15-UNIT COMMERCIAL ASSET

 

Crossmark Office Building is a 15-unit commercial office building purchased by Rebus Capital LLC in March 2017. The office building is located in South West Lubbock, an established and well-kept area experiencing growth and redevelopment.

The opportunity on the property is found in the deferred maintenance and rents below the market level. Upgrades to the property included the installation of window shutters and native grasses on the exterior.

In the interior, the common area bathrooms were improved and updated to create a luxurious and professional feel to this commercial office building.

Based on the purchase price, the loan terms secured, and the professional management by Alliance Realty Services; investors and Rebus Capital have enjoyed average returns on 15.3% since closing.