OPTEC International Inc Announces Significant 28% Single Asset Increase of $700,000 In less than Nine Months

OPTEC International, Inc. (OTC PINK:OPTI) reported a significant 28% increase in the value of its Rancho Santa Fe property, purchased for $2,500,000 in June 2021.

Rhea-AI Summary

OPTEC International, Inc. (OTC PINK:OPTI) reported a significant 28% increase in the value of its Rancho Santa Fe property, purchased for $2,500,000 in June 2021. The current market value exceeds $3,200,000, reflecting an appreciation of $700,000 in less than nine months. The property generates $10,000 monthly in rental income, with multiple purchase offers received at current value. This development enhances OPTEC's asset value and profitability, signaling positive outcomes for investors and shareholders.

Positive

• 28% increase in property value within nine months.
• Current market value of the Rancho Santa Fe property exceeds $3,200,000.
• Potential profit of $700,000 from the property sale anticipated after lease ends.
• Monthly rental income of $10,000 contributes to financial stability.

Negative

• None.

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VISTA, CA / ACCESSWIRE / March 7, 2022 / OPTEC International, Inc. (OTC PINK:OPTI) today announced a 28% Increase in Value of the Investment Property Asset purchased less than Nine Months ago.

In addition to the company's commercial properties revenues the residential Investment property increased in value over 28% equating to $700,000 in the previous 9 months, and property values in that area continue to rise.

The Rancho Santa Fe Property was purchased for $2,500,000 in June 2021 and has a current Market value in excess of $3,200.000 and OPTEC realtors have received multiple offers to purchase at that price. The property is currently leased to residential renters until June 30, 2022, at a monthly rate of $10,000.00, thereafter the company will probably sell the property and capture the profit in the region of $700,000 for a one-year Investment, adding value to the company's asset and profitability for Investors and Shareholders.

Property Value Link:

https://www.redfin.com/CA/Rancho-Santa-Fe/7961-Camino-De-La-Dora-92091/home/4181292

Area Property Value Links:

https://www.zillow.com/homes/recently_sold/?searchQueryState=%7B%22pagination%22%3A%7B%7D%2C%22mapBounds%22%3A%7B%22west%22%3A-117.2640323638916%2C%22east%22%3A-117.06318855285645%2C%22south%22%3A32.98821977077234%2C%22north%22%3A33.09657502707303%7D%2C%22isMapVisible%22%3Atrue%2C%22filterState%22%3A%7B%22sort%22%3A%7B%22value%22%3A%22days%22%7D%2C%22fsba%22%3A%7B%22value%22%3Afalse%7D%2C%22nc%22%3A%7B%22value%22%3Afalse%7D%2C%22fore%22%3A%7B%22value%22%3Afalse%7D%2C%22cmsn%22%3A%7B%22value%22%3Afalse%7D%2C%22rs%22%3A%7B%22value%22%3Atrue%7D%2C%22ah%22%3A%7B%22value%22%3Atrue%7D%7D%2C%22isListVisible%22%3Atrue%2C%22mapZoom%22%3A13%7D

About OPTEC International, Inc.

With Locations in Carlsbad and Vista, California, OPTEC International is a developer and manufacturer of the OPTEC Fuel Maximizer products along with electronic LED, Ultraviolet (U.V.) & UV-C safety products and related advanced technologies and PPE (Personal Protection Equipment) products. The company's Temperature Scanning product line is being launched at a time when H.R. directors and facilities managers are experiencing extreme concern with respect to keeping environments safe during the global pandemic crisis and the safe reopening of the U.S. economy. For more information, visit: www.optecintl.com

Safe Harbor Statement: Safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as Opti, OPTEC or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions, or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. OPTEC International Inc.

Investor Relations Contact:
Michael Iorlano
(760) 621-0062 / Mike@MountaintopMedia.net

SOURCE: Optec International, Inc.

View source version on accesswire.com:
https://www.accesswire.com/691783/OPTEC-International-Inc-Announces-Significant-28-Single-Asset-Increase-of-700000-In-less-than-Nine-Months

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What recent financial milestone did OPTEC International achieve?

OPTEC International announced a 28% increase in the value of its Rancho Santa Fe property.

How much did OPTEC's investment property appreciate in value?

The investment property increased in value by $700,000 over nine months.

What is the current market value of OPTEC's Rancho Santa Fe property?

The current market value of the Rancho Santa Fe property is over $3,200,000.

When will OPTEC likely sell its Rancho Santa Fe property?

OPTEC plans to sell the property after the lease ends on June 30, 2022.