Private Equity Property Acquisition Criteria
Trebuchet is actively seeking to invest in the following real estate. Our investment strategy allows us, in some cases to JV with other funds/developer/owner groups that have a similar strategy.
Warehouse, Distribution, Manufacturing, Flex
Age: less than 25 years
Lease term NN or NNN
Tier 1/Class A or Class B
28-42 feet or higher ceilings desired
High Loading Door Ratio (>1 door per 8,000 SF) for warehouse/distro
ESFR Sprinklers, T5 or LED lighting
No or low % Mezzanine space
No Sale Leasebacks on non-national tenants
High occupancy, 95%+ or discounted FMV to the same.
Building structurally sound- no pre-fab
No suburban offices
No major Leases due on year of sale
No Sale Leasebacks on non-national tenants, no single tenant stand alone buildings
B Class or better- no reno deals.
Buildings structurally sound
Assets with distinct leasing advantages due to quality architecture, great floor plates, attractive parking, and other amenities
Other Asset Classes:
We will look to acquire assets outside of office & industrial.
This includes: Parking, Storage, Mobile Home parks, marina, brick & beam buildings.
Self Storage- 140 units and up
Mobile Home parks- 75 pads and up
No less than 75% occupancy, case by case basis if less.
B Class minimum, will accept heritage and older buildings
Underperforming and have significant upside through lease up, rehabilitation, redevelopment, re-classing, reduction of expenses or expansion
Investment size to $9,500,000 USD
Due to the volume of deals submitted, our automated system will reject any incomplete information, and we will not respond to incomplete submissions.
We are not able to follow up if the submitted property does not meet our criteria, if it does meet our criteria expect a call back within 24 hours.
The following is a list of minimum information required to evaluate a property offering if applicable:
1. Current Rent Roll
a. Lease commencement and rent start date
b. Initial lease term maturity date
c. All options
d. Rental rate PSF
e. Escalations (how much and when)
f. Tenant Name
g. Lease Guarantor (if applicable)
h. Lease type (net, gross, or modified gross)
2. Inventory of major work done to property, and estimate of what and when major new work needs to be done (eg: new roof, paving, hvac, reclamation)
3. Last 3 years Profit and Loss Statement
4. Property Owner and reason for sale (lender forced, etc.??)
5. Declaration or Easement Agreements which materially affect the property
6. Site Plan
7. Legal Address
8. Current CAM charges & breakdown
9. Taxes for last year and estimated this yr if not NNN
10. Pictures of the property, more than 5 plus interior shots.
11. Why does your property or portfolio deserve consideration?
12. What is the business case, why do we HAVE TO have it?
Please email or call, can sign address specific NDA prior:
This information will expedite our process and provide quick feedback and provide an offer to purchase (if it meets our underwriting standards).
However, more information will be required during due diligence including but not limited to title, survey, leases, environmental and engineering reports, etc.
We can underwrite in less than 20 days if we have full information.
Include a link to the deal package with the above information.