Displaying items by tag: american tire
A repeat client, who has spent several years in the commercial investment space, came to CCIM-designated buyer representative, Lowrey Burnett, when the investor was ready to expand his commercial real estate portfolio. He had specific investment return criteria and was prepared to scour the country for the right, positive cash flow commercial property.
This search for an investment property came with unique criteria to ensure the new asset would align with the investor’s overall investment strategy. The buyer wanted a well-located, fully-leased, single-tenant asset that would support definitive investment yield requirements. There were high expectations for this investment property and Burnett was up for the challenge.
He identified several best-in-class investment options in various states and the client selected an ideal property in Florida. Burnett tackled the due diligence, negotiation and closing process head on.
One of the many suitable options Burnett proposed to the client as a buyer's representative was an industrial distribution warehouse in a highly sought-after submarket that not only met the buyer’s investment yield requirement but also had a long-term, national-credit, single-tenant lease in place. The location provided tremendous access to the Interstate system which will always be desirable for companies and tenants that value a logistical competitive advantage. The next step was to ensure that the buyer’s purchase offer was the most attractive in a highly-competitive market.
Our client successfully closed on the investment acquisition of the 60,650 square foot industrial property that is 100% leased to the largest tire distributor in the United States. This industrial property met and, in some cases, exceeded the client’s expectations and continues to perform as a strong cash flow investment.
Burnett, a Certified Commercial Investment Member (CCIM), acted as the buyer representative for the investment acquisition of a Pensacola, Florida industrial distribution warehouse that was 100% leased to a national-credit tenant.
If you want to expand your commercial real estate investment portfolio and are looking for a trusted, experienced buyer's representative to lead the search for and acquire a high-performing asset in Colorado or anywhere in the United States, contact the buyer representative at Fountainhead Commercial today.