OPMI

What a great time hearing from developers, investors and leaders in the commercial real estate space at our first ICSC event in Florida!

We also had the opportunity to do a walking tour of downtown Pensacola and the Blue Wahoos Minor League Baseball stadium!

Happy Easter from the OPMI team! We hope you all have a blessed day!

👀 Suite for Lease at 569 Holcombe Ave 👀

We have two suites available, each 700± sqft. 🌟 Combine both for a total of 1400 sqft! Convenient parking is available in both front and rear of the property.

🌟 Great location for barber and beauty services, law offices, entrepreneurs, real estate teams, or admin services!

Contact us today to schedule a viewing and secure your ideal space! 📧
[email protected] | 251-210-7172

For more information: https://www.loopnet.com/Listing/569-Holcombe-Ave-Mobile-AL/30713749/

🏡 Epsilon Apartments in Mobile: Transformed from a dangerous eyesore to a boutique nomadic worker community!

🌆 Original underwriting was for a vacant 100-year-old D-class property to be redeveloped into a B-class apartment building, however, Epsilon took an innovative turn when we catered to Travel Nurses. After looking at healthcare locations and lodging comps, we started with just one studio apartment.

📊 After a successful pilot, the remaining apartments underwent additional renovations and were tastefully furnished for traveling professionals, the 5-unit property became a haven for Travel Nurses and Corporate Travelers. Our focus was on fostering a vibrant and unique community spirit for like-minded working temporary residents. After acquiring for $95,000 in 2020, and $300,000 invested in improvements the asset was stabilized at 12.5% UYOC.

🎉 In 2023, our journey with Epsilon culminated with a $700,000 sale to an out-of-state 1031 investor. That exit at a 7.25% cap rate and the new business plan of corporate housing resulted in 34.8% profit.

OPMI: Focusing on the potential in Properties, Places, and People. Please reach out if you have an opportunity you believe would be a good fit for us.



Special thanks to the incredible individuals who made it all possible:
→ Deal sourced by: Todd Brown
→ Seller Representation: Steven Christopher Rowe
→ Buyer's Agent: Heather Colson - Realtor - Wellhouse Real Estate
→ Revitalize Realty: & Melissa Fowler Frye
→ Listing Service: Furnished Finder
→ Talented Contractors: Jimmy Deitz (AOE - Air of Excellence), Greg Smith (Roto Rooter Plumbing & Drain Services), Jerry Jackson (Professional Roofing & Construction ), Jon Jeffress (Deep South Focus), Mike Roberts & Caleb Horn (Eagle Electrical Services Inc), Katherine Gibson (floor plan design), David Sumrall (Carpet Specialist of Mobile, Inc.)

We had a great night at the 2nd annual Bourbon & Blazers 🥃 Thank you River Bank & Trust for insightful conversations and an unforgettable evening!