Active Archives - CIRE Equity Executing beyond expectations for our community Wed, 17 Jul 2024 23:10:15 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.1 https://www.cireequity.com/wp-content/uploads/2023/07/cropped-CIRE-Equity-Horizontal-CMYK-Brandmark-Only-32x32.png Active Archives - CIRE Equity 32 32 Gateway at Wynwood https://www.cireequity.com/property/gateway-at-wynwood/?utm_source=rss&utm_medium=rss&utm_campaign=gateway-at-wynwood Wed, 11 Oct 2023 19:55:18 +0000 https://www.cireequity.com/?post_type=property&p=4424 Prime Class-A Location: A mixed-use building located at 29th Street and North Miami, it’s the first Class-A office building in vibrant Wynwood. Unparalleled Accessibility: Enjoy unmatched access to Wynwood and Midtown, making it the most conveniently located office building in the submarket. Architectural Excellence: Designed by Kobi Karp, the building boasts cutting-edge architectural design and […]

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  • Prime Class-A Location: A mixed-use building located at 29th Street and North Miami, it’s the first Class-A office building in vibrant Wynwood.
  • Unparalleled Accessibility: Enjoy unmatched access to Wynwood and Midtown, making it the most conveniently located office building in the submarket.
  • Architectural Excellence: Designed by Kobi Karp, the building boasts cutting-edge architectural design and environmentally responsible features.
  • Flexible & Modern Spaces: Large, flexible floor plans with natural light, a private rooftop terrace, and around-the-clock security.
  • Strong Demand & Growth: Wynwood’s rapid urbanization and strong tenant demand are supported by infrastructure advancements.
  • Retail Opportunities: 25,000 sq ft of prime street-level retail space adds to its appeal in a thriving retail and entertainment neighborhood.
  • Rooftop Terrace: Tenants can enjoy a private rooftop terrace, offering a unique space for relaxation and events.
  • Ample Parking: The Gateway at Wynwood provides ample parking capacity, ensuring convenience for tenants and visitors.
  • Strategic Workforce Access: Proximity to downtown Miami and a substantial workforce adds to its attractiveness for businesses.
  • Strong Demand: The property benefits from the growing demand in the rapidly urbanizing Wynwood submarket and proximity to downtown Miami. Approximately 17,000 multifamily units are under construction within a 5-mile radius, reflecting strong residential growth.
  • Learn more at: https://www.thegatewayatwynwood.com.

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    ]]>         7416 E Broadway https://www.cireequity.com/property/7416-e-broadway/?utm_source=rss&utm_medium=rss&utm_campaign=7416-e-broadway Wed, 11 Oct 2023 17:48:50 +0000 https://www.cireequity.com/?post_type=property&p=4419 7416 E Broadway is a single-tenant asset that is part of our larger Pacific Northwest Portfolio and is one of four high-quality industrial assets with 100% occupancy by three national/investment-grade tenants. 7416 E Broadway is currently occupied by L&W Supply, one of the nation’s leading distributors of construction supplies and building materials. This property has […]

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  • 7416 E Broadway is a single-tenant asset that is part of our larger Pacific Northwest Portfolio and is one of four high-quality industrial assets with 100% occupancy by three national/investment-grade tenants.
  • 7416 E Broadway is currently occupied by L&W Supply, one of the nation’s leading distributors of construction supplies and building materials.
  • This property has the potential to lower cost basis through near-term spinoffs while offering excess land with future monetization potential.
  • As a supply-constrained market with growing distribution hubs, 2225 NE Elrod offers a strong outlook for long-term growth.
  • Growth can be further driven through negotiated lease extensions, making this an attractive investment opportunity.

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    ]]>         412 N Haven https://www.cireequity.com/property/412-n-haven/?utm_source=rss&utm_medium=rss&utm_campaign=412-n-haven Wed, 11 Oct 2023 17:25:45 +0000 https://www.cireequity.com/?post_type=property&p=4415 412 N Haven is a single-tenant asset that is part of our larger Pacific Northwest Portfolio and is one of four high-quality industrial assets with 100% occupancy by three national, investment-grade tenants. 412 N Haven is currently occupied by Mondelez International, one of the world’s largest snack companies, and empowers people to snack right in […]

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  • 412 N Haven is a single-tenant asset that is part of our larger Pacific Northwest Portfolio and is one of four high-quality industrial assets with 100% occupancy by three national, investment-grade tenants.
  • 412 N Haven is currently occupied by Mondelez International, one of the world’s largest snack companies, and empowers people to snack right in over 150 countries.
  • This property has the potential to lower cost basis through near-term spinoffs while offering excess land with future monetization potential.
  • As a supply-constrained market with growing distribution hubs, 2225 NE Elrod offers a strong outlook for long-term growth.
  • Growth can be further driven through negotiated lease extensions, making this an attractive investment opportunity.

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    ]]>         401 Washington https://www.cireequity.com/property/401-washington/?utm_source=rss&utm_medium=rss&utm_campaign=401-washington Tue, 03 Oct 2023 18:58:54 +0000 https://www.cireequity.com/?post_type=property&p=4406 In Q2 of 2020, CIRE added a single-tenant bank portfolio comprising three Old National Banks in Indiana. This investment includes a corporately guaranteed lease from an investment-grade tenant, Old National Bank, with a Moody’s Credit Rating of Aa3. The current lease term is in place until 2022, with four five-year option periods and annual rent […]

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  • In Q2 of 2020, CIRE added a single-tenant bank portfolio comprising three Old National Banks in Indiana.
  • This investment includes a corporately guaranteed lease from an investment-grade tenant, Old National Bank, with a Moody’s Credit Rating of Aa3.
  • The current lease term is in place until 2022, with four five-year option periods and annual rent increases throughout the remaining lease term and option periods.
  • The Old National Bank location in Covington, IN, is in the immediate area of retail tenants, including Dollar General, CVS Pharmacy, Marathon, Subway, MainSource Bank, Centre Bank, U-Haul, Parish Tire & Battery Shop, Covington Foods Inc., etc.

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    ]]>         3919 W First https://www.cireequity.com/property/3919-w-first/?utm_source=rss&utm_medium=rss&utm_campaign=3919-w-first Tue, 03 Oct 2023 17:01:31 +0000 https://www.cireequity.com/?post_type=property&p=4401 3919 W First is a single-tenant asset that is part of our larger Pacific Northwest Portfolio and is one of four high-quality industrial assets with 100% occupancy by three national/investment-grade tenants. 3919 W First is currently occupied by L&W Supply, one of the nation’s leading distributors of construction supplies and building materials. This property has […]

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  • 3919 W First is a single-tenant asset that is part of our larger Pacific Northwest Portfolio and is one of four high-quality industrial assets with 100% occupancy by three national/investment-grade tenants.
  • 3919 W First is currently occupied by L&W Supply, one of the nation’s leading distributors of construction supplies and building materials.
  • This property has the potential to lower cost basis through near-term spinoffs while offering excess land with future monetization potential.
  • As a supply-constrained market with growing distribution hubs, 3919 W First offers a strong outlook for long-term rent growth.

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    ]]>         2225 NE Elrod https://www.cireequity.com/property/2225-ne-elrod/?utm_source=rss&utm_medium=rss&utm_campaign=2225-ne-elrod Thu, 24 Aug 2023 21:46:17 +0000 https://www.cireequity.com/?post_type=property&p=4104 2225 NE Elrod is a single-tenant asset that is part of our larger Pacific Northwest Portfolio and is one of four high-quality industrial assets with 100% occupancy by three national/investment-grade tenants. 2225 NE Elrod is currently occupied by Bimbo Bakeries, which is a leader in the industrial baking industry. This property has the potential to […]

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  • 2225 NE Elrod is a single-tenant asset that is part of our larger Pacific Northwest Portfolio and is one of four high-quality industrial assets with 100% occupancy by three national/investment-grade tenants.
  • 2225 NE Elrod is currently occupied by Bimbo Bakeries, which is a leader in the industrial baking industry.
  • This property has the potential to lower cost basis through near-term spinoffs while offering excess land with future monetization potential.
  • As a supply-constrained market with growing distribution hubs, 2225 NE Elrod offers a strong outlook for long-term rent growth.
  • Revenue growth can be further driven through negotiated lease extensions, making this an attractive investment opportunity.

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    ]]>         7422 Louetta https://www.cireequity.com/property/7422-louetta/?utm_source=rss&utm_medium=rss&utm_campaign=7422-louetta Thu, 24 Aug 2023 20:57:55 +0000 https://www.cireequity.com/?post_type=property&p=4330 7422 Louetta represents a unique value-add opportunity when seeking a high-quality, turn-key asset in a prime location. Through a 721 contribution, CIRE can take advantage of a 45k SF suite formerly occupied by a strong-performing LA Fitness, providing a solid foundation for a range of potential tenants. One of the key strengths of 7422 Louetta […]

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  • 7422 Louetta represents a unique value-add opportunity when seeking a high-quality, turn-key asset in a prime location.
  • Through a 721 contribution, CIRE can take advantage of a 45k SF suite formerly occupied by a strong-performing LA Fitness, providing a solid foundation for a range of potential tenants.
  • One of the key strengths of 7422 Louetta is the retrofit-to-suit agreement with EOS Fitness on a new 20-year, NNN, escalating lease. This ensures long-term and reliable cash flow, making it an attractive option for stabilizing our diversified real estate portfolio.
  • Moreover, the hard RCD date just six months after closing escrow helps limit exposure to delayed build-out and ensure timely completion of tenant improvements, further enhancing the asset’s value and income potential.
  • With zero comparable properties undergoing construction within a 5-mile radius, 7422 Louetta presents a compelling investment opportunity with a strong competitive advantage. This is further reinforced by its prime location and absence of new competitive inventory, making it a highly desirable asset for tenants and investors alike.
  • Overall, this is an excellent opportunity for CIRE when seeking a value-add asset in a prime location, with the potential to generate steady and reliable cash flow over the long term.

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    ]]>         8001 E Bloomington https://www.cireequity.com/property/8001-e-bloomington/?utm_source=rss&utm_medium=rss&utm_campaign=8001-e-bloomington Thu, 24 Aug 2023 18:18:53 +0000 https://www.cireequity.com/?post_type=property&p=4289 Prime Location: Situated in Bloomington, MN, just outside the Minneapolis-Saint Paul metropolitan area. Key Tenant: Currently leased to Hearing Care Corp. (dba.“GNReSound”), serving as their corporate headquarters and research & development facility. As a premier brand of GN Group, GN ReSound is a pioneer in hearing aid innovation, known for groundbreaking connectivity solutions. Mission-Critical Facility: […]

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  • Prime Location: Situated in Bloomington, MN, just outside the Minneapolis-Saint Paul metropolitan area.
  • Key Tenant: Currently leased to Hearing Care Corp. (dba.“GNReSound”), serving as their corporate headquarters and research & development facility. As a premier brand of GN Group, GN ReSound is a pioneer in hearing aid innovation, known for groundbreaking connectivity solutions.
  • Mission-Critical Facility: The property boasts a generous 7.77-acre lot with room for expansion, low site coverage (36%), and above-market parking (3.7 per 1,000 SF) and also supports all business operations, facilitating advanced R&D of custom-made hearing instruments, collaborative senior management workspace, and efficient warehousing and shipping. Custom-designed to meet GN ReSound’s operational needs, including laboratory production, high-quality office space, and warehousing for their North American product line.
  • Promising Future: GN ReSound has continually upgraded the facility since 2013, demonstrating its commitment to the location. With GN ReSound’s substantial investment in R&D, prime location, and reliable contract rent, the likelihood of lease extension is high.
  • Thriving Submarket: Located in a dense and infill industrial submarket with a record-setting demand, featuring a vacancy rate of just 2.5% and an 8.4% rent growth over the last 12 months.
  • Twin Cities Hub: Positioned within the vibrant Minneapolis and St. Paul metro area, known for its Fortune 500 corporations, cultural landmarks, and thriving economy. This location is also positioned near primary interstates, only four miles from MSP International Airport and a mere ten miles south of Minneapolis CBD.
  • Strong Economic Base: Anchored by a highly educated and diverse labor force, the region experiences a steady influx of new residents, making it an attractive investment destination.

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    ]]>         8840-8880 Evergreen https://www.cireequity.com/property/8840-8880-evergreen/?utm_source=rss&utm_medium=rss&utm_campaign=8840-8880-evergreen Mon, 14 Aug 2023 21:09:51 +0000 https://www.cireequity.com/?post_type=property&p=4239 Prime Industrial/Flex Property: Three-tenant industrial/flex building in Coon Rapids, MN encompassing 262,202 square feet of leasable area on a 22.98-acre site. The asset includes full entitlements for the development of a separately parcelized 33,280 square foot industrial building. Strategic Location: Well-positioned within a thriving industrial and logistics submarket with extremely low levels of vacancy. The […]

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  • Prime Industrial/Flex Property: Three-tenant industrial/flex building in Coon Rapids, MN encompassing 262,202 square feet of leasable area on a 22.98-acre site. The asset includes full entitlements for the development of a separately parcelized 33,280 square foot industrial building.
  • Strategic Location: Well-positioned within a thriving industrial and logistics submarket with extremely low levels of vacancy. The asset also benefits from access to a robust labor pool in the immediately surrounding area. Tenants and employees further benefit from a plethora of large, national retailers in the area.
  • Multimodal Connectivity: The property is located between Hwy 47 and Hwy 610, which see over 22,000 and 74,000 daily vehicles, respectively. Moreover, the property enjoys easy access to major interstate highways I-35, I-90, and I-94 as well as an extensive rail network and two international airports.
  • Thriving Market: The broader Minneapolis-Saint. Paul market is supported by a business-friendly regulatory environment, a well-educated workforce, and a high quality of life driven by cultural, recreational, and sporting offerings.

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    ]]>         3102 Produce Row https://www.cireequity.com/property/3102-produce-row/?utm_source=rss&utm_medium=rss&utm_campaign=3102-produce-row Thu, 27 Jul 2023 19:26:38 +0000 https://www.cireequity.com/?post_type=property&p=4213 Houston Produce Center is a multi-tenant industrial cold-storage property located in Houston, TX. Comprising 408,027 SF of cold storage suites plus several ancillary buildings, the property serves as a critical distribution hub for a diverse tenant base of food packaging and distribution companies. Strategically positioned in a market with a marked shortage of cold storage […]

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  • Houston Produce Center is a multi-tenant industrial cold-storage property located in Houston, TX.
  • Comprising 408,027 SF of cold storage suites plus several ancillary buildings, the property serves as a critical distribution hub for a diverse tenant base of food packaging and distribution companies.
  • Strategically positioned in a market with a marked shortage of cold storage product and immediate access to local and regional highways, including Interstate 45, Texas Loop 610, and Texas State Highway 288.
  • Value-add strategy primarily contemplates improving the efficiency of on-site operations and exploring opportunities to monetize excess land and underutilized buildings.

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