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
N/A
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
N/A
Hold Period:
1.3 Years
N/A
Realized IRR:
38.90%
N/A
Equity Multiple:
1.63 X
N/A
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
N/A
Property Type:
Multifamily
N/A
Land
Govalle
Austin, TX
Acquisition 2+ acres in East Austin to subdivide into single-family lots.
Land
Property Type:
Land
N/A
Property Type:
Land
N/A
Property Type:
Land
N/A
Land
12th & Hargrave
Austin, TX
Acquired 5.78 acres at a foreclosure auction in East Austin for future townhome development.
Land
Property Type:
Land
N/A
Property Type:
Land
N/A
Property Type:
Land
N/A
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Land
Decker
Austin, TX
Acquired 58 acres off Decker Lane in East Austin. The acquisition was part of a land assemblage with multiple sellers. During entitlement, we subdivided the land selling a tract to our northern neighbor and retaining ownership of an industrial tract, and 20 acre multifamily tract.
Land
Property Type:
Land
N/A
Property Type:
Land
N/A
Property Type:
Land
N/A
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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
N/A
Property Type:
Land
N/A
Property Type:
Land
N/A
%20Large.jpeg)
Land
Johnny Morris
Austin,TX
Acquisition of 22.13 acres zoned Light Industrial. We were able to rezone to Multifamily within 6 months of acquisition. We are currently joint venturing to develop a 375-unit multifamily community.
Land
Property Type:
Land
N/A
Property Type:
Land
N/A
Property Type:
Land
N/A
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