What I'm Buying:
Within 20 miles of ZIP 32605
Zoning must allow:Home servicesHealth servicesProfessional service businesses
SIZE:
Min: 3,000 sq ft (Retail)
Max 12,000 sq ft (Warehouse)
TYPE:
Concrete block or steel
CONDITION
Moderate to heavy value add
SUBDIVISION
Allows for 500-2000 sq ft unit layouts
PRICE: $500,000 - $1,000,000
CAP RATE: 9% Going-in | 7-8% After stabilization
Vacant
NNN Preferred
Full service if utilities are shared
Hard Stops | Deal Killers
Properties outside 20 mile radius
Cap rate below 8.5% with no value-add pathway
Major structural issues or full redevelopment projects
No access to city water or sewer
Zoning restrictions on target tenant uses
Long-term under market leases with no near-term upside
What I'm Buying:
Within 20 miles of ZIP 32605
Zoning must allow:
Home services businesses
Health services businesses
Professional service businesses
SIZE:
Min: 3,000 sq ft (Retail)
Max 12,000 sq ft (Warehouse)
TYPE:
Concrete block or steel
CONDITION
Moderate to heavy value add
SUBDIVISION
Allows for 500-2000 sq ft unit layouts
PRICE: $500,000 - $1,000,000
CAP RATE: 9% Going-in | 7-8% After stabilization
Vacant
NNN Preferred
Full service if utilities are shared
Hard Stops | Deal Killers
Properties outside 20 mile radius
Cap rate below 8.5% with no value-add pathway
Major structural issues or full redevelopment projects
No access to city water or sewer
Zoning restrictions on target tenant uses
Long-term under market leases with no near-term upside