MasterBeat Corporation's SBQ Holdings, LLC Update on Navarre Beach Florida Property

Rhea-AI Summary

Masterbeat Corporation (OTC PINK:MSTO) has provided an update on its Navarre Beach, Florida property, purchased for $365,000. Construction is underway with the delivery of pilings and orders placed for essential materials. The property is projected to sell for $3.75 million, resembling a recently sold $4.25 million vacation home. Rented Inc. rated the Florida Panhandle as the top destination for vacation rental investments, scoring 98.7 out of 100 for potential returns. This strategic move aligns with Masterbeat's goal of capitalizing on tangible asset acquisitions.

Positive

• Acquisition of Navarre Beach property for $365,000 offers potential resale at $3.75 million.
• Construction progress includes ordered materials and ongoing groundwork.
• Florida Panhandle is ranked as the top market for vacation home investments.

Negative

• None.

BUFORD, GA / ACCESSWIRE / September 22, 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 gives update on Navarre Beach Florida property.

On June 07, 2021, SBQ announced the purchased of a tract of land in Navarre Beach, Florida for $365,000 to build another upscale Beach Vacation Home. Ground has been broken and is the process of having all the underground electrical and plumbing installed. The pilings have been delivered, and all the lumber, trusses, windows, and appliances have been ordered. The Navarre property is listed for $3.75 million dollars and will be similar in size and style as the recently sold Santa Rosa Rolling Dunes property, which sold for $4.25 million and was the first of multiple custom 5,000 sq. ft. vacation style homes that SBQ will be constructing throughout the Florida Panhandle. The Navarre property will be an 8-bedroom, 8.5 bathroom, 3 story structure with a rooftop deck, and an elevator. The property will be able to sleep multiple families, will include a private resort-style pool with a hot tub, fire pit and much more.

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: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/717040/MasterBeat-Corporations-SBQ-Holdings-LLC-Update-on-Navarre-Beach-Florida-Property

FAQ

What is Masterbeat Corporation's recent update on the Navarre Beach property?

Masterbeat Corporation reported ongoing construction at its Navarre Beach property purchased for $365,000, with a projected future sale price of $3.75 million.

How much was the Navarre Beach property purchased for?

The Navarre Beach property was purchased for $365,000.

What is the estimated selling price of the Navarre Beach property?

The Navarre Beach property is estimated to sell for $3.75 million.

What is the significance of the Florida Panhandle in vacation rental investments?

The Florida Panhandle was rated the top location for vacation rental investments, scoring 98.7 out of 100 for return potential.

What does Masterbeat Corporation specialize in?

Masterbeat Corporation specializes in hard, tangible asset acquisitions, focusing on real estate and other collectible assets.