Redwood Storage seeks vacant buildings or those with short term leases in place at low rental rates.
Redwood Storage seeks to acquire 20-100k sqft vacant industrial buildings. We target properties with clear heights greater than 22', 3 phase power, multiple-docks doors, with ample parking, ideally a laydown yard, and most importantly, incredible highway access.
The ideal investment opportunity is a 20,000-100,000 sqft vacant building located off i85, 485 (Charlotte), or 285 (Atlanta).
Redwood Storage capitalizes on properties with below market rents and short lease terms. We are ok with taking turnover risk and lower up-front cash flows in exchange for higher cashflows in the future.
Similarly, we will will offer sale leasebacks with very favorable terms for sellers in exchange for a lower basis. We like to buy by the pound and sell on a cap rate.