.

There's more to see ...

Sign Up to access our Offerings

Already have an account?
Log In

This project has reached its funding target
Funded banner Small small small saglo

Sun Point

  • Saglo Development Corporation
  • Icn offering location Ruskin, FL

Promising shopping center located in a thriving, underserved Florida community.

Icn offering map
  • Icn funding type
  • Icn funding meta
  • Posting
  • Equity
  • Total Raise: $3,020,000
  • Min. Investment: $25,000
  • Expected Hold Period: 5
  • Property Type: Retail
  • Est. Investor IRR: 19.4%
  • Est. Cash-on-Cash: 11%
Icn check
Property was purchased for $7,250,000 and appraised at $8,300,000 (14% above purchase price)
Icn check
Property was financed at Loan To Value (LTV) ratio below 57% and attractive fixed interest rate of 4.25% for initial five years of loan
Icn check
Property is within a few hundred feet of 1.1 million SF Amazon fulfillment center (scheduled to open Q4 2014) and adjacent to the 2.7 million SF South Shore Corporate Park (under construction)