Derek Peruo

PropShop Homes, LLC in Menomonee Falls, WI

Derek Peruo with Sara Peruo

This deal came to us through a team of investors we know well at one of our local networking groups. The investors reached out to see if we wanted to invest as a limited partner. We funded this deal with cash. The property has office, industrial and self-storage space. Long-term tenants occupy most of the offices and warehouses. These tenants have a strong history of renewing their leases. The general partners will add value by raising rents and occupancy. They'll also lower expenses by appealing property taxes. We like the steady long-term cash flow and tax benefits of this deal. Our internal rate of return is 18%!