Steady improvements = big $$$$$

Curb appeal at Beaumont Place well underway

Progress at Beaumont Place is coming along as scheduled.  Money well spent in the right places can provide a tremendous yield.  Phase 1 of our curb appeal project has begun. Parking lot painting and signage is now complete and parking bumpers will be added later this week. Over the next two months about $50,000 will be spent on signage for our valuable commercial tenants, parking stall signs, a side entrance awning, and a banner.  The LED signage with hanging signs will transform the ugly concrete cube into a modern and appealing building in charming downtown Beaumont.  The best part is that the tenants will be paying for most of these improvements! Because it is a WIN/WIN scenario, the cost of the signage is added to the leases, plus by signing 5 year leases we will realize an increase in rents by about $5400 per month, which capitalized at 6% will provide a lift of over $1,000,000!  This makes the 50K investment seem small, and this is the beautiful part of commercial real estate, value tied directly to income. Check back later this summer as the transformation continues.