Industrial Business Park Acquisition
Acquisition: $7.5M in July 2016
Disposition: $14.6M in June 2021
60-month Hold Period

Arcadia Corporate Park Phoenix

40.3% Annual Investor Return

BUSINESS PLAN

Converted flex office units to low-finish warehouse, aesthetic upgrades included new exterior painting, parking lots repairs, new landscaping, and new pylon/monument signage, rebranded park as 1Forty3 Business Park; upgraded MEPs, and converted some units to full HVAC. Converted warehouse leases from gross to triple net to shield landlord from increased property taxes and operating expenses.

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Hampden Industrial Park Denver 44.1% Annual Investor Return