Investment Criteria
Ow Commercial targets both core and value-add investments, including stabilized and unstabilized acquisitions, build-to-suits, land developments, speculative developments, pre-sales and redevelopments of retail, office, R&D and industrial properties. Ow Commercial actively seeks to acquire existing buildings and land for development or redevelopment. Risk-oriented situations as well as leased buildings with a potential for future upside are of particular interest. The Company targets properties along the following general guidelines:
Location: |
Major metropolitan areas within the Western United States with a strong preference for properties in Santa Cruz County. |
Product Type: |
Retail, Industrial, R&D and Office buildings, and land for development. |
Leasing Status: |
For existing buildings, any occupancy status will be considered. There is no minimum initial yield requirement. |
Physical Condition: |
Properties in any condition will be considered. We are willing to look at properties with environmental challenges. |
Transaction Size: |
Single properties or portfolios exceeding $1 million, with no maximum. |
Timing: |
Closing in 30 to 90 days, depending on property type and seller requirements. |
Reputation: |
|
Broker Protection: |
The Company maintains a property submission database so as to protect brokers who present properties they have listed or who submit off-market deals for our consideration. Additionally, the Company will consider paying a finder’s fee to brokers who are the procuring cause for its interest in a particular transaction. |