214.207.9016 jay@annandaleco.com

Recent Dispositions

Two Truck Stops

Location: Michigan
Institutional Client: Waterstone
Close: anticipated for 2012


 

Truck Stops

Location: Pennsylvania
Institutional Client: Waterstone
Close: 2011


 

34,319 SF Neighborhood Shopping Center

Location: Texas
Institutional Client: JE Roberts
Close: anticipated for 2011

 

42,480 SF Neighborhood Shopping Center

Location: Texas
Institutional Client: JE Roberts
Close: 2011


 

31 Property Portfolio of Gas Stations

Location: New Mexico
Institutional Client: Berkadia
Close: 2010- 2011


 

C&G

Location: California
Institutional Client: Comerica
Close: 2011

 

Wal-Mart Shadowed anchored Retail Center

Location: Texas
Institutional Client: Berkadia
Close: 2011


 

Truck Stops

Location: Texas & Arizona
Institutional Client: Wells Fargo
Close: 2011


 

450,000 SF Mall

Location: Arkansas
Institutional Client: Imperial Bank
Close: 2010

 

Portfolio of 6 C&Gs

Location: Pennsylvania
Institutional Client: California Credit Union, First Financial & America First
Close: 2010


 

12 C&Gs

Location: Kansas
Institutional Client: Wells Fargo
Close: 2010


 

15 Vacant Bennigan’s Restaurants

Location: Nationwide
Institutional Client: Bank of New York
Close: 2009

 


Case Studies

31 Property Portfolio Disposition

  • 31 Gas Station/Convenience Stores
  •  Location:  Albuquerque, NM
  • Project Start Date:  June 2010
  • Bid Timeline:  August – September 2010
  • Closing:  Second half of 2011

 Project Highlights:

  • Maximize Value for the Lender
  • Analyze the Highest Value through Broker Opinion of Value per Asset
  • Employ Open Bidding Strategy with Deadline to Create Urgency and Interest

Investment Update:  Properties were sold to two separate buyers

 

15 Property Portfolio Disposition

  • 15 Former Bennigan’s and Steak & Ale locations  throughout the country
  • Location: in Georgia, Illinois, Indiana, New Jersey,
  •   New Mexico, Pennsylvania
  • Project Start Date:  June 2010
  • Funding Closing:  January 2011

Project Highlights:

  • Maximize Value for the Lender
  • Analyze the Highest Value through Broker Opinion of Value per Asset
  • Used an Accelerated Marketing Strategy to broker each site for maximum value and auction the less desirable locations

 Investment Update:   Analyzed, Reviewed and Negotiated the Maximum Offer for our Client

BOVs

  • 50 BOVS for national QSRs
  • Location: Alabama and Mississippi
  • Project Start Date:   March 2010
  • Project Completion Date:  March 2010

Project Highlights:

  • 50 BOVs for  QSRs in two states
  • BOVs completed in 2 weeks.

Project Highlights:

  • Maximize Value for the Lender
  • Analyze the Highest Value through Broker Opinion of Value per Asset
  • Used an Accelerated Marketing Strategy to broker each site for maximum value and auction the less desirable locations

 Investment Update:   Analyzed, Reviewed and Negotiated the Maximum Offer for our Client

 

Free Standing Grocery Store

  • Re-Tenanted a vacant grocery store
  • Location:  Phoenix, AZ
  • Project Start Date:  February 2008
  • Funding Date: February 2008
  • Equity Invested: $300,000

 Project Highlights:

  • 50,000 SF Free Standing Building purchased vacant
  • Reduced Asking Price
  • Strategic Single Tenant Commitment to Increase Value

 Investment Update:

  • Property was Re-Tenanted and Stabilized after Closing
  • Currently 100% Leased to 24-hour Fitness on a 15-year lease
  • Sold in 2009 as a Stabilized Income Producing Asset on a sub 7 cap

Free Standing Retail

  • Vacant 28,827 SF Retail Building
  • Location:  Midland
  • Project Start Date:  June 2011
  • Funding Date:  January 2012

 Project Highlights:

  • 28,827 SF Former Circuit City purchased vacant
  • Distressed Asset with Reduced Asking Price
  • Strategic Single Tenant Commitment to Increase Value

 Investment Update:

  • Havertys Furniture has a signed a 10-year lease and plans to occupy the building this summer
  • Property will provide a monthly cash flow to its Equity Partners as soon as Havertys begins paying rent

Industrial/Warehouse

  •  Vacant 19,000 SF Industrial Building
  • Location:  DFW Metroplex, TX
  • Project Start Date:  February 2009
  • Funding Date: February 2009

Project Highlights:

  • 19,000 SF Building purchased vacant
  • Distressed Asset with Reduced Asking Price
  • Strategic Single Tenant Commitment to Increase Value

Investment Update:

  • Property was Re-Tenanted and Stabilized Prior to Closing
  • Currently 100% Leased
  • Property is provided a monthly cash flow to its Equity Partners

Eckerd Drug Portfolio

  • 10 Vacant Free Standing 10,000 SF
  • Former Eckerd Drug locations
  • Location:  DFW Metroplex, TX
  • Project Start Date:  February 2008
  • Funding Date: February 2008
  • Equity Invested: $1 Million

 Project Highlights:

  • Vacant 50,000 SF Free Standing Building
  • Reduced Asking Price
  • Strategic Single Tenant Commitment to Increase Value

Investment Update:

  • Property was Re-Tenanted and Stabilized Prior to Closing
  • Currently 100% Leased
  • Sold in 2009 as a Stabilized Income Producing Asset