Commerical Properties Needed – Criteria Below

November 4, 2009

Commercial Real Estate

Folks,

If anyone is aware of commercial properties that meet the criteria listed below, please let me know.  Thanks, Angella

Apartments:

  • 75+ units
  • On-site management
  • Produce 10% cash on cash return based on Actuals, not ProForma
  • Class B & C props.
  • Located in A, B, or C location; no class D areas
  • Upside potential in rents or management
  • Pitched roofs
  • Individual meters
  • Assumable debt
  • No boilers
  • No Loopnet ListingsCommercial Properties

    Self-Storage Facilities:

    • Min 30,000 sq. ft. rentable area
    • On-site manager
    • Built after 1980; preferably 1985-1995.
    • Nothing less than 3 years, no Class A
    • 85% occupancy
    • Preferably additional/adjoining land available
    • Near/on major streets – residential/commercial real estate mixed area
    • Near multi-unit apartments
    • Near medical facilities & offices

    Areas of Interest:

    • SC – Charlton, Greenville , Columbia , Savanna, La Grange
    • NC- Charlotte, Raleigh, Fayetteville, Wilmington, Asheville
    • AR- Ft Smith, Little Rock
    • UT – Provo, St George, SLC- near transit system only
    • TX- Austin, Dallas, San Antonio, Marcos, Brownsville, Longview, El Paso, Amarillo, Arlington, Abilene, Texarkana (AR side, too – college on TX side, but AR side is still ‘in state’ tuition for students, airport is there)
    • OK: Tulsa- south of 44 or 71st St, or North to Owasso, or east to Broken Arrow (sic); Oklahoma City- NW (lots of competition)/ SW (good, not as $$$ or competitive)
    • CO – Greenley
    • IA – Des Moines (only Midwestern area)
    • ID – Cord Elaine
    • KS- Wichita (More unemployment now? Similar to Tulsa- stubborn sellers)
    • MO – Kansas City (not KS)
    • NB – Omaha
    • WA – Tacoma WA, Olympia, NO Seattle ($$$)
    • MS – Gulfport
    • AL – Shreveport, Montgomery, Mobile, Huntsville (good), Lafayette
    • TN- Memphis- east side- NOT far east, near Germantown
    • TN – Nashville (southeast/northwest only), Chattanooga – close to river
    • GA – Augusta
    • KY – Louisville, Lexington
    • PA- Pittsburg (we don’t know the area well)
    • OR- Bend
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    6 Responses to “Commerical Properties Needed – Criteria Below”

    1. Rene Alvarez Says:

      Hello Angela,

      I read your criteria and wanted to introduce myself. My name is Rene Alvarez, I am a Real Estate Agent in Las Vegas. I want to extent the opportunity to you and your investors. I currently have a contact through the FDIC and am able to sell off distressed properties. We just closed a deal a few months ago. The deal included 9 industrial buildings in Phoenix and 2 in Las Vegas. Please feel free to communicate with me if this interest you. The properties are always different and can be mixed commercial and residential.

      Best Regards,

      Rene Alvarez

      renerealty@cox.net

      702-217-9072

    2. Jean Says:

      Angella, we have quite a few properties that might be a possible fit. They are all distressed and off market.

    3. Maynard Says:

      Hello Angella, I have some good contacts for you in a few of the places on your list. Please talk to me so we can get you hooked up.

    4. Luis Figueroa Says:

      I am still wondering if you are still interested in your criteria. I see it was posted November of last year, and want confirmation. If so, I may help you.
      Thanks,
      Luis

    5. Angella Says:

      Luis, we’re ALWAYS looking :-)

      Angella

    6. Trevor Tumlison Says:

      Very informative Angella, I’m lucky I stumbled across this! Thank you!

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