Affiliates of Wyatt Capital, LLC acquired this 24,000 sf office/warehouse in November 2017 for $1.675 MM in an off market transaction with a seller. The building was 100% occupied at the time of acquisition with minimal term remaining by a tenant who promptly vacated within a few months upon its lease expiration. Wyatt leased the building immediately on a long term lease to a credit tenant after replacing the roof and making other base building improvements and intends to hold the asset indefinitely.
The ability to make sound investments in the real estate asset class is based upon a consistent and intense effort in both seeking and recognizing opportunities, market presence, intelligent evaluation of accurate information, precise application of relevant information, understanding downside risk, efficiency of process, and the capability to acquire assets at defensive pricing within a margin of safety to allow for changing market conditions that affect asset values over time. We seek market and seller inefficiencies that allow for a favorable investment to occur and take pride in undertaking a disciplined and thorough investment process in an unbiased and objective manner to determine whether to make an investment or not.