516 E 2nd St
Asset Issuer
Lofty Ai
Asset Platform
Lofty AI
Asset Name
516 E 2nd St
Asset Class
Real Estate
Asset Type
Commercial Real Estate
Asset Abbreviation
516-E-2nd-St_The-Dalles-OR-97058
Asset Fraction Price
$ 67.06
Asset Fraction Yield
11.1%
Asset Fraction Maturity
N/A
Min. Investment Size
$ 67.06
Asset Fraction Sale End Date
Asset
Valuation
$312,000
Category
Description
The Dalles, Oregon, is a historic city along the Columbia River, known for its natural beauty and outdoor activities. Highlights include the Columbia Gorge Discovery Center, which offers insights into the region's history, and The Dalles Dam, an engineering marvel with great views. Downtown The Dalles has a charming, small-town atmosphere with unique shops and historic buildings. The Dalles Mountain Ranch offers stunning views and wildflower hikes, while Sunshine Mill Winery provides a unique experience in a repurposed flour mill. For a taste of local culture, visit the Fort Dalles Museum or explore the cherry orchards in the area.
Features
• It is a commercial retail building on the main street in The Dalles, Oregon.
• The property has high visibility and easy access in a growing and redeveloping area.
• It is close (3 miles) to a major Google data center, which adds tech value to the location.
• The building has a front lobby/entrance, signage, and two offices available for lease starting August with flexible terms.
• The total rent for all spaces can reach around $2,500 per month.
• The main unit has a 5-year lease at $2,000/month, and two smaller units have 1-year leases at $300 and $200/month.
• Tenants pay for utilities and maintenance because the leases are Triple Net (NNN).
• The property is managed by the owner’s company, Amoriss CRG.
• The loan balance on the property is $153,954.26.
• It has an estimated annual return of about 16.6% and a rental yield of about 11.1%.
• The zip code has a "B-" rating on Niche, showing a decent neighborhood quality.
Details
Asset Platform URL
https://www.lofty.ai/
Asset Location
United States
Regulatory Jurisdiction
The Dalles, OR 97058
Asset Fraction Type
Security Tokens
Asset Standard
N/A
Blockchain Network
N/A
Total Asset Fraction Supply
6,240 tokens
Asset Fraction Sale Allocation
274 tokens
Total Asset Fractions Sold (So Far)
3,125 tokens
Max. Investment Size
N/A
Asset Fraction Sale Start Date
October 19, 2024
Assesment/Rating Provider
Assesment/Rating
Assessment/Rating Proof
Financial Statements
Financial Audits
Asset Valuation
$312,000
Asset Valuation Documentation
Asset Ownership Structure
Company Registration
License or Regulatory Framework
Smart Contract
Smart Contract Audit
Whitepaper
