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Preferred Profile
Well located, value adding, opportunities which may include components of new development, redevelopment, & releasing.
Preferred Property Types
Light industrial, flex-industrial, R&D, distribution, office (suburban or CBD), selected retail and mixed use.
Preferred Markets
West Coast, with priority on Northern California.
Preferred Deal Size
$4-25 Million, however, smaller and larger acquisition opportunities will be considered.
Quality
Class A & Class B (or upgradeable thereto)
Replacement Cost
Existing assets must be purchased at a discount to current replacement cost.
Financing
At sellers option. Properties will be purchased:
- On an all cash basis with no financing contingency to
insure a quick closing
- or -
- Subject to existing financing
Environmental
Environmentally impaired properties will be considered
Due Diligence/Closing
Can be expedited to meet seller's needs
Structure
- Purchase of 100% fee simple interest
preferred
- Joint ventures or ground lease structures
will be considered on a case by case basis
- Note purchases will be considered
Unsolicited Offers
May be made if sufficient information is available
Broker Relationship
- The firm acts solely as a principal and does not participate in brokerage fees
- Third party brokerage services are utilized for all post-acquisition leasing and sale requirements
Submission of Acquisitions
Please submit all Acquisitions to:
Mr. Jim Devenport
Cranbrook Group, Inc.
4701 Sisk Rd., Suite 101
Modesto, CA 95356-9320
jdevenport@cranbrookgroup.com
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