3946 N. Miami Avenue
Property Highlights3946 N. Miami Avenue is a retail building within Miami's Design District with over 12,100 square feet of leasable space formerly occupied by ARC Document Solutions. This Property was purchased with a life insurance company partner and held from October 2014 until January 2016. The partnership was able to exit the deal and achieve a 76% gain in sales price over purchase price with Tricap achieving an almost 150% IRR and 5.5x multiple on Tricap's equity. The project as a whole saw a levered IRR of 64% and 2.5x equity multiple. The assemblage was sold in 2015.
Miami Beach, Florida