| Comments | Investment Criteria:
To acquire retail plaza assets for a fund / syndicate.
$7M - $25M
Prefer multi-tenant.
Can consider single tenant assets such as a standalone, freestanding Wal-Mart,
or other big box properties with institutional-grade covenants. These cap rates
could be a little lower possibly.
Can consider a portfolio purchase.
> 6.0 - 6.5% cap for a stabilized asset in a secondary market.
If located in a tertiary mkt, then cap should go up accordingly, maybe > 7.0% cap.
GLA: 25k SF - 125k SF
maybe $200 - $400 / SF of bldg
Site Area: approx. 3 - 8 ac
If you have assets to dispose of meeting above criteria, then we could discuss. Im able to sign a CA / NDA etc if required.
Would like to receive a CURRENT dated Rent Roll prepared by Seller.
If Rent Roll not current dated, I cant work on it.
Prefer an xlsx file - not pdf so my client and I can confirm calculations & formulas.
If u have an Argus file for financial modelling, that would help too.
Also need property survey.
PIN # or Land Registry (or I can pull).
Current property tax amount, or actual bill copy.
CAM breakdown - prefer xlsx file rather than pdf.
Current property insurance amount, or bill copy.
Need the Asking Price, or price guidance is ok too. Cannot be unpriced.
Commission fee being offered.
Need to know if on MLS, or off-mkt.
Note: Nothing can be done without a Rent Roll or price guidance.
Without access to this, I cant do anything.
Also, pls inform when Seller acquired the property, how much paid,
and current motivation for disposition.
Looking to build long-term relationships w agents and principals.
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