Investment Criteria
Magellan is aggressively seeking investment opportunities. Our property criteria include:
- Traditional value-added industrial buildings, often older (Class B or C) manufacturing and single or multi-tenant warehouse/distribution facilities, requiring repositioning through entitlements, rehabilitation, expansion, environmental mitigation and/or tenant improvements.
- Conversion opportunities of older and/or functionally obsolete manufacturing plants (Class B or C) into a higher and better use, which might include conversion into warehouse/distribution buildings, build-to-suits, small industrial buildings for sale, self storage, retail, office or mixed use.
- Development opportunities including ground-up or conversion into for lease or for sale properties–focus on warehouse/distribution buildings, build-to-suits, small industrial buildings for sale.
- Industrial properties with below market rents or credit risks and rollover opportunities. These properties should be located in well-established or improving infill submarkets bolstered by positive market dynamics.
Geographic area: Western U.S. with a primary focus on California.
Minimum Purchase Price: $2,500,000
Maximum Purchase Price: $100,000,000
Please contact the following acquisition personnel for property submittal:
Martin Slusser
Tel: 310-227-8337 x11
Email: mslusser@magellangrp.com
Kevin Staley
Tel: 310-277-8337 x10
Email: kstaley@magellangrp.com
Somy Mukherjee
Tel: 310-277-8337 x18
Email: smukherjee@magellangrp.com