TSX:AAR.UN - Post by User
Post by
ghayeson Aug 21, 2013 4:13pm
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Post# 21687535
A 3 month Flip gives $2.07 million gain.....
A 3 month Flip gives $2.07 million gain.....
They purchased the properties on 15 May 2013 for $5.48 million and sold on 16 August 2013 for $7.55 million = $2.07 million gain in 3 months. . minus costs of course. .. nice one....
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excerpt from their news release of 16 Aug 2013
announced the successful sale of 901 Rowntree Dairy Road and 101 Marycroft Avenue located in Vaughan, Ontario for an aggregate price of $7.55 million.
Both are vacant single tenant industrial buildings. 901 Rowntree was constructed in 1984 and has a total rentable area of 16,125 square feet with a clear height of 16 feet. 101 Marycroft was constructed in 1986 and has a total rentable area of 46,390 square feet with a clear ceiling height of 16 feet. PIRET acquired the properties for $5.48 million in aggregate as a part of the GTA Portfolio transaction that closed May 15, 2013.
Read more at https://www.stockhouse.com/news/press-releases/2013/08/16/pure-industrial-real-estate-trust-announces-successful-sale-of-two-industrial#Xybpt7Z9CKgqdh4q.99