Completed
Honolulu, HI
CICO Leokane Hawaii II
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Property Overview
The Opportunity
Sourced from a Private Equity Group during an acquisition, executed an industrial sale-leaseback by Pearl Harbor in Honolulu, Hawaii. The structure included a long-term 20-year absolute NNN lease to a single tenant. Due to fraud, the tenant was forced to file Ch. 7. Moving forward, executed an underwritten backup plan which was to convert to condos and exceeded original proforma.
Competitive Advantage
Lessons Learned
Property Location
Documents & Financials
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Related Articles
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Investment Summary
Property Type:
Industrial
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Strategy:
Sale Leaseback, Condo Conversion
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Address:
94-125 Leokane St, Waipahu, HI 96797
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Investment Date:
December 1, 2006
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Est. Hold Period:
1.3 Years
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Total Capitalization:
N/A
Loan To Cost Ratio:
N/A
Est. Exit Cap Rate:
N/A
Investor Preferred Return:
N/A
Property Type:
Industrial
N/A
Strategy:
Sale Leaseback, Condo Conversion
N/A
Address:
94-125 Leokane St, Waipahu, HI 96797
N/A
Investment Date:
December 1, 2006
N/A
Disposition Date:
April 1, 2008
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Hold Period:
1.3 Years
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Realized IRR:
38.90%
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Equity Multiple:
1.63 X
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Total Capitalization:
N/A
Loan To Cost Ratio:
N/A
Exit Cap Rate:
N/A
Realized Investor Return:
N/A
Property Type:
Industrial
N/A
Strategy:
Sale Leaseback, Condo Conversion
N/A
Address:
94-125 Leokane St, Waipahu, HI 96797
N/A
Investment Date:
December 1, 2006
N/A
Disposition Date:
April 1, 2008
N/A
Hold Period:
1.3 Years
N/A
Total Capitalization:
N/A
Loan To Cost Ratio:
N/A
Cap Rate at Close:
N/A
Realized Investor Return:
N/A
Residential
Algarita Lakeside
San Antonio, Texas
Value-Add Multifamily Acquisition of 293-units from distressed Tenant-In-Common "TIC" partnership.
Residential
Property Type:
Multifamily
N/A
Property Type:
Multifamily
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Property Type:
Multifamily
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Land
NB North
New Braunfels, TX
Off-market acquisition of 22.13 acres of fully entitled land for future multifamily.
Land
Property Type:
Land
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Property Type:
Land
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Property Type:
Land
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Land
Windcrest
San Antonio,TX
Acquisition of two (2) land tracts totaling 12.2 acres for entitlement and sale in Windcrest, northeast of downtown San Antonio.
Land
Property Type:
Land
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Property Type:
Land
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Property Type:
Land
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Commercial
Delta Drive - Laredo Industrial
Laredo, TX
Off-market acquisition of a 72,868 SF tilt wall industrial warehouse in Laredo's historically 99% occupied San Isidro submarket.
Commercial
Property Type:
Industrial
N/A
Property Type:
Industrial
N/A
Property Type:
Industrial
N/A
Residential
Prose Lonesome Quail
New Braunfels, TX
Prose Lonesome Quail is the development of a 390-unit, 3-story garden style multifamily community in New Braunfels, TX, one of the fastest growing cities in the US.
Residential
Property Type:
N/A
Property Type:
N/A
Property Type:
N/A
Residential
Elevate At Fillmore
Colorado Springs, CO
Elevate At Fillmore is the development of a 196-unit, Class-A multifamily community in northwest Colorado Springs, CO.
Residential
Property Type:
N/A
Property Type:
N/A
Property Type:
N/A
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