Case Studies
Leasing
In 2013, represented the owner (JH Real Estate Partners) in acquiring a 20 year – NNN lease for this 38,000-health club facility with 24 HR Fitness as part of their Tirador Development located in San Juan Capistrano, CA.
Consulting
In 2016, Provided consulting services for the owner (JH Real Estate Partners) on the entitlements and building code changes on their Tirador Development in San Juan Capistrano. Owner was able to achieve third story building code changes to maxiimze the building of the 132 townhome and single family residence project that has now recently been completed by Landsea Homes.
Joint Ventures
In 2015, facilitated the sale and subseqeunt joint venture of the development of the Crestivilla Senior Living facility in Laguna Niguel, CA - A $106 million, 5-Star facility in Laguna Niguel between Flintridge Partners and Steadfast Companies.
Brokerage
In 2017, delivered this 95,000 sq/ft Class “A” office building located at 1311 Calle Batido, San Clemente, CA to a client to complete a 1031 Exchange in an off-market transaction.
Specialty Financing
In the 4th quarter of 2022, provided a $7,768,845 PACE loan through Nuveen to Clear Sky Capital. This 3-story, 85,852 NRSF climate-controlled facility consisting of 914 units is located at 1338 E. Main St, El Cajon CA. It has a tentative opening scheduled in 1st quarter 2025. Extra Space has been selected as the management company.
Self-Storage Conversion
In November of 2020, this existing 71,200 sq ft industrial building on 7.76 acres in Delanco Township, Burlington County, New Jersey with Metropolis Delanco LLC. The property was converted to a climate-controlled facility with 81,000 NRSF consisting of 898 units and an additional 120 outdoor storage spaces for a total of 138,600 NRSF and 1,018 units. The facility opened for business in November of 2021 and is currently being managed by Extra Space (after their acquisition of Life Storage).
Self-Storage Conversion
In May of 2021, sourced and acquired this 78,759 net retable sq ft climate-controlled storage conversion project with anciallay boat & RV storage in Sacramento, CA with Clear Sky Capital. Property Management was changed to Public Storage which proceeded to substaingally increase occupancy and NOI that allowed for a quick sale in only a year at a substantial profit in May of 2022.
Self-Storage Development
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
Self-Storage Development
In June of 2020, acquired this 4+/- acre site in Vista, CA with Clear Sky Capital. Upon obtaining entitlements in September of 2021 to maximize the site, construction commenced on this 177,018 sq ft. 3-story, climate controlled self-storage facility with RV/Boat Storage in 3rd quarter 2022. The facility opened for business in August of 2024 and is currently being managed by StorQuest.
Self-Storage Development
In September 2022, purchased this site at 1232 High Street in Oakland, CA with Clear Sky Capital. This 5-story, 130,000 sq ft facility yields 84,862 net rentable sq ft consisting of 1,091 climate-controlled units. Construction commenced in 3rd quarter 2023 and is expected to be completed in 3rd quarter 2025. Stor Quest has been selected to manage the property.
Self-Storage Development
In January of 2023, acquired this existing 75,000 sq ft industrial building located at 2700 SE Tacoma St in Portland, OR with Clear Sky Capital. After completing the entitlement process and environmental remediation that took several years, construction commenced in August of 2024. Completion is anticipated to be in 4th quarter of 2025. This 4-story, climate-controlled facility will provide 1,406 units yielding 129,080 net rentable sq/ft. Stor Quest has been selected to manage the property.
Acquisition / Disposition
In September of 2022, we acquired this 2.87 acre site located at 6775 S. Tucson Blvd., Tucson AZ for our own account. After submitting our pre-application, we found we could build 120,000 sq ft of storage. However, the market in Arizona began to soften and the ability to achieve the necessary rates began to fall. Thus, we sold the property in May of 2024 at a substantial profit over 40% annually on cost.