Vista Del Mar, beachfront building at Kikita, Dorado

Investment breakdown

Base cost: $6,080,000
Target sale price: $14,000,000

Acquisition: $5,000,000
Renovation: $1,080,000

Before closing costs, taxes, financing, commission, holding and contingency. Base cost to target price is a gross margin, not a net result.

Beachfront building at Kikita, Dorado: 16 units across four floors plus a rooftop, with 4,600 sq ft per floor and 16 dedicated parking spaces. Twelve units are complete and already hold individual titles; four are structural shells, and the 4,600 sq ft rooftop has infrastructure ready to be activated. As currently operated, with twelve units in service, the asset yields around 9% on the acquisition basis. The renovation figure corresponds to an optional programme — roughly 50,000 dollars per completed unit and 120,000 for each shell — which the base case does not require in order to hold. The price shown is a target exit after repositioning; the defensible value reference in the current condition sits between 8.5 and 9 million. The photograph shows the building as it stands today.

We can share the documentation, condition and figures once we know what you are looking for.

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Prices are indicative, subject to change or prior sale. Surfaces and conditions need due diligence.