Pace's experienced acquisition team can handle all types and sizes of properties. We operate several funds which can complete all cash closings through existing lines of credit and have the ability to assume existing debt. We are able to complete transactions quickly with short due diligence periods.
Multi-tenant Retail
- Primary focus on Missouri, Illinois, & Kansas
- Populations of at least 100,000 or located within a major university town
- Total cost between $8 million & $30 million
- Located in viable retail trade areas
- Priced at or below replacement cost
- Good access and visibility from major arteries
- Will consider properties with significant vacancy
- Fee simple ownership only and not subject to REA restrictions
Single-tenant Retail
- Populations of at least 1,000,000, state capitals, or major university towns
- Located in viable commercial trade areas
- Good access and visibility from major arteries
- Will consider an empty building
- Lease rate at or below definable market rate
- No more than 20 years of total lease control (fixed term plus options)
- No pre-determined tenant credit criteria, remaining lease term, or cap rate requirements
Industrial
- Existing industrial buildings, preferably built after 1980
- Value-add opportunities, determined by a vacancy of 20%+, some curable obsolescence, or poor marketing/dealmaking
- Transaction size of $3 million - $30 million
- Single free-standing buildings or portfolios
- Single and multi-tenant buildings
- Sale-leaseback or corporate excess property situations
- Preferred markets are the Southeast, Midwest, Texas, and Colorado
Office
- Existing office buildings, preferably built after 1980
- Value-add opportunities, determined by a vacancy of 20%+, some curable obsolescence, or poor marketing/dealmaking
- Transaction size of $8 million - $50 million
- Single free-standing buildings or portfolios
- Single and multi-tenant properties, but must accommodate multi-tenants
- Sale-leaseback or corporate excess property situations
- Preferred markets are:
- Midwest - Cincinnati, Columbus, Denver, Indianapolis, Kansas City, & St. Louis
- Southeast - Atlanta, Birmingham, Charlotte, Jacksonville, Louisville, Nashville, Orlando, Raleigh, Richmond, & Tampa
- Southwest - Austin, Dallas/Fort Worth, Houston, Phoenix, & San Antonio
