Commerical Properties Needed – Criteria Below

November 4, 2009

Commercial Real Estate


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


  • 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


    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.

    5. Angella Says:

      Luis, we’re ALWAYS looking :-)


    6. Trevor Tumlison Says:

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

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