Trade Value Range: |
Seeking $10,000,000 to $20,000,000 in one property or multiple properties |
Location Interest: |
Major California cities together with other major cities in Sunbelt states |
Financing Criteria: |
- Assumable financing preferred
- Equity of $2,000,000 to $5,000,000
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CAP: |
Initial minimum requirement of 7.5% CAP on NOI |
Property Type: |
- Retail/Commercial (single or multi-tenant)
- Apartments
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Additional Criteria: |
Retail/Commercial:
- Credit-worthy major tenant(s)
- Quality location and market area
Apartment Complex(s):
- Built or remodeled within last 15 years
- No significant deferred maintenance
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Submitted packages to include: |
Retail/Commercial:
- Summary of tenant(s) and lease(s)
- Rent roll & Schedule of income/expense
- Area demographics
- Major tenant(s) sales per square foot
- Competition map
Apartment Complex(s):
- Rent roll & Schedule of income/expense
- Summary of known deferred maintenance
- Market rents survey
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