Sean Katona

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Principal Buyer

Managing Partner

Simplified Properties

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Owner/Investor

Is Looking For

Underperforming buildings with deferred maintenance / vacancy

Acquisition Criteria

Description:

Value-add component: typically 20-40% vacancy / discount based on condition
Price: $1,000,000 – $6,000,000 – sweet spot is $3-5M
Size: 10,000-60,000 sq/ft. Multi-tenant
Location: Within 1 hour of PHX
Prefer rough(er) buildings in good neighborhoods
Prefer at least one existing name brand tenant (franchises or regional is ok)
Prefer traffic counts over 15k Cars Per Day
Prefer 1970+ single story
Prefer strong employment
Prefer median household income over $50k

Listing Types:

Retail

Price Range :

$1,000,000 to $8,000,000

Locations:

Arizona, USA Phoenix, AZ, USA Tucson, AZ, USA

Last Updated: 08/12/2019

Created: 2019-08-09T14:25:14Z

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