Success Stories

Gaffney Distribution

34 Commerce Drive Gaffney, SC
546,000 Square Feet

Purchase Price: $14,000,000

Purchase Date: 3.27.2017

Sale Price: $30,000,000

Sale Date: 3.19.2019

Achieved IRR: 30.52%

Achieved MOIC: 1.71x

Internal Rate of Return (IRR)

Multiple of Invested Capital (MOIC)

Renovations Completed

  • State-of-the-art Sprinklers

  • T-5 Warehouse Lighting

  • New Dock Door Packages

  • Asphalt Repair

  • Exterior Paint

  • Refurbished Office Area

  • Refurbished Bathrooms

  • New Roof

Brewery Tower

500 Front Street Columbus, OH
142,315 Square Feetre eet

Purchase Price: $15,875,000

Purchase Date: 9.14.2016

Sale Price: $24,050,000

Sale Date: 11.1.2019

Achieved IRR: 20.02%

Achieved MOIC: 1.56x

Internal Rate of Return (IRR)

Multiple of Invested Capital (MOIC)

Asset Strategy

  • Lobby Renovation / Expansion

  • Complete Deferred

    Maintenance

  • Offer Competitive TI Packages

    to Increase Occupancy and

    Rental Rates

Axis Park

350 & 352 Halton Rd Greenville, SC
227,807 Square Feet

Purchase Price: $18,350,000

Purchase Date: 12.29.2017

Sale Price: $33,100,000

Sale Date: 3.24.2020

Achieved IRR: 27.94%

Achieved MOIC: 1.69x

Internal Rate of Return (IRR)

Multiple of Invested Capital (MOIC)

Asset Strategy

  • Lobby Renovation

  • Common Area Renovation

  • Add Needed Site Amenities

  • Offer Competitive TI Packages

  • and Rental Rates to Attract

    Large Tenants 

Kimball Place

456 N Kimball Pl. Boise, ID - 72,786 Square Feet

Purchase Price: $9,500,250

Purchase Date: 4.6.2017

Sale Price: $13,400,000

Sale Date: 3.31.2021

Achieved IRR: 21.96%

Achieved MOIC: 2.08x

Internal Rate of Return (IRR)

Multiple of Invested Capital (MOIC)

Asset Strategy

  • Exterior Refresh

  • Add Needed Site Amenities

  • Offer Competitive TI Package

    and Rental Rate to Encourage

    Renewal From Existing Tenant

Tempus Oshkosh

2920 N Main St. Oshkosh, WI
486,000 Square Feet

Purchase Price: $23,750,000

Purchase Date: 9.25.2020

Sale Price: $32,023,185

Sale Date: 12.15.2021

Achieved IRR: 62.6%

Achieved MOIC: 1.79x

Internal Rate of Return (IRR)

Multiple of Invested Capital (MOIC)

Asset Strategy

  • New 15 year NNN lease

  • Reduce Debt

  • Return Investor Cash

Live Oak

8701 Red Oak Blvd. Charlotte, NC
81,568 Square Feet

Purchase Price: $7,820,000

Purchase Date: 4.11.2017

Sale Price: $16,200,000

Sale Date: 12.16.2021

Achieved IRR: 16.37%

Achieved MOIC: 2.03x

Internal Rate of Return (IRR)

Multiple of Invested Capital (MOIC)

Asset Strategy

  • Lobby Renovation

  • Elevator Upgrades

  • Offer Competitive TI Packages

    to Increase Occupancy

    and Rates.