Acquisition Criteria

Property Type Single-tenant and multi-tenant industrial and office properties
Building Use Warehouse / Distribution / Light Manufacturing / R&D / Flex / Office 
Transaction Size Up to $35 million
Building Vintage Generally 1990 and newer
Building Size Up to 250,000 square feet
Markets Major port, distribution, and infill markets with primary focus in California
Capital Structure All-cash or debt and equity with a low loan-to-value (less than 30%)
Lease Term Long-term leases or short-term leases, with upside potential from below market rents
Capitalization Rate Dependent on existing lease rate(s) to market, condition of the property, location, and other economic factors
Sale/Leasebacks Extensive experience in sale/leaseback transactions