grant Deed
- Positive Cash Flow from 24-Month Triple Net (NNN) Master Lease
