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Timely Negotiations Protect Asset Value for Seller Amidst Changing Rent Laws

OVERVIEW 145 Henry Street and 15-19 Wyckoff Street | Brooklyn, NY 83-Unit Value Add Multifamily Henry Street: 43-Unit Elevator Building Wyckoff Street: 40-Unit Walk-Up Building ~33% Rent Regulated ± 66,500 SF Total Seller Representation Approximate In-Place Cap Rate of 3.2% Sale Price: $36,650,000 ($550/SF) For more information regarding this case study, please contact: CHRIS VARJAN D  (212) 776-1272 Email // Resume   VICKRAM JAMBU D  (212) 776-1279 Email // Resume   The Client The client…

NYC Developer Partners with an Institutional Capital on 75,000 SF Senior Housing Development Site

OVERVIEW 1622-1632 York Avenue | New York, NY ± 75,000 SF Development Site (Senior Housing) Buyer Representation Sale Price: $46,500,000 For more information regarding this case study, please contact: CHRIS VARJAN D  (212) 776-1272 Email // Resume   VICKRAM JAMBU D  (212) 776-1279 Email // Resume   The Client Engel Burman Group, a local developer and senior housing operator, alongside institutional capital partner, Harrison St Real Estate Capital. The Challenge Due to the specific programming,…

Comprehensive Nature and Transparency of Diligence Available Opens the Investor Pool for NYC Multifamily Asset

OVERVIEW 308 West 82nd Street | New York, NY 49 Unity Multifamily Asset ~30% Rent Regulated ± 25,000 SF Seller Representation Sale Price: $18,650,000 ($746/SF) For more information regarding this case study, please contact: CHRIS VARJAN D  (212) 776-1272 Email // Resume   VICKRAM JAMBU D  (212) 776-1279 Email // Resume   The Client Lee & Associates NYC represented the seller, a high net worth individual with global holdings, who sought liquidity in a turbulent…

12-Store Retail Portfolio Sale-Leaseback: Ollie’s Bargain Outlets

OVERVIEW Central and Eastern U.S. 484,194 SF (12 Store Portfolio) 100% Occupancy Built: Various Sale Price: $42,669,000 ($88/SF) 6.85% In-Place Cap Rate For more information regarding this case study, please contact: REBECCA WELLS D  (317) 726-7305 Email // Resume The Client Our client, Ollie’s Bargain Outlets, is a privately-held, fast-growing, extreme value retailer. Taking advantage of the bankruptcy of Toys“R”Us, Ollie’s purchased 12 owned stores at bankruptcy auction, converted them to Ollie’s and then engaged…

Midwest Multi-Tenant Flex Office Warehouse Sold to REIT for Asking Price

OVERVIEW 5610-5710 West 82nd Street, Building 66, Park 100 | Indianapolis, IN 64,800 SF 100% Occupancy Built: 1986 Clear Height: 20′ Sale Price: $5,200,000 ($80/SF) 6.75% In-Place Cap Rate For more information regarding this case study, please contact: REBECCA WELLS D  (317) 726-7305 Email // Resume The Client Our client was a private value-add partnership who purchased the building with vacancy in 2016. The seller made extensive interior and exterior capital improvements as well as…

Midwest Multi-Tenant Office Complex Sale with CMBS Debt In Place

OVERVIEW Castle Creek I & II | Indianapolis, IN 130,726 SF 92.5% Occupancy Built: 1981 Sale Price: $11,187,000 ($85/SF) 9.0% In-Place Cap Rate For more information regarding this case study, please contact: REBECCA WELLS D  (317) 726-7305 Email // Resume The Client Our client was a syndication of private out-of-state investors which purchased the office complex as a stable cash flow investment. The property performed well and remained above 90% occupancy throughout the holding period,…

Value Add Multi-Tenant Industrial Park Sale

OVERVIEW 1320 Grand Avenue | San Marcos, CA Industrial Multi-Tenant Park “Value-Add” Repositioning Strategy Off-Market Transaction 52,289 SF 37 Incubator Suites Acquisition Price: $6,885,000 Disposition Price: $9,250,000 17-Month Hold Period For more information regarding this case study, please contact: RUSTY WILLIAMS D  (760) 448-2453 Email // Resume   CHRIS ROTH D  (760) 448-2448 Email // Resume   JAKE RUBENDALL D  (760) 448-1369 Email // Resume   The Client Focus Real Estate, LP, formed in April…

Balfour Beatty Develops Corporate Real Estate Strategy For U.S. Portfolio

For more information regarding this case study, please contact: JOHN DECOUTO, CCIM, MCR.H D  (404) 442-2822 Email // Resume   The Client Balfour Beatty is an industry-leading provider in the U.S. of general contracting, at-risk construction management and design-build services for public and private sector clients across the nation. Performing heavy civil and vertical construction, our teams build the unique structures and infrastructure that play an important role in how people live, work, learn and…

AFF Logistics Center Sale-Leaseback

OVERVIEW 7400 45th Street Court E | Fife, WA ± 99,260 SF 19.5 Acres Seller (& Lessee) Representation Sale Price: $46,515,015 ($469 / SF)   “We were extremely happy with the local market expertise and guidance provided by the Lee & Associates team. From lease availability analyses, to purchase and sale negotiation, introduction to key area legal counsel, and presence during the entire transaction, we could not have asked for more. The Lee team set…