Troy Gessel, of AGM Inc, acquires a 20,600 SF, 25-unit, Multifamily building located on the north end of Mercer Island, through his traditional syndication model.
The investment offers a truly enviable location on the east side of Lake Washington, with quick access to Seattle, Bellevue, and first-class amenities.
The proposed 12-month, $1.4 million renovation schedule will increase in-place rents and building value by 50% for a total project cost of $8 million.
Acquisition Price: $6.613 Million
Cost Per Unit: $264,500
Cost Per SF: $321
Current Capitalization Rate: 5%
Mercer Tower is an active offering, sponsored by AGM Inc. You may access the full offering documents, including the Private Placement Memorandum, Subscription Agreement, and the operating Agreement through the Investor Portal by clicking the link below:
For more information on syndication and commercial real estate investing in the Pacific Northwest contact Troy Gessel.
AGM REAL ESTATE
Troy Gessel
Principal
C: 425.301.4422