Zaragoza | Pepco San José Project crowdfunding opportunity project pitch by Urbanitae

Zaragoza | Pepco San José Project crowdfunding opportunity project pitch by Urbanitae

Source Node: 2501206

Funding data
(01 March 2024)

Raised

EUR
610,000.00

Min. Goal

EUR
1,180,000.00

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Details

Country

Spain

ES

Type

Loan/debt

Sector

Real EstateCommercial Office

End date

14 March 2024
(-12 days)

investors

471

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Description

“CLICK HERE** NEXT OPENING ON FEBRUARY 29 AT 16:00h (UTC+1) **** Click HERE to watch the Webinar “Urbanitae up close – Pepco San José Project”, together with the promoter Javier Palacio and with Luis Maura and José María Gómez Acebo from Urbanitae **• Rental project in Zaragoza• Ticket: €1,180,000 // Term: 60 months• Average annual dividend of 5.40%• Quarterly interest paymentWe present a new project, Pepco San José Zaragoza, which consists of the acquisition of a commercial premises leased to the clothing and home utensils chain Pepco. The project is located in the San José neighborhood in the city of Zaragoza, more specifically on Avenida del Tenor Fleta, 52, the third most populated neighborhood in Zaragoza. The premises have been, in recent years, a market with 32 stalls, so it is composed of thirty-two registered properties on the ground floor of a residential building and has a gross leasable area (GLA) of 995 m².The San José neighborhood is a traditional working-class neighborhood in the city of Zaragoza and is located very close to the historic city center. This neighborhood is the third most populated in the city with a total population of about 66,715 inhabitants, which represents 9.5% of the population of Zaragoza. Specifically, the street where the asset is located is one of the main arteries of the fully consolidated neighborhood with residential buildings and equipped with all necessary services such as public transport, schools, health centers, large green areas, etc.The Urbanitae scenario is based on the contractual data signed by Dealz España, S.L.U. (Pepco Group) (rent) in June 2023, the budgeted expenses of IBI and insurance. Regarding the purchase price, the rental price and the disinvestment price, Urbanitae has internally verified the promoter’s business plan (GPA) and has contrasted it with an independent appraiser (Appraisal Society). According to the lease contract, it is estimated that the project will generate an average annual dividend of 5.40%. The total revenue forecast amounts to €1,684,123, while the estimate of the total costs for the execution of the investment corresponds to €1,348,250.The total profitability of a project is the REVENUE FORECAST minus the COST ESTIMATE, divided by the TOTAL EQUITY. As an example, in the Urbanitae scenario, the calculation would be REVENUE FORECAST (€1,684,123) minus EXPENSE FORECAST (€1,348,250) divided by the TOTAL EQUITY (€1,180,000). The result of this quotient multiplied by 100, would represent the percentage of profitability on the capital contributed in this scenario.”

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