Portfolio Leasing Advisor
Caster Business Park
363,412 SF Industrial/Office/Retail
Assignment: Struggling with well below market occupancy, inconsistent lease types, and dated marketing, this long time family owned and operated business park was in need of a multi-faceted plan of attack to increase income and stabilize this large commercial real estate asset.
Increased Occupancy from 73% to 97% within 2 years of listing business park
112,224 SF of new deals/renewals completed in 2019
Consistent implementation of Plan of Attack has increased NOI by over 47%
Looking for a boots on the ground brokerage team
that doesn’t just put up a sign and wait for the phone to ring?
Mission Corporate Center
60,0000 SF Office
Assignment: This County of San Diego anchored multi-tenant office project had numerous operational challenges and complicated income & expense reports to untangle. PIT was tasked with clarifying and showcasing the upside of both the surrounding area and the rent roll to achieve maximum pricing.
Carefully implemented marketing plan created incredible demand
Generated multiple offers at or above the asking price
Retained as leasing advisors to carry out PIT's upside vision
Interested in a broker opinion of value for your commercial investment property?
Retail Center Stabilization
19,816 SF Retail Center
Assignment: Before PIT, this 10 Tenant Retail center had lower than market Lease rates and higher than market vacancy rates.
Increased Occupancy from 56% to 87% in 6 Months with aggressive marketing plan
Negotiated 8 New Lease deals or > 50% of the Building
Implemented consistent NNN Leases enabling Ownership to recapture previously lost income
Do you know the average market rents and expenses Tenants are paying in San Diego?
16,800 SF Industrial Building On .82 AC
Assignment: After being owned by the family for 50+ years, this generational commercial asset included dated buildings well past their useful life. The client was in need of advice on how to truly value the property and navigate a complicated 1031 exchange timeline.
Received initial pricing feedback from extensive investor/ Buyer List
Generated multiple offers from extensive investor/developer Buyer List
Sold Off-market to developer well above appraised value
Own a property that has been in your family for years and not sure what it’s worth?
Former Sharp Laboratory
16,000 SF Industrial Building
Assignment: Sharp Labs Research was a long time Tenant who decided to consolidate operations offsite. Our Client’s options were a costly repositioning of the asset or consider selling based on the recent Morena Corridor Specific Plan up-zoning. Purchased by University of San Diego (USD).
Morena Station density increased to 73 DU/AC greatly increasing the properties’ value
Our team aggressively targeted investors in neighboring areas
Achieved top of the market pricing and multiple cash offers
Want to be the first to hear about Off-Market San Diego Investments for Sale?
10,870 SF Retail/Industrial
Assignment: PIT, along with PCC’s property management division, worked together to create an aggressive plan to improve the building and increase overall tenant quality and rents.
Helped the Current Owner to Purchase and Redesign the Property
Negotiated Three New Lease Deals with Stronger Quality Tenants
Increased revenue by 26%
Interested in learning about creative ways to reimage your asset?
Former Mission Valley Cafe
4,640 SF Retail
Assignment: Client had restaurant tenants for decades in one of San Diego’s most trafficked markets, however turnover and tenant improvement expenses were high.
Market and Zoning Research revealed other potential highest and best uses for the site
Generated Multiple offers from various industries
Increased Income 42% with “Amazon Proof” Daycare
Are you maximizing your property's value or would it benefit from an Internet Resistant business?
Increased Income to Sell
21,980 SF Office
Assignment: PIT was the long-term advisors to the owner of the property who decided to retire and sell his building so he could spend more time with his family and grandkids.
Proactive Asset Strategy increased NOI to Command Premium Pricing for Asset Class
Bidding war created
Long Term Leasing advisors
Want to make sure your property achieves a top of the market sales price?
Birkenstock of San Diego
12,215 SF Retail/Showroom & Warehouse
Assignment: PIT was brought in to bring life to a stale listing and develop a creative marketing strategy to reposition and flip the asset for an out of state investor.
Repurposed Former Expansive Fish Aquarium Store Including Sales and Distribution
Purchased by Birkenstock for Sales and Distribution with Small Wholesale Component
Achieved Top of the Market Pricing
Would you like to discuss how to reposition your owner/user property?
Family Auto Service
Multiple locations throughout San Diego County
Assignment: This incredible husband/wife ownership team was too busy running the day-to-day to search for additional locations, but they still wanted to expand their reach in San Diego.
Helped tenant to justify a below market rent in a lease renewal negotiation
Researched and secured a long term lease opportunity with an owner that was previously convinced she would accept a purchase offer from a developer
Advised in the successful purchase of Family Auto Service’s 4th location despite dealing with the Seller’s contentious partnership split
Is your business looking to Renew, Expand, or Purchase?
25,000 SF Industrial/Retail
Assignment: PIT assisted our client to complete a 1031 Exchange out of a dated multi-tenant auto center and an out of state restaurant property into one hands off single tenant investment.
20+ Years of Lease Term Remaining
Led client through complicated multi-property, multi-state 1031 exchange timelines
Helped to reset depreciation schedule and increase annual cash flow
Are you looking for a more hand’s off investment and are interested in learning more about a 1031 tax deferred exchange?
Out Of State Consultant
Government Agency - Bend, OR
30,000 SF Office
Assignment: Client sold long time family investment in California with the desire of moving his money out of California. Our team heavily researched various up and coming markets outside of the State to find suitable options.
$6,050,000 of larger multi-property exchange completed with Bend, Oregon Investment
General Services Administration (GSA) as anchor Tenant
Our team successfully consulted and helped client close transaction even though only licensed in California and Arizona