IPG
IPG is a single-story office building consisting of 20,806 SF on 3.7 acres in Bradenton, Florida. SugarOak purchased the property in 2015 for $1.4 million, and sold it in 2021 for $3.056 million, achieving an IRR of 18.18% for investors.
The Challenge
- Property was unoccupied upon purchase
The Solution
- Aggressive leasing campaign increased occupancy from 0% to 100% by 2017
The Results
- IPG was sold for $3.056 million in 2021
- IRR of 18.18%
- Total return to investors was 218% over 6 years