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BearRock Investments LLC
1020 Building
1020 Business Park Drive, Hailey (Sun Valley), Idaho
2 Year Hold | 15.79% IRR
Sold (inactive)
Purchased a fully leased property to generate income and shield capital gains from another investment.
Project Type | Source | Size | Acquisition Price | Sale Price |
|---|---|---|---|---|
Industrial/Office | Industry relationships, off the market | 22,000 square feet | $5,150,000 | $6,350,000 |
Purchased the property off the market. The building was 100% leased to fast-growing outdoor apparel company, First Lite, for headquarters office and product development. The property also was leased to three other office and industrial tenants. BearRock expanded two tenants, and renewed two tenants resulting in increased income and longer-term tenancies, while keeping the building 100% leased.
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