I Have Buyers, Buyers, Buyers---Updated Buyer Criteria

Thursday, July 23, 2015

I Have Buyers, Buyers, Buyers---Updated Buyer Criteria

Buyer Criteria Sheet- Jim Young, CCIM 512-565-7509 jim@longbowre.com

I have bona fide buyers, who are repeat clients. Please email me about any product you have that may be a fit. I can write my offers with your fee in the deal.

Client #1- email me

Asset Type: MultiFamily Value-Add, Class B&C, 200+ Units
Location:

· Austin-anywhere

· DFW-Infill, nothing south of I-30

· San Antonio: North Central between Austin Highway to I-10, and Medical Center Area

· Houston: West Houston, North of Westpark.

Age: Pre-2000 Construction

Additional Info: Under 25% renovated, Rents Below Market Preferred

Client #2- email me

Asset Type: Retail or Multifamily Assets-stabilized with good cap or value add.
Location: Austin, DFW, San Antonio
Min Cap: Low cap if below market rents or value add possible
Additional Info: Retail $2,000,000 - $7,000,000 or Multifamily 150-300 units

Client #3- email me

Asset Type: Multifamily or Condo Land
Location: Austin, San Antonio MSA
Price: Negotiable to Area
Size: 1-50 acres depending on CBD or Suburban
Additional Info: Client likes land that is in a strong retail, or other area with a draw/pull to the site which will keep the occupancy high during economic downturns. Client can fee develop on their own, and will JV with existing owners to get great sites.

Client #4- email me

Asset Type: Class B Value Add Multifamily
Location: Primary or Tertiary Markets Good
Price: $5-$30M
Size: 100 Units
Age: 1985-2000

Cap Rate: Not As Important as the Value-Add story
Additional Info: below market rents, or deferred maintenance is how our client can reposition the asset.

Client #5: email me

Asset Type: Value Add Office or Any Other Income Producing Asset
Location: Austin/San Antonio
Price: $5-$35M
Size: N/A
Cap Rate: 4.5% cap or better/ideally offset carry costs
Additional Info: Client is a private investment group that has repositioned apartments into condo sales, and done value add on downtown Austin office buildings.

Client #5 email me

Asset Type: Retail Centers
Location: Tertiary Markets: Temple, Waco, San Marcos
Price: $2-$5M
Size: N/A
Cap Rate: vacant to 60% occupancy
Additional Info: Client does value add remodel to older retail centers.

Client #6: email me

Asset Type: Existing Office
Location: Austin- Westlake to Arboretum along Mopac over to I-35
Price: $250-$375/sf
Size: 20,000+ sf
Cap Rate: Open-
Additional Info: Buyer seeks site to purchase an office building that will eventually owner occupy 8-10k sf and lease the remainder of the 20,000 sf+ or more.

Client #7 email me

Asset Type: Single or Multitenant NNN Retail

Location: Austin MSA, Bastrop, San Marcos etc
Price: $2-$7M
Size: tbd
Cap Rate: 6.5% cap or better
Additional Info: Buyer seeks strong credit tenants like Jiffy Lube, Einstein’s, Starbucks, etc.