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BearRock Investments LLC
Lydig HQ Campus
11001 E. Montgomery Drive Spokane Valley, Washington
8 Year Hold | 10.2% IRR
Sold (inactive)
Purchased property as sale/leaseback with Lydig Construction Company with a 10-year lease. 7% + annual preferred return to investors.
Project Type | Source | Size | Acquisition Price | Sale Price |
---|---|---|---|---|
Industrial/Office | Industry Relationship, on the market | 36,526 square feet in two office buildings and shop space on 5.53 acres of land | $5,800,000 | $6,650,000 |
Purchased property as a sale/leaseback from Lydig Construction, a 60 year, privately held construction company in Spokane, Washington with offices in Bellevue, Washington and the Tri-Cities, Washington. Negotiated 10-year lease with annual escalations. Investment paid a 7% + preferred annualized return to investors for eight years. Sold at a profit resulting in 10.2% IRR over eight year hold period and 1.9X equity.
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