Real Estate Advisors
For over 35 years, CIC Real Estate Advisors has helped clients with their real estate acquisitions. From individual investors with a 1031 Exchange requirement to major corporations looking to expand their portfolios or relocate their corporate headquarters, CIC has been an integral part of the team of advisors working along side of accountants and attorneys to help the investor to realize their acquisition goals.
CASE STUDY NUMBER 1
Client: Brookwood Village Partnership - 1031 Exchange
The partnership sold a 210 unit multi-family property for $13.5 million and had $7.9 million to re-invest in property that would provide at least $550,000 of annual cash flow to the partners. Additional parameters included minimizing risk and management exposure.
Solution: CIC, in association with Cambridge Capital Advisors, identified and negotiated for the acquisition of six (6) single-tenant net leased retail properties within the New England states that were leased to investment grade tenants on long-term leases with no Landlord responsibilities. The aggregate value of the properties totaled $17.1 million. Utilizing conservative leverage (55% LTV), the partnership was able to secure non-recourse financing through a regional banking institution at a favorable interest rate for a 10 year period, thereby increasing their annual net cash flow to $830,000, a 51% increase to the partners.
CASE STUDY NUMBER 2
Client: 4M 16 Commerce LLC - 1031 Exchange
The partnership sold a fully leased office/flex building for $3.6 million and wanted to reinvest in another value-add flex building in the region that initially provided the equivalent cash flow while also providing the up--side opportunity to increase the cash flow by 100%+.
Solution: CIC indentified multiple acquisition opportunities within the 45 day ID period and helped the Investor zero in on the top three. After further helping with the initial Due Diligence, the investor selected the best opportunity for his portfolio, a $4.5 million - 185,000 sf multi-tenant industrial park that was 55% leased. CIC then helped coordinate the financing and closing on the transaction, all within the requisite 180 day exchange period.
CASE STUDY NUMBER 3
Client: COX Engineering Corporation - Corporate Relocation
COX Engineering Corporation, a major HVAC manufacturer, needed to expand production space in order accommodate growth. CIC was called upon to evaluate the current facilities, define the space requirements and design standards needed for the long-term growth of the company.
Solution: CIC developed a multi-stage approach to three different options to fulfill the corporate goals. After considering (1) expansion in place, (2) new construction or (3) acquisition and renovation, CIC and COX company excecutives selected a nearby vacant manufacturing facility with additional land that would allow the company to increase the production space by 75%, and provide future additional expansion. CIC managed the Due Diligence and Acquisition process, facilitated the bank financing, gained the necessary local and state permits for construction and further negotiated a $500,000 tax abatement program with the Town of Randolph for the benefit of COX Engineering Corporation over the initial six years of operation.