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. The owner was able to achieve third story building code changes to maximize the building of the 132 town home and single family residence project that has now been completed by Landsea Homes.
Joint Ventures
In 2015, FERG facilitated the sale and subsequent joint venture of the ground-up development of Crestavilla Senior Living Community Facility. 250 bed community The project constructed by Bernards was a $106 million, 5-Star facility located a 30111 Niguel Rd. in Laguna Niguel, CA. The venture was between Flintridge Partners and Steadfast Companies.
Brokerage
In 2017, delivered this 95,000 SF Class “A” office building located at 1311 Calle Batido, San Clemente, CA to a client to satisfy 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 consists of 914 units is located at 1338 E. Main St, El Cajon CA. It has a tentative opening scheduled for 3rd quarter 2025. Extra Space has been selected as the management company.
Self-Storage Conversion
In November of 2020, purchased 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 then 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 in November of 2021 and is currently being managed by Extra Space.
Self-Storage Conversion
In May of 2021, sourced and acquired this 78,759 net rentable sq ft climate-controlled storage conversion project with ancillary boat & RV storage in Sacramento, CA with Clear Sky Capital. The Property Management of the facility was changed from Cubesmart to Public Storage which proceeded to substantially increase occupancy and NOI. The property was then sold to SmartStop after only a year achieving a long-term gain at a substantial profit in May of 2022.
Self-Storage Development
Sourced, entitled, and subsequently acquired this 2.56 acres located at 4700 Rancho Rd., Las Vegas, NV in September 2021 with Metropolis Las Vegas LLC. Construction was completed in 2024 for this 3-story Class “A” facility totaling approximately 124,835 sq ft. of climate-controlled storage. The facility is being managed by Public Storage.
Self-Storage Development
In June of 2021, purchased this 4+/- acre site in Vista, CA with Clear Sky Capital. Construction commenced in early 2023 for this Class “A” – 3 story 177,018 sq ft., climate controlled self-storage facility with RV/Boat Storage. The facility opened for business in August of 2024 and is currently being managed by StorQuest.
Self-Storage Development
In September 2022, purchased this 38,000 sq ft 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. StorQuest 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 a lengthy entitlement process and environmental remediation, construction commenced in August of 2024. Completion is anticipated to be in 4th quarter of 2025. This 4-story, Class “A” climate-controlled facility will provide 1,406 units yielding 129,080 net rentable sq/ft. StorQuest 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 made the decision to liquidate the property in May of 2024 achieving a profit of over 40% annually on our initial cost.