CRE Investment/AM Analyst in Toronto | 23 |Saving 90%+ to invest in Value Add U.S. Real Estate| Data driven analysis | Here to learn
Dec 14 • 8 tweets • 4 min read
As promised @CaseyMericle , here is my day 6 Deal Analysis of doing a deal every day until I land a new job in Real Estate.
Today I break down this deal, stress test scenarios, and explain the RE option strategy Casey references. This is how you turn a -1.4% deal into a 52% deal 🧵
Snapshot:
Vacant 6,912 SF freestanding retail box in North Phoenix, built 2017. Priced like it is already leased, not like a vacant asset that still has to earn its way to stabilization.
Basically, they can't lease it up because they don't want to spend money on leasing costs (free rent, leasing commissions, Tenant Fit Out etc)
(Had to use Casey's images because no longer on market)
Nov 27 • 10 tweets • 5 min read
Where I see the most value in Commercial Real Estate: Top Industrial markets with overblown vacancy risk with Value Add upside. Let's look at a deal to see why. This will be the most comprehensive analysis you see today🧵
Let's look at Camp Creek in Atlanta Georgia.
Here are the quick facts:
- New, Class A, 220k SF, leased to a top healthcare tenant
- Value add = 70k sf bay of vacancy, and an unutilized IOS Site(@rohde88 😉)
- The current tenant is a credit worthy healthcare tenant with 10 year lease increasing 3.5% a year
