INDUSTRIAL LOW FINISH
122,331 SF office/warehouse
Local Cash Flow Syndication
Currently own property
Local syndication acquisition of small bay low finish office / warehouse buildings totaling 122,331 SF. In 2014 these buildings, with 18 tenants, were put under contract at 94% occupancy. A tenant was secured during due diligence to close at 100% full. Northcrest has remained 100% occupied since 2014.
The long term cash flow ownership structure has benefitted from uninterrupted monthly distributions, 17% increase in NOI and unrealized market value of more than 30% appreciation
This is an example of our ability to find great real estate, attract stable tenants, retain those tenants and grow undervalued rents.