H&H Cabinets
Closed end of 2022, 4 years left on a 5 year absolute NNN lease. First distribution Jan 2023.
Multi-Tenant Airport
Purchased 5 building portfolio after months of negotiations and follow up. Large value add project and lease up, purchased at 64% occupancy and 12% loss to lease.
Utica Leaseback
Sale/Leaseback with local business J&J Appliances. Purchased at 10 cap, but will have vacancy because leaseback is short.
49th Industrial
This is a 10.9 cap deal and appraised $110,000 over contract price. Expected cash on cash returns are 18% and total annualized return over 25%.
Eastside Mobile Home Park
While Deren’s focus is now Industrial real estate, his first commercial property was a 25 unit mobile home park. He took occupancy from 39% to 96% and hs increased the NOI over 300%.
More Coming Soon…
© 2022 Deren Huang