Buying Criteria

Geography: Within a 30 min. drive of most major metros that have the following:

Very low vacancy rate, positive population, job & wage growth. We like the Southeast, Texas, Arizona, California, but follow
opportunity everywhere.

Value Add:

We buy properties that have substantial upside. There has to be at least one major way to immediately force appreciation. We aim to 2x-3x the value by leasing/releasing, making capital improvements or getting creative. 
Incoming CAP rates are not as important, because we buy under replacement value and create value by solving the problems the seller and the property are facing by improving the property and placing strong tenants. 
We like buildings with AT LEAST 25% VACANCY, or under rented with short leases terms.

Retail

  • 15,000 - 100,000 sqft

  • Multi-Tenant

  • Good Visibility & Traffic Count

  • Anchored or Unanchored

  • Medium-High parking ratio

  • Single Story

  • Markets with Growing Population

  • Above national average job growth and income demographics

Industrial

  • 25,000 - 150,000 sqft

  • 14' minimum clear height

  • Mostly grade level doors. Ideally some dock high loading

  • Longer rectangular buildings are desired, or square buildings with large column spacing and access from multiple sides.

  • Single story

  • 25% max office build out ideally. Can be more, but will not be valued

  • Medium-High parking ratio

  • Additional yard is desired, but not necessary.

Strategy: We like buildings that are in poor condition that we can improve by:

  • Cosmetic Remodels or Capital Improvements

  • Offering TI budgets to attract higher value tenants.

  • Dividing large spaces into smaller, more rentable units at higher $/sqft rents.

  • Splitting Parcels

  • Extra Land that can be developed.

  • Carving out out parcel pads

  • Rezoning/Repurposing

If you’re interested in investing with us for great returns secured by properties with massive upside potential, please leave your information here to be notified on our next deal: