- Value-add component: typically 20-40% vacancy / discount based on condition
- Size: 10,000-60,000 sq/ft. Multi-tenant.
- Price: $1,000,000 – $6,000,000 – sweet spot is $3-5M.
- Location: Greater PHX (as long the real estate is solid and numbers are great)
- Prefer at least one existing name brand tenant (franchises or regional is ok)
- Prefer traffic counts over 15k Cars Per Day
- Prefer built after 1970, single story
- Prefer strong employment & median household income over $50k