OUR ACQUISITION CRITERIA
Tempe Commerce Park
We deploy capital thoughtfully to acquire properties that fit our investment criteria in metropolitan markets we know intimately. Because we focus on one property type and a limited geography, we target only those assets best suited for our capabilities and business model.
Our familiarity with multi-tenant industrial stretches back over 25 years. We have long-tenured relationships with brokers, lenders, and special servicers in the markets we cover, giving us preferential access to assets coming to market.
For a confidential discussion regarding sale of an asset, please contact Brett Turner, Director of Acquisitions, at 949-566-8800.
SPECIFIC "BROKEN" ASSET
Rebranding & Redevelopment
Opportunity to rebrand and reposition within competitive subset
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Wrong marketing knowledge, team, or sense of urgency to execute
SPECIFIC PRODUCT NICHE
Multi-Tenant Light Industrial
100,000 - 250,000 sq. ft.
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20 - 200 Tenants
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1,500 - 15,000 sq. ft. units
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20 - 30% Office / 70 - 80% Warehouse
SPECIFIC SIZE
Middle-Market Focus
Targeting single asset deals between $10 to $25 million & portfolios of assets between $50 to $750 million
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Transaction size too large for private investors and too small for larger institutional investors
SPECIFIC GEOGRAPHY
Western United States
Target markets include specific metro tier 1 and 2 cities
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California, Arizona, Nevada, Oregon, Washington, Utah, and Colorado
SPECIFIC TENANT
We Know Our Clients
2-10 Employees
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Expanding business
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Satellite locations
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Short term lease preferences
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Subcontractors of large distribution or manufacturing companies
SPECIFIC INVESTMENT PERFORMANCE
Return Differentiators
Multi-tenant industrial parks outperform single-tenant industrial
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One-third of the rent roll expires each year allowing for quick rent increases
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Multi-tenant parks cater to a growing entrepreneurial tenant base. The West Coast is currently absorbing 53% of the nation's venture capital