MasterBeat Corporation's SBQ Holdings, LLC Gives Update on $4.25 M Sale of the Rolling Dunes Property and Progress of Navarre and Baird Rd Properties

Rhea-AI Summary

Masterbeat Corporation (OTC PINK:MSTO) announced the impending $4.25 million sale of the 183 Rolling Dunes property, expected to close in May. The project, with acquisition and construction costs of $1.85 million, will yield a gross profit of $2.4 million. The company is also transitioning the Baird Road project into a larger vacation rental property, set to break ground in April. Additionally, Masterbeat plans to acquire 10 more parcels in the Florida Panhandle in 2022, aiming to generate over $40 million in revenue and $20 million in profit.

Positive

• Expected $2.4 million gross profit from the sale of 183 Rolling Dunes.
• Plans to acquire 10 additional land parcels in 2022 could lead to $40 million in revenue and $20 million in profit.
• Completed significant progress on property renovations, enhancing asset value.

Negative

• None.

BUFORD, GA / ACCESSWIRE / March 18, 2022 / Masterbeat Corporation (OTC PINK:MSTO), a company specializing in hard, tangible asset acquisitions with an intense focus on real estate, collectible classic automobiles, and other tangible assets, is pleased to announce that the sale of 183 Rolling Dunes for $4.25 Million is expected to close the first week of May. The land acquisition and construction costs for this property are $1.85 Million ($1,850,000) which realizes a $2.4 Million ($2,400,000) gross profit.

As of March 15th, 2022, we are pleased to announce the following has been completed at 183 Rolling Dunes, and we are confident on meeting our targeted completion date.

The list of completed work Includes:

• HVAC
• Electrical Wiring
• Insulation
• Drywall
• Shiplap
• Tongue and Groove Ceilings
• Hardie Siding,
• Painting and coatings will be complete by the end of March.

Interior work that has been completed includes:

• Roofing Complete (Includes Flash, Peal, and Seal all roof surfaces and install "Max Rib" exposed fastener style galvanized roof panels.
• Install of pool complete
• Interior finishes that are in progress and will be completed soon:
• Tiling of Showers and bathroom floors will be complete the end of this week 3/19
• Cabinet installs from 3/26-4/1
• Template Counter tops 4/1
• Flooring installs 4/1-4/8
• Prep and prime of all interior walls

SEE PICTURES OF ROLLING DUNES PROGRESS ON OUR TWITTER ACCOUNT: SBQ HOLDINGS LLC @LlcSbq

The Baird Road project has been changed to a larger designed Vacation Rental Property with a 2-car garage and 750 square foot 2 bed/ 2 bath apartment above. This will make this property a total of 10 beds and 11 baths. We decided to use the larger property to build another model that is in our architectural portfolio. We would like to have all 3 different models constructed this year and prove the designs for this area. This double lot was a perfect size to implement our larger design. We are expected to start breaking ground in April with an estimated completion date of March 2023.

The Navarre property will be the same design as Rolling Dunes and we are expected to start breaking ground in April as well with an estimated completion date of March 2023.

"In 2022, we fully intend to aggressively implement our land acquisition plan to build our portfolio of large vacation style short term rental properties. MasterBeat plans to strategically use its recently filed Regulation A capital raise to aggressively purchase additional land parcels throughout the Florida Panhandle. With every $500k to $600k in raw land purchases, SBQ can add $4 million plus in asset value to the books with the potential of $2m plus in profits. The Company has secured constructions loans for the builds using the purchased land for collateral. So, all funds raised in the market to purchase land secures the building loan and adds significant asset value and profits. We fully intend to acquire an additional 10 parcels in 2022 on the Florida Panhandle. This will give us the potential to generate 40M plus in revenue with 20M plus in profit," stated Josh Tannariello, CEO of Masterbeat Corp.

Zillow has the area appreciating at 23.2% annually over the next 12 months and there was 46.6% change over the previous 12 months.

https://www.zillow.com/santa-rosa-beach-fl-32459/home-values/

Rented Inc., recently listed the Florida Panhandle as the best location for investors to purchase vacation rental homes. Florida's northwest Gulf Coast ranked #1 on the new "100 Best Places to Buy Vacation Rentals." The report was compiled by Rented Research and Weiss Analytics ranking destinations by the cost of ownership, short-term revenue potential, acquisition cost, annual appreciation, and projected changes in asset value. The new 2020 report determined that Florida's Panhandle offers the best returns on vacation home investments over "Every Other Market" in the United States and has an index score of 98.7 out of 100. The Florida Panhandle has emerged as the clear winner as the top vacation-home investment area in the United States. See more at www.inman.com/2020/07/20/florida-is-the-no-1-state-to-purchase-a-vacation-rental/

About MasterBeat Corp.

MasterBeat Corporation (OTC PINK:MSTO), incorporated under the laws of Delaware, is a publicly traded company specializing in hard, tangible asset acquisitions with an intense focus on real estate, precious metals, and other tangible assets. The company believes its progressive approach to an old school model, especially in this market based on fragile earnings multiples and uncertainty, to acquire hard, tangible assets will not only offer long term capital appreciation but also deliver revenues, profits, and self-sustainability.

www.masterbeatcorp.com
info@masterbeatcorp.com

Safe Harbor Statement

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations and assumptions upon which they are based are reasonable, we can give no assurance that such expectations and assumptions will prove to have been correct. Some of these uncertainties include, without limitation, the company's ability to perform under existing contracts or to procure future contracts. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including without limitation, successful implementation of our business strategy and competition, any of which may cause actual results to differ materially from those described in the statements. We undertake no obligation and do not intend to update, revise or otherwise publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of any unanticipated events. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our expectations will materialize. Many factors could cause actual results to differ materially from our forward-looking statements.

CONTACT:
Josh Tannariello
561-570-7050
josh@masterbeatcorp.com

SOURCE: MasterBeat Corporation

View source version on accesswire.com:
https://www.accesswire.com/693595/MasterBeat-Corporations-SBQ-Holdings-LLC-Gives-Update-on-425-M-Sale-of-the-Rolling-Dunes-Property-and-Progress-of-Navarre-and-Baird-Rd-Properties

FAQ

What is the expected sale price for the 183 Rolling Dunes property by Masterbeat Corporation?

The expected sale price for the 183 Rolling Dunes property is $4.25 million.

When is the closing date for the sale of 183 Rolling Dunes?

The closing date for the sale of 183 Rolling Dunes is expected to be the first week of May.

What gross profit is Masterbeat Corporation anticipating from the 183 Rolling Dunes project?

Masterbeat Corporation anticipates a gross profit of $2.4 million from the 183 Rolling Dunes project.

What are Masterbeat Corporation's plans for future land acquisitions in 2022?

In 2022, Masterbeat Corporation plans to acquire 10 additional parcels in the Florida Panhandle.

How much revenue and profit is Masterbeat Corporation aiming to generate from its land acquisitions?

Masterbeat Corporation aims to generate over $40 million in revenue and $20 million in profit from its land acquisitions.