INVESTMENT CRITERIA
What fits, and what does not.
Clear criteria so owners can tell in a minute whether a property is worth sending. We buy direct from sellers.
THE BUY BOX
What we are buying.
We are direct buyers with a long hold in mind, focused on commercial property where we can add value.
Location: Arizona only, in markets with real growth
Price range: $1 million to $5 million
Property types: retail, medical and office, industrial, NNN (single or multi-tenant)
Condition: vacant, partially leased or fully leased
Upside: in-place rents below market, with leases rolling soon
Basis: priced at or below what it would cost to build today
NNN: single-tenant or multi-tenant, owner leaseback or vacant buildings ready to lease
PROPERTY TYPES
Where we look hardest.
Four categories, each with a clear idea of what makes a good deal.
Retail
Multi-tenant strip and neighborhood centers with a mix of national and local tenants, $1M to $5M.
Medical & Office
Older Class B and C buildings priced well below the market average per square foot.
Industrial
Functional industrial buildings in growing Arizona submarkets.
NNN
Net Lease
Single-tenant or multi-tenant NNN, including owner leaseback and vacant properties.
SAVE US BOTH TIME
What we pass on.
If it is on this list, it is not a fit, however good the deal.
Anything outside Arizona
Residential and multifamily
Deals above $5 million