Need Off Market Distressed Class B or C $$30M

[Danielle Davenport]

Need Off Market Distressed Class B or C $$30M

Looking for Off Market Distressed class B and C office buildings, retail spaces, apartments, or hospitality establishments up to $30M

1. 1. Property Type: The target properties should include distressed class B and C office buildings, retail spaces, apartments, or hospitality establishments. These properties have the potential for improvement and value enhancement on the as-is or re-entitlement to residential at a future date.
2. 2. Value Addition Potential: Client seeks properties where it can add value quickly and upgrade them to class A standards. This may involve renovations, rebranding, modernization, or other strategic improvements that can elevate the property's desirability and market positioning.
3. 3. Size: The properties should be at least 1 acre or more in size, providing sufficient space for potential redevelopment, expansion, or reconfiguration as needed. Example would be a shopping center or church that typically have a smaller building footprint relative to a large oversized parking lot and undeveloped land.
4. 4. Off-Market: Client prefers properties that are not actively listed on the market.
5. 5. Core Market: The target properties should be located in core markets that have strong economic fundamentals and growth potential. These markets should offer high-demand environments that can support the desired rental rates and occupancy levels.
6. 6. Rent Generation Potential: The core market should have the potential to generate high rental income. This may be due to factors such as strong local demand, limited supply, or desirable location within the market.