Industrial Investment Criteria

Focus Markets

  • Infill locations in growing cities with limited supply of industrial.

Asset Criteria

  • Functional Class B and C industrial buildings.
  • 20,000 – 120,000 Square Feet
  • Site 3 – 10+ Acres outdoor storage strongly preferred.
  • 18+ feet ceiling height preferred but not necessary
  • Deal Size: $1 – $7.5M or above on a case by case basis.
  • Credit or Private Tenants
  • Below market rents strongly preferred.
  • Potential Tenant Types: general distributor, building material distributors, plumbing distributors, industrial supply, electrical supply, telecom, tool rental, and many more.
  • Cap Rate-Commensurate with market, credit and risk.
  • Shorter lease terms considered on a case by case basis.

Sample Acquisitions

HD Supply

  • Three city single tenant plumbing distributor located in Clearwater, Tallahassee, and Melbourne, Florida.
  • Portfolio Total Building: 122,107 square feet on 19.48 acres.
  • Leases were short term.

San Antonio, TX

  • Long Term Stabilized Lease