NNN LEASED TO. Flatbush Avenue. Brooklyn, New York
|
|
- Aleesha Fisher
- 6 years ago
- Views:
Transcription
1 NNN LEASED TO 30 Flatbush Avenue Brooklyn, New York
2 30 Flatbush Avenue SPONSORSHIP Sun Equity Partners ("SEP") and Stark Enterprises ("Stark") will form a joint venture (the "Sponsor") to purchase 30 Flatbush Avenue (the "Property"). SEP is a real estate investment and development firm founded by Zev Schick, Mendel Tress, and Sun Realty Capital. The firm mainly focuses on value-add retail projects as well as select residential opportunities. Since 2013, SEP has acquired over $400MM of properties, encompassing 1.6MM sf of retail space, 1MM sf of office/industrial space, and almost 500 residential units. Sun Realty Capital was founded by the Azeroual family and is headed by Avy Azeroual. The company is currently headquartered in New York with offices in Los Angeles, Berlin, Paris, and Casablanca. The Azeroual family has been involved in real estate for over 60 years, with an established reputation as a high-quality property owner, investor, and developer of projects spanning several continents. The Azeroual family currently controls over 12MM sf of offices, apartments, and retail worldwide, valued in excess of $1.5B (including positions held by joint venture partners). Stark, headquartered in Cleveland, is a full service real estate operating company with the highest level of expertise in acquisition, development, leasing, property management, construction, architectural design, landscape architecture and marketing. Balancing new urbanist principles and sustainability practices with economic viability, Stark Enterprises delivers remarkably progressive, next generation mixed-use properties. For nearly 40 years, Stark Enterprises has been developing and managing generational assets that leave visitors with lasting impressions. Stark s portfolio consists of retail, entertainment, office, residential, hotel and student housing environments, totaling approximately seven million square feet. With its $2B portfolio and over $1B under development, Stark properties are always managed with the company s long-term investment strategy in mind and are continually recognized by customers and industry leaders as among the most beautiful, well operated and maintained properties in the nation.
3 Investment-grade acquisition opportunity NNN Con Edison Investment-Grade Credit 100% leased on an absolute net basis to Con Edison, delivering a bondable income stream for at least the next ten years. The Property was purpose-built for Con Edison in 1971, and the utility company has remained in continuous occupancy for 45 years. Throughout the term of the Lease, Con Edison has continued to make significant capital investments in the facility. Irreplaceable Full City Block Location Comprises a prime full-block location at the intersection of Flatbush Avenue and Fulton Street Downtown Brooklyn s most important thoroughfares. Prime High-Profile Retail with Upside Three high-profile storefronts along Flatbush Avenue leased to Chase Bank, CVS, and United Healthcare through 2027, 2034, and 2021, respectively. Strong neighborhood rental growth presents substantial upside as below market leases expire. Mark-to-Market Renewal Upside Con Edison possesses an option to renew in 2027 at 95% FMV, driving significant mark-to-market cash flow growth potential with no down time and minimal leasing costs. 30 FLATBUSH AVENUE page 2
4 Strategically located in Brooklyn s Commercial and Residential Core Brooklyn Renaissance Outstanding long-term appreciation potential as Downtown Brooklyn s remarkable evolution continues surging population, residential development boom, expanding neighborhood amenities, and major office relocations within the technology and creative sectors. Immediate Subway Access Nevins Street subway station entrance immediately outside the Property s front door offers direct access to Manhattan in less than 10 minutes via the 2, 3, 4, and 5 lines. There are an additional eight subway lines within two blocks of the Property. Future Repositioning Potential Ideal location and physical features for creative-oriented office tenants moving into Downtown Brooklyn oversized windows, triple exposure, bold architecture, on-site parking and easily divisible 40,000 square foot center-core floorplates. Long-Term Development Potential Ideally suited for development/redevelopment in the future, presenting a lucrative long-term exit strategy for this core Downtown Brooklyn investment. Downtown Brooklyn looking West to Lower Manhattan Investment Summary page 3
5 INVESTMENT SUMMARY The Sponsor is currently under contract to purchase the leasehold interest in a full-block, mixed-use office and retail building for a total capitalization of $97.6MM. The Property is well-located in rapidly-developing Downtown Brooklyn, at the corner of Fulton Street, just blocks from the Barclays Center. The Property is currently 100% leased to credit tenants. The Consolidated Edison Company of New York, New York City s energy utility, net leases the Property, occupying the entire office portion at below market rents through The retail spaces are subleased at below market rents to CVS Pharmacy, JP Morgan Chase Bank, and United Healthcare Services, with initial lease terms expiring between 2021 and 2034 (though each tenant has extension options). The Property is subject to a ground lease (with the City of New York as ground lessor) with an extended maturity in SEP's base underwriting assumes the Property is held for 10 years and sold upon execution of ConEd's extension term. The investment presents multiple lucrative opportunities for significant upside, including an earlier extension agreement with ConEd (and earlier sale), a renegotiation and extension of the ground lease with New York City, or the construction of air rights. PROPERT Y SN APSHOT LOCATION BLOCK /LOT LOT SIZE FRONTAGE ZONING YEAR BUILT FLOORS BUILDING AREA OFFICE RETAIL TOTAL TYPICAL FLOOR PLATE PARKING SPACES CURRENT TENANTS YEAR 1 NOI 10-YEAR AVERAGE NOI Full triangular block bound by Flatbush Avenue, Nevins Street, and Livingston Street 162/1 33,294 square feet Flatbush Avenue: 378 feet, Nevins Street: 212 feet, Livingston Street: 315 feet C6-4 (within the Special Downtown Brooklyn district) stories plus penthouse, basement, and sub-basement 238,020 rentable square feet 20,413 rentable square feet 258,433 rentable square feet 42,736 rentable square feet 52 Con Edison, JPMorgan Chase Bank, National Association ( Chase ), CVS Albany, LLC ( CVS ), United Healthcare Services Inc. ( United Healthcare ) $5.5MM $6.0MM Investment Summary page 5
6 Financial Drivers The Property presents investors with an ideal combination of low-risk in-place cash flow supplemented with significant revenue growth and capital appreciation. This investment profile is perfectly suited to the Downtown Brooklyn growth story offering tremendous upside potential as this world-class mixed-use district continues to mature. Attractive Yields The Property will generate competitive yields from day one, with returns that meet or exceed alternative netlease investments in the New York City marketplace. Yields on this investment will be significantly higher than from tenant corporate bonds of similar maturity, delivering the twin benefits of enhanced yields and appreciation potential. Outstanding Credit The Con Edison lease is backed by the investment grade credit of New York State s leading utility company, with a credit rating of A2 from Moody s and A- from S&P. Even in periods of economic volatility, utilities are reliable performers, delivering an exceptionally secure income stream through at least CONSOLIDATED EDISON OF NEW YORK MOODY S: A2 S&P: A- Significant Capital Investment Con Edison has made significant investments in their facility throughout their tenure. More recently, the utility company spent over $6 million on a capital improvement program that included modernization of their electronic control center and supplemental building improvements. This recent major capital investment provides further evidence that the company intends to remain at the Property for the foreseeable future. Renewal Upside The Con Edison lease includes a 10-year renewal option beginning in 2027 at 95% of fair rental value. The current allocated NNN rent that Con Edison pays for the office portion of its space is $14.86 per square foot which equates to approximately $33 per rentable square foot on a gross basis. Current market rents are in the $48 per square foot range on a gross basis. Even with a significant rent increase, Con Edison will be challenged to find an alternative location that delivers the Property s functionality, centrality, and transportation access at a competitive price. FITCH: A- Purpose-Built The Property was custom built for Con Edison in 1971, and the utility company has remained in continuous occupancy for 45 years. This long-term occupancy, combined with the mission critical characteristics of the facility for Con Edison s operational needs, suggests a very high probability of renewal. 30 FLATBUSH AVENUE page 6
7 NNN Structure The absolute net structure of the Con Edison lease minimizes management effort and insulates investors against increases in real estate taxes and other operating costs. This ease of management and shielding of risk presents an ideal profile for investors seeking capital preservation in an appreciating market. Attractive Retail Sublease Structure The unique sublease structure of the Property s retail space allows ownership to collect substantial retail rents above the Con Edison retail net lease allocation. Significant value creation will be unlocked as below market retail leases expire ground floor retail asking rents at 1 Flatbush (across the street) are now in excess of $250 per square foot (NNN) vs. in-place rents of approximately $70 per square foot at the Property. Contractual Rent Increases Contractual increases stipulated in both the Con Edison lease and retail subleases provide surety of revenue growth and yield enhancement which flow directly to the bottom line due to the NNN structure. CAPITALIZATION The Property s projected year one net operating income is approximately $5.4MM, equating to a 6.0% going-in cap rate on the contract purchase price of $91.5MM and a projected 7.4% cash-on-cash return in the first year. The Sponsor is viewing the investment as a long-term opportunity, with each tenant at the Property subject to a significantly below-market lease. Including closing costs, the total capitalization is projected to be $97.6MM, and the Sponsor is raising $24.4MM of equity: The Sponsor plans to hold and manage the Property for 10 years until the ConEd lease nears maturity, at which point the Sponsor will re-lease the office space at market rents (or ConEd will renew). In year 12, the projected NOI, upon office releasing to market rents, jumps to $11.9MM, or a 12.2% yield on total costs. The Sponsor projects selling the Property after a ten-year hold at a 5.5% exit capitalization rate, resulting in a 23.0% IRR and a 6.0x multiple, pre-promote. Investment Summary page 7
PREMIER JACKSON SQUARE OFFICE BUILDING PACIFIC SAN FRANCISCO EXCLUSIVE ADVISOR INVESTMENT OPPORTUNITY
PREMIER JACKSON SQUARE OFFICE BUILDING SAN FRANCISCO EXCLUSIVE ADVISOR INVESTMENT OPPORTUNITY 2 EXECUTIVE SUMMARY LOCATED AT THE CONFLUENCE OF JACKSON SQUARE, NORTH BEACH, AND THE FINANCIAL DISTRICT. THE
More informationThe convergence of. into one urban campus 5offering shared spaces FOR A DYNAMIC, SOCIABLE ENVIRONMENT CREATIVE OFFICE BUILDINGS
The convergence of CREATIVE OFFICE BUILDINGS into one urban campus 5offering shared spaces FOR A DYNAMIC, SOCIABLE ENVIRONMENT IN THE HEART OF DOWNTOWN BOSTON. 2 THE OPPORTUNITY Holliday Fenoglio Fowler,
More informationCYPRESS STATION Houston, Texas
Table of Contents Investment Summary Financial Summary Investment Overview Aerial Photo Location Map Area Retail Map Presented By: MATT MOAKE, CCIM 713.275.6715 DIRECT mmoake@highstreetnetlease.com DAVID
More informationAchieved record annual revenues of $110.0 million for 2018, representing an increase of 5.8%
Clipper Realty Inc. Announces Fourth Quarter and Full-Year 2018 Results Reports Record Annual Revenues, Record Annual Income from Operations and Record Quarterly and Annual Adjusted Funds from Operations
More informationClipper Realty Inc. Announces Third Quarter 2018 Results Reports Record Revenues, Income From Operations and Adjusted Funds From Operations
Clipper Realty Inc. Announces Third Quarter 2018 Results Reports Record Revenues, Income From Operations and Adjusted Funds From Operations NEW YORK, November 1, 2018 /Business Wire/ -- Clipper Realty
More informationexecutive summary OFFERING SUMMARY 24 CHARTER STREET
executive summary Colliers International is pleased to offer for sale the Natola Portfolio a unique two-building value-add investment opportunity located in the heart of Boston, Massachusetts. 24 Charter
More informationSoaring Demand Drives US Industrial Market to New Heights
Soaring Demand Drives US Industrial Market to New Heights Capitas (DIFC) Limited I June Issue: 2017 THIS ISSUE COVERS: The Amazon Factor a seismic shift in the way people shop Industrial real estate hitting
More information$3.3 $1 BILLION FUND * YEARS EXPERIENCE WHAT IS NET LEASE? BILLION *
WHAT IS NET LEASE? ElmTree Funds is a national private equity real estate company that seeks opportunities in the commercial net lease real estate market. ElmTree was founded by a management team with
More informationWENDY'S GROUND LEASE 2110 Bloomingdale Avenue Valrico, Florida EXECUTIVE SUMMARY. Representative Photo
EXECUTIVE SUMMARY Representative Photo INVESTMENT HIGHLIGHTS Investment Highlights Brand New Absolute NNN Corporate Ground Lease This brand new 15-year corporate Wendy s ground lease is absolute NNN with
More informationCore Value Add Opportunistic
Equity Investment Styles Core Value Add Opportunistic Leverage up to 50% up to 65% 65% up to? Target Returns 8% - 12% 12% - 18% >18% Target above 20% Return Source Mostly income Some appreciation Mostly
More informationInvesco Real Estate Acquisitions
Acquisitions With the corporate office centrally located in Dallas, Texas and regional acquisitions offices in New York, San Francisco and Orange County, Invesco is able to effectively source acquisition
More informationEdison Loft Apartments: Raleigh, NC
Edison Loft Apartments: Raleigh, NC Ari Abramson: Vice President, Acquisitions Continental Realty Corporation Headquartered in Baltimore, MD Vertically-integrated owner/operator Dating back 58 years to
More informationAmerica s Parking REIT
* America s Parking REIT November 2017 1 *Name change assuming the closing of the merger between MVP REIT, Inc. and MVP REIT II, Inc. Disclaimers Cautionary Note on Forward-looking Statements This presentation
More informationGreat Elm Capital Group, Inc. An Introduction to the Fort Myers Transaction & GEC s Real Estate Strategy
Great Elm Capital Group, Inc. An Introduction to the Fort Myers Transaction & GEC s Real Estate Strategy March 6, 2018 2018 Great Elm Capital Group, Inc. Disclaimer Statements in this presentation that
More information1 Dorchester, MA Lawrence, MA Ware, MA 01082
Sample NNN Properties for sale from OnlyNNN.com - 800-841-5033. Contact OnlyNNN.com to review additional NNN Properties. Information below is computer generated. Please pardon the typos. 1 Dorchester,
More informationMultifamily Real Estate Investments
Multifamily Real Estate Investments BritLin Investments is a Los Angeles based private multifamily investment firm that co-owns and manages properties nationwide. As a property fund asset manager and manager
More informationCVS. 6 Unit Zero Cash Flow Portfolio. Representative Photo. Offering Memorandum 1
Mesquite, Texas Wyoming, Michigan 6 Unit Zero Cash Flow Portfolio Offering Memorandum 1 Representative Photo Exclusively Listed By BILL PEDERSEN National Drug Store Specialist bill.pedersen@matthews.com
More informationUnlocking the Upside Through Value-Add Capital Improvement Strategies
Unlocking the Upside Through Value-Add Capital Improvement Strategies GIVEN THE RISKS AND UNCERTAINTIES, PLEASE DO NOT PLACE UNDUE RELIANCE ON ANY FORWARD-LOOKING STATEMENTS. DISCLAIMER & RISK FACTORS
More informationWEST BEND SALE LEASEBACK OPPORTUNITY
WEST BEND SALE LEASEBACK OPPORTUNITY 3.65 ACRE PARCEL OF CONTIGUOUS VACANT LAND AVAILABLE OFFERING MEMORANDUM 3014-3020 E Progress Dr West Bend, WI 53095 West Bend Sale Leaseback Opportunity CONTENTS 01
More informationFor Sale: $4,950,000.
OFFERING SUMMARY COMPLETELY RENOVATED OFFICE BUILDING North Palm Beach, Florida For Sale: $4,950,000. 4 CONTIGUOUS STORIES OF APPROXIMATELY 23,200 RSF Ideal for entire building user or r investor Contemporary
More informationPREMIER CLASS A PORTFOLIO
CLASS A STABLILIZED OFFICE OPPORTUNITY EXECUTIVE SUMMARY PREMIER CLASS A PORTFOLIO 5 CAPITAL DRIVE, HARRISBURG, PA 245 GRANDVIEW AVENUE, CAMP HILL, PA CORPORATE CENTER 15, MECHANICSBURG, PA SZELES REAL
More informationFULLY LEASED PREMIER RENOVATION IN SAN FRANCISCO S MISSION DISTRICT CBRE CAPITAL MARKETS INVESTMENT PROPERTIES
I N V E S T M E N T O F F E R I N G S P R I N G, 2 0 1 8 FULLY LEASED PREMIER RENOVATION IN SAN FRANCISCO S MISSION DISTRICT CBRE CAPITAL MARKETS INVESTMENT PROPERTIES THE OFFERING CBRE, as exclusive advisor,
More informationTempe Arizona January 2019
Tempe Arizona January 2019 EXECUTIVE SUMMARY Newmark Knight Frank (NKF) is pleased to present the opportunity to acquire the leasehold interest in the Wells Fargo Building at Papago Park (the Property),
More informationjoin neighboring tenants
join neighboring tenants PROPERTY DESCRIPTION Location 437 Broadway, Los Angeles, CA 90013 Available Spaces Ground Floor: ±2,111 SF, $3.50/SF/Month, NNN (retail) Mezzanine: ±4,000 SF, $2.50/SF/Month, NNN
More informationTHE SUMMIT OFFERING MEMORANDA AT * SOUTHPOINT. Extraordinary Investment Opportunity! Jacksonville, Florida EXECUTIVE SUMMARY THE SUMMIT AT SOUTHPOINT
THE SUMMIT AT * SOUTHPOINT Extraordinary Investment Opportunity! OFFERING MEMORANDA Jacksonville, Florida Represented Exclusively by: 1 The Opportunity Project Name Asking Price Major Tenants Address Summit
More informationInvestor Presentation. First Quarter 2015
Investor Presentation First Quarter 2015 1 CAUTIONARY STATEMENTS Today s session and our answers to questions contain statements that constitute forward-looking statements about expected future events
More informationMIXED-USE INVESTMENT S. HATA BUILDING 308 KAMEHAMEHA AVENUE HILO, HAWAII SCOTT EDEN D C E:
MIXED-USE INVESTMENT S. HATA BUILDING 308 KAMEHAMEHA AVENUE HILO, HAWAII 96720 SCOTT EDEN D 808.441.0537 C 808.722.1168 E: seden@cbi-hawaii.com MIXED-USE INVESTMENT S. HATA BUILDING SENIOR SALES ADVISOR
More informationCASE STUDIES 3Q.2016 Value-Add Investments and Strategic Opportunities
CASE STUDIES 3Q.2016 Value-Add Investments and Strategic Opportunities 1 LEADERSHIP TEAM & OUTLOOK Equity Investments and Strategic Opportunities Adam Greenberg, CCIM 305.710.6741 AGreenberg@ngkf.com Michael
More informationTransit-Oriented Development Specialized Real Estate Services
COLLIERS INTERNATIONAL Transit-Oriented Development Specialized Real Estate Services Accelerating success. Colliers International transit-oriented development GROUP P. 1 2 transit-oriented development
More informationPortfolio Sale CATALINA PLAZA I & II W 3rd Street Los Angeles, CA TWO RETAIL CENTERS PRIME MID-WILSHIRE
Portfolio Sale TWO RETAIL CENTERS PRIME MID-WILSHIRE CATALINA PLAZA I & II 3658-3676 W 3rd Street Los Angeles, CA 90020 CHRISTIAN C. HOLLAND 310.966.4350 holland@westmac.com BRE#00942434 JEFFREY M. PICKETT
More information2299 West Obispo Avenue, Gilbert, AZ SINGLE TENANT TECH OFFICE INVESTMENT OPPORTUNITY
E X E C U T I V E S U M M A R Y 2299 West Obispo Avenue, Gilbert, AZ SINGLE TENANT TECH OFFICE INVESTMENT OPPORTUNITY 1 0 0 % N N N L E A S E D T O G O D A D D Y. C O M T H R O U G H 2 0 2 7 EXECUTIVE
More informationAnnouncing the Availability for Purchase of 45 Central Avenue, Newark, NJ 07102
Announcing the Availability for Purchase of 45 Central Avenue, Located In the Heart of Downtown Newark 45 Central Avenue is within 3 blocks of Broad Street Station, Washington Park Station, Washington
More informationLeasing activity remains strong through February; Downtown off to best start in years 10.0% 5.0%
Office March 2017 New York Monthly Market Update Leasing activity remains strong through February; Downtown off to best start in years Manhattan Class A Asking Rents Manhattan Class A Vacancy Rents $100.00
More informationLAPACO PAPER PRODUCTS LTD.
LAPACO PAPER PRODUCTS LTD. 5200 J.A. Bombardier Street Longueuil, Quebec TABLE OF CONTENTS Section Photographs & Location Maps 1 Project Summary 2 The Location 3 Lapaco Paper Products Ltd. 4 Investment
More informationRITE AID RELOCATION STORE MCFARLAND, CALIFORNIA (BAKERSFIELD MSA)
RITE AID RELOCATION STORE MCFARLAND, CALIFORNIA (BAKERSFIELD MSA) OFFERING MEMORANDUM $4,662,800 5.00% CAP RATE» New 20-Year NNN Lease with Corporate Guarantee» Guaranteed by Rite Aid Corporation» Fixed
More informationRetail Opportunity Investments Corp. Reports Strong First Quarter Results & Raises FFO Guidance
April 27, 2016 Retail Opportunity Investments Corp. Reports Strong First Quarter Results & Raises FFO Guidance $17.4% increase in FFO Per Diluted Share 7.6% Increase in Same-Center Cash Net Operating Income
More informationStrong Marketwide Leasing Activity Points To A Strong Finish for Tri-Cities
OFFICE TRI-CITIES MARKET REPORT Strong Marketwide Leasing Activity Points To A Strong Finish for Tri-Cities MARKET OVERVIEW MARKET INDICATORS - VACANCY 14.9% NET ABSORPTION 254,6 CONSTRUCTION 113,8 RENTAL
More informationINVESTOR PRESENTATION MAY 2013
INVESTOR PRESENTATION MAY 2013 Forward-Looking Statements This presentation includes forward-looking statements. These statements are subject to a number of risks, uncertainties and other factors that
More informationReal estate development significant growth driver Company profile and business model High-quality Investment Portfolio
STRATEGY Over three decades of continual development, CA Immo has become distinctly competitive and secured an excellent market position in Central Europe. By letting, managing and developing high quality
More information>> Rents Rise To Highest Point Ever
Research & Forecast Report SAN FERNANDO VALLEY & VENTURA COUNTY INDUSTRIAL Accelerating success. >> Rents Rise To Highest Point Ever Key Takeaways > Asking rental rates rose $.2 P NNN to $.69 P NNN. Rents
More informationCarter Validus Mission Critical REIT, Inc. Reports Second Quarter 2016 Results
Carter Validus Mission Critical REIT, Inc. Reports Second Quarter 2016 Results TAMPA, FL (September 1, 2016) - Carter Validus Mission Critical REIT, Inc. (the Company ) announced today its operating results
More informationCHASE BANK. Offering Memorandum Panama Ln Bakersfield, CA P R E S E N T E D B Y
Offering Memorandum P R E S E N T E D B Y Bobby Rich Vice President Investments Associate Director - National Retail Group Sacramento Office Tel: (916) 724-1441 Fax: (916) 724-1410 bobby.rich@marcusmillichap.com
More informationCBRE Houston ViewPoint
CBRE Houston ViewPoint DOWNTOWN HOUSTON: THE NEW GATEWAY MARKET? by Sara R. Rutledge Director, Research and Analysis INTRODUCTION Investor interest from both domestic and foreign sources has revived in
More informationValue Fluctuations in a Real Estate Investment Financed with Debt
Working Draft of New Case Study 4A Value Fluctuations in a Real Estate Investment Financed with Debt (which will be added to AICPA Accounting and Valuation Guide Valuation of Portfolio Company Investments
More information6342 Pacific Blvd: FOR SALE 6342 Pacific Blvd Huntington Park, CA 90255
6342 Pacific Blvd: FOR SALE Approximately 15,600 SF building; Located on the Famous "Pacific Blvd" In Huntington Park. Pacific Blvd is a major thoroughfare with excellent foot and car traffic counts!!!
More information151 TECHNOLOGY CENTER
151 TECHNOLOGY CENTER SAN ANTONIO, TEXAS INVESTMENT SUMMARY THE OFFERING As exclusive advisor to Owner, HFF is pleased to present the opportunity to purchase 151 Technology Center (the Property ), a recently
More informationSixth + Westlake Westlake Avenue. Free Standing Single Tenant. WESTLAKE ave. Colliers International 601 Union Street, Suite 5300
6th street 1953 Avenue Seattle, WA 98101 Free Standing Single Tenant NNN Ground Lease WESTLAKE ave NEW AMAZON Paul Sleeth Executive Vice President +1 206 223 1266 paul.sleeth@colliers.com Billy Sleeth
More informationGFI REALTY services EXCLUSIVE OFFERING
GFI REALTY services EXCLUSIVE OFFERING sunset park warehouse great redevelopment opportunity 0,000 sf of air rights available 40 nd Avenue Brooklyn, NY Askng Price: $0,500,000 40 nd Avenue brooklyn, NY
More informationCenter for Creative Land Recycling. Education Series: Financing Municipal Redevelopment
Center for Creative Land Recycling Education Series: Financing Municipal Redevelopment 1 The Value of Time in Risk Management Affects of Risk on the Cost of Capital; The Capital Stack: Equity, Mezzanine,
More informationRedevelopment Opportunity Former Kmart with Income
SALE PRICE: $1,195,000 ($29.64/SF) Building Size: +/- 40,327 SF Property Size: 4.15 Acres Store Closing 04-08-2018 Lease Type: Absolute NNN Lease Term: 4 Years Cap Rate: 10.50% NOI: $125,500 Features:
More informationTHE LEGAL AND FINANCIAL FRAMEWORK OF AN EFFICIENT PRIVATE RENTAL SECTOR: THE GERMAN EXPERIENCE
THE LEGAL AND FINANCIAL FRAMEWORK OF AN EFFICIENT PRIVATE RENTAL SECTOR: THE GERMAN EXPERIENCE Presenter: Prof.Dr.rer.pol. Stefan Kofner, MCIH Budapest, MRI Silver Jubilee 3. November 2014 MRI Silver Jubilee
More informationActual Property EXCLUSIVE OFFERING: 2345 S Pulaski Road, Chicago, IL
Actual Property EXCLUSIVE OFFERING: 2345 S Pulaski Road, Chicago, IL Table of Contents I. Executive Summary 3 II. Tenant Overview 4 III. Market Overview 5 IV. Surrounding Aerial 7 V. Chicago Aerial 8 VI.
More informationMUSEUM PARC INVESTMENT OFFERING FALL THIRD STREET SAN FRANCISCO, CALIFORNIA
INVESTMENT OFFERING FALL 2018 MUSEUM PARC 330 THIRD STREET SAN FRANCISCO, CALIFORNIA FULLY LEASED OFFICE & RETAIL INVESTMENT OPPORTUNITY IN DOWNTOWN SAN FRANCISCO CBRE Capital Markets Investment Properties
More informationOne Enterprise Center
One Enterprise Center Jacksonville, Northbank CBD, FL St Johns River Prepared by For Sale John F. Bell Managing Director D: 305.808.7820 M: 305.798.7438 John.Bell@transwestern.com Northbank CBD SHARED
More informationCenter Point Business Park
Center Point Business Park 1331 East US Highway 80 Mesquite, Texas 75150 A 72,433 RSF Light Industrial Service Center / Office Jones Lang LaSalle has been exclusively retained to market for sale the Center
More informationBANK OF AMERICA PLAZA
BANK OF AMERICA PLAZA LITTLE ROCK, ARKANSAS High-Rise Office Tower Exceptional Repositioning or Redevelopment Opportunity Little Rock Central Business District EXECUTIVE SUMMARY THE OFFERING CBRE, as exclusive
More information>> Vacancy Falls To Lowest Rate Ever
Research & Forecast Report San Gabriel VALLEY INDUSTRIAL Accelerating success. >> Vacancy Falls To Lowest Rate Ever Key Takeaways Market Indicators Relative to prior period Forecast Construction Rental
More informationNNN LEASED INVESTMENT - COLUMBIA SC
NNN LEASED INVESTMENT - COLUMBIA SC ABSOLUTE NNN/ SPECIAL PURPOSE PROPERTY FOR SALE Exclusively Presented By SHERRI C. BURRISS 803.900.8017 sburriss@roicommercialsc.com ROI COMMERCIAL, LLC 1300 Sumter
More informationBoston Properties Pete Otteni Senior Vice President Development
Boston Properties Pete Otteni Senior Vice President Development WBC Regional Developer Panel November 29, 2018 Who We Are: Quick Facts Preeminent Developer and Owner of Class A Office Properties in the
More informationSTREET RETAIL HIGH TRAFFIC THE PLAZA AT WEST END. Presented by: SERYUS PROPERTY GROUP
1 THE PLAZA AT WEST END Presented by: 832-852 Ralph David Abernathy Blvd 640 Evans St, 841 York Ave Atlanta, GA 30310 HISTORIC PLAZA Seryus Property Group is pleased to present THE PLAZA WEST END at Historic
More informationBAYLOR SURGICARE ANCHORED MEDICAL OFFICE IN THE BOOMING DALLAS MARKET BUILT IN % LEASED
COIT DALLAS, TEXAS BAYLOR SURGICARE ANCHORED MEDICAL OFFICE IN THE BOOMING DALLAS MARKET BUILT IN 2009 100% LEASED Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp a Texas licensed
More informationMarket rent. The rationale and out approach. James Gibson Sovereign Housing
Market rent The rationale and out approach James Gibson Sovereign Housing Growth in demand Post credit crunch PRS thriving 2006-2013 PRS households rose from 3.4 to 4.8 million Projected growth of 1.03
More informationChapter 1 Economics of Net Leases and Sale-Leasebacks
Chapter 1 Economics of Net Leases and Sale-Leasebacks 1:1 What Is a Net Lease? 1:2 Types of Net Leases 1:2.1 Bond Lease 1:2.2 Absolute Net Lease 1:2.3 Triple Net Lease 1:2.4 Double Net Lease 1:2.5 The
More information0,...0 Los Angeles W orld Airports
Date 0,...0 Los Angeles W orld Airports Report to the BOARD OF AIRPORT COMMISSIONERS Meeting Date: owers, Deputy Executive Director May 21, 2013 Reviewed by: Stev CAO Review: Completed Pending. N/A City
More informationMETROPOLITAN TRACT PERFORMANCE REPORT For the Quarter Ended December 31, 2006
F-11 METROPOLITAN TRACT PERFORMANCE REPORT For the Quarter Ended December 31, 2006 Finance, Audit & Facilities Committee March 22, 2006 CONSOLIDATED METROPOLITAN TRACT PROPERTIES Quarterly Summary Quarterly
More informationCLASS A OFFICE TREMENDOUS UPSIDE POTENTIAL EXCEPTIONAL FREEPORT LOCATION INVESTMENT TEASER
CLASS A OFFICE TREMENDOUS UPSIDE POTENTIAL EXCEPTIONAL FREEPORT LOCATION INVESTMENT TEASER 1 INVESTMENT HIGHLIGHTS Colliers International is pleased to exclusively offer to qualified investors the opportunity
More informationMonthly Market Update
Monthly Market Update December 2015 New York City Office Outlook June 2016 M A N H A T T A N Class A Asking Rents M A N H A T T A N Class A Vacancy Rates $100.00 May-14 May-15 May-16 20.0% May-14 May-15
More informationFORCON INTERNATIONAL ALBERT M. SRAMEK EDUCATION. TEMPLE UNIVERSITY, Philadelphia, PA MBA; Management and Economics
ALBERT M. SRAMEK FORCON EDUCATION TEMPLE UNIVERSITY, Philadelphia, PA MBA; Management and Economics JOHNS HOPKINS UNIVERSITY, Baltimore, MD BES; Engineering Sciences SUMMARY Successful professional with
More informationBridge Financing & Valuation Trends Amid a Changing CRE Landscape ARBOR.COM 800.ARBOR.10
Bridge Financing & Valuation Trends Amid a Changing CRE Landscape ARBOR.COM 800.ARBOR.10 Today s Speakers Gianni Ottaviano Senior Vice President, Structured Finance Production, Arbor Realty Trust, Inc.
More informationMCDONALD S CORPORATE GROUND LEASE Gladewater, Texas
SUBJECT PROPERTY ACTUAL LOCATION ACTUAL PROPERTY Table of Contents Investment Summary Investment Overview Lease Abstract Aerial Photo Location Map Competition Maps Presented By: MATT MOAKE, CCIM 713.275.6715
More informationHOTEL WILMINGTON, DELAWARE OFFERING SUMMARY
HOTEL WILMINGTON, DELAWARE OFFERING SUMMARY THE OFFERING Holliday Fenoglio Fowler, L.P. ( HFF ) is pleased to offer, on an exclusive basis, the fee simple interest in the 244-room DoubleTree by Hilton
More informationFORMER SITUS FOUNDERS FORM NEW COMMERCIAL REAL ESTATE INVESTMENT FIRM
FOR IMMEDIATE RELEASE FOR MORE INFORMATION: Bernard Kaplan Kaplan Public Relations (713) 784-1077 FORMER SITUS FOUNDERS FORM NEW COMMERCIAL REAL ESTATE INVESTMENT FIRM HOUSTON, TX (July 8, 2013) Martin
More informationSERIES NOTE LISTING Cash Flowing 3- Asset Northern NJ Office Portfolio
Information Regarding the Project Payment Dependent Note 1. Note Series Number 000057 2. Total Amount Offered $6,000,000 3. Minimum Investment Amount 4. Interest Rate $5,000 16.0% per annum, cumulative,
More informationDefinitions. CPI is a lease in which base rent is adjusted based on changes in a consumer price index.
Annualized Rental Income is rental revenue under our leases on Operating Properties on a straight-line basis, which includes the effect of rent escalations and any tenant concessions, such as free rent,
More informationOcean Ave, Brooklyn, NY Madison Residential Building. Asking Price: $23,500,000 Asking Price: $12,750,000.
2151-2155 Ocean Ave, Brooklyn, NY 11229 Madison Residential Building Asking Price: $23,500,000 Asking Price: $12,750,000 Exclusive Listing By Shay Zach Senior Associate Broker shay@epic-cr.com (646) 278-4621
More informationPROPERTY management. Case Studies
PROPERTY management Case Studies SIERRA REAL ESTATE CASE STUDIES REINVIGORATING 648 BROADWAY Property 648 Broadway Commercial building 50,000 SF 10 floors Owner-managed for over 25 years Sierra Real Estate
More information7401 PACIFIC BLVD. HUNTINGTON PARK, CA 90255
OFFERING MEMORANDUM $1,295,000 7401 PACIFIC BLVD. HUNTINGTON PARK, CA 90255 90% FINANCING AVAILABLE STRIP CENTER - MTM TENANCY 1 This Memorandum ( Offering Memorandum ) has been prepared by Brookfield
More informationNET LEASE INVESTMENT OFFERING CVS PHARMACY
CVS PHARMACY 1200 Gallatin Pike S Madison, TN 37115 (Nashville MSA) TABLE OF CONTENTS TABLE OF CONTENTS I. Executive Profile Executive Summary Investment Highlights Property Overview II. Location Overview
More informationGAAP UPDATE DEANA BOWDEN, CPA, MSA WHITE NELSON DIEHL EVANS LLP
GAAP UPDATE DEANA BOWDEN, CPA, MSA WHITE NELSON DIEHL EVANS LLP TOPICS 2016-02 Topic 842 Leases 2016-14 Topic 958 Not for Profits 2016-18 Topic 230 Cash Flows LEASES Current US Generally Accepted Accounting
More informationEAST 3 RD STREET NEW YORK, NY 10009
179-181 EAST 3 RD STREET NEW YORK, NY 10009 6-Story, 35 Unit, Mixed-Use Building In Heart of East Village FOR SALE PROPERTY FEATURES LOCATION: On the north side of East 3rd Street between Avenue A and
More informationGovernment Properties Income Trust Acquisition of First Potomac Realty Trust June 2017
First Potomac Realty Trust property 11 Dupont Street NW, Washington, DC Square Feet: 150,805 Government Properties Income Trust Acquisition of First Potomac Realty Trust June 2017 Disclaimer. THIS PRESENTATION
More informationSingle. Tenant ABSOLUTE OPPORTUNITY NNN INVESTMENT. Huntington Park, CA ACTUAL SITE
Single Tenant ABSOLUTE NNN INVESTMENT OPPORTUNITY Huntington Park, CA TABLE OF CONTENTS 2 CONTENTS INVESTMENT SUMMARY... 3 HIGHLIGHTS... 4 PROPERTY DESCRIPTION... 5 AERIAL VIEW & SITE PLAN... 6 AREA OVERVIEW...
More informationCOAL LANDING OFFICE PARK
COAL LANDING PARK 20 PGA DRIVE STAFFORD, VA 22554 10,000 Sq. Ft. Office Building 81% Leased Strong Tenants Heather Hagerman 540.429.2429 hhagerman@coldwellbankerelite.com Ben Keddie, CCIM 540.786.1402
More informationCity-Wide Real Estate Transformation
City-Wide Real Estate Transformation Presentation on Portfolio & Asset Management Toronto Realty Agency Board Meeting October 20, 2017 Re: RA5.3 What is Portfolio Strategy & Asset Management Portfolio
More informationA LETTER FROM THE CEO
A LETTER FROM THE CEO Kushner Companies is a diversified real estate organization headquartered in New York City. Our company is responsible for the ownership, management, development and redevelopment
More informationKEY PROPERTY STATISTICS
Executive Holliday Fenoglio Fowler, L.P. ( HFF ) has been retained on an exclusive basis to arrange the sale KEY PROPERTY STATISTICS of a 100% fee simple interest in the global headquarters of the retail
More informationANNUAL GENERAL MEETING. May 29, 2018
ANNUAL GENERAL MEETING May 29, 2018 NON-GAAP MEASURES RioCan s consolidated financial statements are prepared in accordance with IFRS. Consistent with RioCan s management framework, management uses certain
More informationGlendale, California - PS Business Parks, Inc. (AMEX: PSB), reported operating results for the fourth quarter and the year ending December 31, 2001.
News Release PS Business Parks, Inc. 701 Western Avenue P.O. Box 25050 Glendale, CA 91221-5050 www.psbusinessparks.com For Release: Immediately Date: January 30, 2002 Contact: Mr. Jack Corrigan (818) 244-8080,
More informationNORTHSTAR RETAIL GROUP OFFERING MEMORANDUM LAKEVILLE, MINNESOTA. Presented By NORTHSTAR
NORTHSTAR RETAIL GROUP OFFERING MEMORANDUM LAKEVILLE, MINNESOTA Presented By NORTHSTAR of INVESTMENT SUMMARY PRICE $4,831,000 6.25% CAP Rate ADDRESS 17420 Dodd Boulevard Lakeville, MN 55044 APN 22-18620-01-010
More informationDouja Promotion Groupe Addoha. An African leader of Real Estate Development
Douja Promotion Groupe Addoha An African leader of Real Estate Development Summary I II III IV V Addoha Group: Strong fundamentals & a clear focus Development in Morocco Development in Africa Key highlights
More informationExecutive of the Month: Mavros, CFO of Case Real Estate Capital; Knows the numbers and deals inside and out
Executive of the Month: Mavros, CFO of Case Real Estate Capital; Knows the numbers and deals inside and out December 05, 2017 - Owners Developers & Managers Chris Mavros, Case Real Estate Capital Rochelle
More information>> 2016 Off to A Good Start for Tri-Cities
Research & Forecast Report TRI-CITIES OFFICE Q1 216 Accelerating success. >> 216 Off to A Good Start for Tri-Cities Key Takeaways > The Tri-Cities office market saw vacancy decline for the seventh consecutive
More informationAN OFFICE INVESTMENT OFFERING IN BEVERLY HILLS, CALIFORNIA
AN OFFICE INVESTMENT OFFERING IN BEVERLY HILLS, CALIFORNIA 2017 Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, HFF ), HFF Securities L.P. and HFF Securities Limited (collectively,
More informationLANDMARK MEDICAL OFFICE PORTFOLIO
HUDSON, NEW YORK CORNWALL, NEW YORK BURIEN, WASHINGTON COLUMBIA MEDICAL OFFICE BUILDING Hudson, New York CORNWALL MEDICAL OFFICE BUILDING Cornwall, New York HIGHLINE MEDICAL PAVILION Burien, Washington
More informationA Discussion of Commercial Real Estate Career Paths
A Discussion of Commercial Real Estate Career Paths Paul Boneham Executive Vice President/Principal October 2016 What s So Unique About Real Estate? No Two Properties are the Same Inefficient Markets 1
More informationNET LEASE INVESTMENT OFFERING. CVS 3501 N US Hwy 441, Ocala, FL 34475
CVS 3501 N US Hwy 441, Ocala, FL 34475 TABLE OF CONTENTS TABLE OF CONTENTS I. Executive Profile Executive Summary Investment Highlights Property Overview II. Location Overview Photographs Aerial Site Plan
More informationVacancy Net Absorption Construction Rental Rate. Vacancy Rate 1.7% Change from Q3 17 (Basis Points) -20 BPS. Construction Completions
Forecast Vacancy Net Absorption Construction Rental Rate Vacancy Rate 1.7% Change from Q3 17 (Basis Points) -2 BPS Net Absorption 394,4 Construction Completions 191,7 Average Asking Rent Change from Q3
More informationA 22-Story, Class A Office Building Located In The Central Business District Of Downtown Tampa, Florida
A 22-Story, Class A Office Building Located In The Central Business District Of Downtown Tampa, Florida A 387,477 SF, Class A Office Building Located In The Central Business District Of Downtown Tampa,
More informationEvergreen PlazA CONTACT FOR SALE ODDIE BOULEVARD EL RANCHO DRIVE. Aiman Noursoultanova, CCIM Senior Vice President P
FOR SALE Evergreen PlazA 2300-2360 ODDIE BOULEVARD SPARKS, NEVADA 89431 ODDIE BOULEVARD EL RANCHO DRIVE CONTACT Aiman Noursoultanova, CCIM Senior Vice President P 775-823-6983 EXECUTIVE SUMMARY CBRE, Inc.,
More informationSummary Report on Lease Renewal The University of Maine Museum of Art April 17, Introduction:
75 Market Street, Suite 305 Portland, ME 04101 www.cfaw.com/portland T/ 207-772-4496 F/ 855-682-3967 Summary Report on Lease Renewal The University of Maine Museum of Art April 17, 2014 Introduction: The
More information