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Seattle's industrial market remains attractive to investors, as a self-storage facility in Greenwood district was recently sold for $30 million ($199 per sq. ft.). InSite Property Group, an entity affiliated with the buyer, acquired the property from an entity linked to Thomas Nickerson, the managing member of Nickerson Properties LLC. The facility at 9309 Aurora Ave. N spans over one acre and comprises a 150,138 sq. ft. building, including warehouse, office, and basement storage space, built in 2019. InSite Property Group specializes in self-storage development, operations, acquisitions, and management across the U.S., with offices in several cities. Last year, they acquired Lake City Mini-Storage in Seattle for $18.5 million, further establishing their presence in the Puget Sound region. The Seattle industrial market witnessed robust growth in Q3 2023, with 37 property deals closing for a total of $172 million, averaging $232.40 per sq. ft. and a 6.07 percent capitalization rate, reflecting a 7.2 percent increase over the previous quarter, as reported in the Seattle Industrial Market Report by Kidder Mathews. #smartcap #redmond #kirkland #bellevue #seattle #industrial #warehouse #storage #sale #industrialrealestate #commercialrealestate

Tecum Equity Alpha Management (“TEAM”) is pleased to announce the acquisition of Matthews Wall Anchor & Waterproofing.   Matthews will become part of TEAM’s Dry Acquisition LLC (dba The Basement Doctor) platform focused on water displacement management services business that include #basementwaterproofing, #foundationrepair, crawl space encapsulation, and mold/sewage remediation focused on preserving home value, safety, and structural integrity.  Along with Matthews, the TEAM platform includes the brand Basement Doctor and Nash Distribution.     Stephen Gurgovits, CFA, CPA, TEAM Managing Partner commented, “Our basement waterproofing, and foundation platform focus includes the absolute top-quality companies in the industry.  Matthews fits perfectly with that focus with over 30 years of experience in its service areas.   Matthews provides a 50-year warranty for its services, and this is a clear example of putting your money where your mouth is and showing its confidence in their talented employees, and their focus on providing the homeowner a first-class quality product.”      Bud Norton, Matthews CEO and Owner noted, “When I made the decision to find the right partner for my business, I quickly found Tecum to check all the boxes. They have experience in my space, and they demonstrate the word partnership in their actions.” In addition, Ben Ditson, COO and Owner observed, “Tecum demonstrated that they were not just investors, but experienced operators who will add value to my team to help the business grow.”  #privateequity #investment #growth #acquistions

Just Closed.... The Deco in Sparks, NV 💲 $43,000,000 🚪 209 Units 🏗 2021 Construction 🏢 97% Occupancy I often get asked “Given the challenges in CRE, what sort of deals are closing today?” From my perspective, there are so many challenges throughout the industry there is no single trend driving a buying decision today, other than unique opportunities. That may change later this year if the interest rates lower and the CRE equity market loosens but right now the market is driven by circumstance and timing that creates a unique opportunity. That’s what this latest closing represents. By many estimations this is a good deal for a buyer in todays market. Thank you so much to our client Tower 16 Capital Partners for consistently trusting in me and Nikki Prine to close their transactions. We love working with you guys. #CRE #reno #sparks #multifamily #nmhc #commercialrealestate

On Thursday, Matheson Capital completed our acquisition of Summers Run in Asheboro, North Carolina. We looked at dozens of deals before choosing to purchase this one and some of the reasons we liked this deal so much below 👇 1. Strong Cash Flow: This property has a going-in cash-on-cash return of 8% 2. Proven Value-Add Plan: The current owner renovated 9 units and achieved significant rent increases, so we know the market can support a value-add plan 3. Limited Supply: There have not been any new apartment communities built in Asheboro over the past 10 years 4. Nearby Infrastructure Investments: The Greensboro-Randolph County Megasite is the focal point of Billions of dollars of industrial development, which will bring jobs to the area Special thanks to the Berkadia team for working with us throughout the process: Blake Coffey, Caleb Troop, S. Thomas Colaiezzi, and Joshua Finley. #multifamily #syndication #apartmentinvesting #passiveincome

Where does the capital targeting industrial real estate want to deploy most in the United States? You guessed it, it's South Florida. Where else is the capital focused? Name a market. ✌️🏼 #cre #commercialrealestate #industrialrealestate #floridarealestate #floridabroker #cretrends #LarryG 

We are excited to announce the closing of the Pierron Portfolio, a four property portfolio consisting of 178 Units located in central San Leandro. This was an incredibly complex deal that took an incredible effort from everyone involved. We are excited for the new owners, BAA Investment Group LLC, Joel Kelly,Kris Lamont, and are looking forward to seeing what they do as they transition these assets and continue the legacy of these properties. This was the first time these properties have been on the market as they were developed and owned by the same family for over five decades. A special thank you to Michael Muzzy, Steven Seiler, and Laurie Edwards for their hard work in getting this across the finish line.  This was a total team effort and am always proud to work with Ryan Rodriguez Matthew Flaherty Justin Krupp Benjamin Wemer Jennifer Mach Isoa Moimoi Lena Diep Ryan Land Shayla Mellenthin Tony Burnett Deal Highlights Acquired from Original Developer Multiple Offers Received Centrally Located Assets Built within a .5-Mile Radius Pride of Ownership Portfolio Non-Rent Controlled Submarket w/ Low Velocity Transaction History Immediately Scale Up in Submarket with Minimal New Supply   Portfolio Highlights   Various Capital Improvements Concrete Podium Construction Desirable Unit Mix of 1-Bedroom, 2-Bedroom, and 3-Bedroom units Large Spacious Units Walking distance to downtown San Leandro & BART Located within proximity to major East Bay Employers: Kaiser Permanente, Tesla, Safeway Northern California Division, Sutter Health #multifamilyrealestate #multifamilyinvestments #multifamilyinvestor #multifamily #bayarearealestate #sanleandro

Where does the capital targeting industrial real estate want to deploy most in the United States? You guessed it, it's South Florida. Where else is the capital focused? Name a market. ✌���🏼 #cre #commercialrealestate #industrialrealestate #floridarealestate #floridabroker #cretrends #larryg

This was my first deal out of university, what did I know? Not much… Managed it for 12 years, learned the ropes on this one First ever sale of a property, and luckily for us we closed 4 weeks before the market meltdown( bit of luck on the closing happening when it did, but not the remainder of our efforts) With that said, we have big 1031 $66.5 million in equity please send big juicy deals to gevaliotis@gmail.Com or just pm me. #valiotis #almarealty #commercialrealestateinvesting

Really interesting opportunity

Derbes Falgoust Commercial Real Estate, LLC with our partners at Binswanger, brokered this industrial “Build to Suit” deal with MGX Equipment Services which inked early summer 2023. Permits are in and construction has begun. Geismar, Louisiana. As is the case with most complex commercial real estate transactions, this project had it’s many twists and turns but all parties accomplished their goals and are satisfied. Experts matter. Brokers that specialize in a marketplace matter. #industrialrealestate #buildtosuit #commercialleasing