Real Estate Investment Opportunity "Solterra" in Phoenix, Arizona

Cynthia Aasen [email protected]

604.764-5647

WWC PRESENTS…

Solterra

Solterra Property Details

Property Details Total Units 40

Year Built 2006

Purchase Price $4,560,000

Price Per Unit $114,000

Price Per Square Foot $137

• Solterra on Fiqh Avenue is well posiSoned in the Melrose District, which could be comparedto Vancouver’s Yaletown.

• Conveniently located in an area with a large professional employment base withapproximately 450,000 working professionals.

• Solterra was built in 2006 and we are buying at 50% of new construcSon costs in the area.

• Vendor financing allows us to purchase at a lower price and refinance upon compleSon of ourvalue-‐add program. This allows us to return investors capital sooner.

• MulSple exit opSons allow us to sell units in bulk or individually to home buyers, snowbirdsand investors.

• A new four-‐story mulS-‐family complex is set to break ground next door, and is selling at $290per square foot and higher.

Why Solterra?

Solterra is Under Contract For 50% of New Construction Costs

Source: Costar

0

50

100

150

200

250

300

350

Solterra New ConstrucSon

Price Per Square Foot


137

290

OVER 50% BELOW

Less than construction costs and 2006 prices

Source: Costar

0

50

100

150

200

250

Cost to Build Sale Price 2006 Buying Price


Price Per Square Foot 137

222

20% Less Than Construcaon Costs and 40% less than 2006 sales prices

170

Investment Breakdown

Increase Net Operating Income (NOI) From $223,653 to $359,279 in 55 Months

Normalizing Rents and Decreasing Vacancies $200 Rent Spread on Nearly IdenScal Units

2 Bedroom Market Rents -‐ $975 Current Rent Brackets $750-‐$800 – 6 Units $800 -‐ $850 – 17 Units $850 -‐ $900 – 5 Units $900 -‐ $950 – 1 Unit

8 Units (2 Bedroom) Currently Vacant -‐ $7,800/Month Increase building value over $1,500,000

Refinancing Return Majority of Investors Capital In 36 Months

1. Access to the best mulS-‐family deals in Phoenix

2. Economies of scale and buying power• Pass-‐through cost employees• Reduced management fees• Vendor negoSaSon

3. No investor liability • Mortgage guarantee signed by GP

4. Exclusive financing opSons

Benefits of Investing with Western Wealth Capital

Management Fees

Cynthia Aasen [email protected]

604.764-5647

Thank You. QuesSons?