Case Studies
Leasing
San Juan Capistrano, CA
Facilitated a 20 year – NNN lease for owner (JH Real Estate Partners) with 24 HR Fitness as part of their Tirador Development of 132 SFR’s.
Entitlements
San Juan Capistrano, CA
Provided consulting services to owner (JH Real Estate Partners) on building code changes and entitlements for 132 Town Homes and Single-Family Residences known as the Tirador Project bordering the 5 Freeway in San Juan Capistrano, CA that is adjacent to the 24 HR. Fitness Development on behalf of JH Real Estate Partners.
Senior Living
Laguna Niguel, CA
Crestivilla Senior Living in Laguna Niguel – facilitated the sale and joint venture that developed this 5 Star facility. Developed by Steadfast Companies.
Self-Storage
The company focused its efforts to the climate-controlled self-storage industry in November 2020.
Delanco, NJ
Acquired November 2020
Sourced and then acquired an existing 71,200 sq. ft., two story building, on 7.76-acres in November 2020 with a high net worth individual. The building has been completely converted into a climate-controlled storage facility yielding 74,157 net rentable sq. ft with an adjoining RV & boat storage component consisting of 185 stalls. The facility opened in November of 2021 and is currently in lease up. Stabilization is expected in the second half of 2024. The facility is managed by Life Storage.
Sacramento, CA
Acquired May 2021 - Exited May 2022
Sourced the acquisition of this off-market 102,335 sq. ft. building in lease up that had been converted to a climate-controlled storage facility by a third-party developer in May of 2021 with an institutional partner. Upon acquisition, management of the property was changed to Public Storage which was able to rapidly increase the rents and occupancy allowing for the subsequent sale of the facility to SmartStop Storage for a substantial profit, just one year after its acquisition.
Vista, CA
Acquired June 2021
Sourced and then acquired this 4+/- acre site in Vista, CA in June of 2021 with an institutional partner. Obtained site plan approvals and commenced construction first quarter 2023 on this 177,018 sq ft. 3-story state of the art facility that yields 129,042 net rentable sq. ft. in addition to 36 standard parking stalls and 45 RV/Boat stalls. The property is being managed by StorQuest.
Las Vegas, NV
Acquired September 2021
Sourced, entitled, and subsequently acquired 2.56 acres in September 2021 with a high net worth individual. Construction documents have all been approved that will allow for a 3-story structure totaling approximately 124,835 sq ft. of climate-controlled storage. Grading commenced in March of 2023 with completion targeted for mid-2024. The facility will be managed by Life Storage
Oakland, CA
Acquired September 2022
Sourced and acquired this infill site with an approved site plan in September of 2022 with an institutional investor. The site is slightly less than an acre but yielded a 5-story structure of just under 130,000 sq. ft. yielding 97,500 of net rentable sq. ft. Construction documents are being processed with construction anticipated to begin in 3rd Quarter 2023. The facility is being managed by StoreQuest.
Tucson, AZ
Acquired September 2022
Sourced and acquired this 2.87-acre site in Tucson, AZ in September 2022 for our own account. A preliminary site plan application was submitted yielding approximately 125,000 GSF of available storage. To maximize land and costs, the footprint was reduced to 93,600 with Preliminary plans calling for one three-story climate-controlled structure and six one-story drive-up facilities. Pre-development is in the process hoping to break ground in 1st quarter 2024. Management has not been selected.
Portland, OR
Acquired February 2023
Sourced and acquired this 2.3-acre site along with an existing 70,000 industrial sq. ft. building in Portland, OR with an institutional partner. After addressing the environmental work, plans are underway to demolish the existing facility and reconstruct a new state of the art, 4-story 171,000 sq ft climate-controlled storage facility yielding 134,000 NRSF. Construction drawings are in process and expect demo to begin in the 3rd Quarter 2023. The management has not yet been selected.