Opening the doors of Sands Investment Group during the global financial crisis in 2010, Chris Sands has thrived in the face of hard times from the very beginning. He stays committed to investing for success well into the future by focusing on relationships built by win-win deals, collaboration and transparency. In 2020, through its founder’s leadership, SIG doubled in size—gaining recognition as one of Inc 5000’s Fastest Growing Private Companies in America.
Archive for month: March, 2021
Shopping centers can be a great opportunity for commercial real estate investors. They offer variety in tenants, consistent income, and great potential for growth in the future. A shopping center can look very different, depending on the town or city, as well as the types of tenants the center tends to attract. Some may have a lot of chain stores, while others might have mostly local businesses. There may be a mix of retail, grocery stores, clothing stores, and furniture stores. Oftentimes, there can be many moving parts with shopping center investments, as there are usually multiple retail tenants to manage at any given time.
March 12, 2021 – By Chris Sands: Throughout 2020, commercial real estate demonstrated its stability and value despite a wide range of unanticipated challenges. While we can generally understand the market within a 10-year timeframe that includes adapting to market corrections, the global Covid-19 pandemic created a more significant challenge than we’ve seen before in terms of our ability to predict investors’ outcomes.
Sands Investment Group (SIG), one of the nation’s fastest-growing net lease brokerage firms, has completed the sale of a 70,000-square-foot office space in Huntington, West Virginia. SIG net lease broker offer unparalleled coverage of buyers and sectors in commercial real estate – nationwide.
In this transaction, SIG lead broker Teddy Leonard, along with co-broker Matson Kane, were able to assist their client in the successful acquisition of this 70,000 SF Amazon Customer Service property in Huntington, WV despite many challenges that arose in March at the end of the transaction due to the pandemic. SIG got involved on a local level by setting up meetings with local officials, including the Huntington Mayor, and the leaders of the investment group to alleviate concerns the investors had in the deal.
- Amazon Customer Service, Huntington, WV
- Property Type: Office Space
- Client Type: Private Equity Buyer
- Price: $16,851,771
- CAP: 7.00%
- Challenge 1: First large-scale transaction for the Buyer. The Seller needed to be made comfortable with their ability to close the transaction.
- Challenge 2: Asset in secondary market.
- Challenge 3: 70,000 square foot building with large rent presented some challenges to provide sale/rent comps.
- Placed the client goal as a top priority which was looking for an investment grade tenant with a 7%+ yield.
- Pandemic wiped out 30% of the committed money in syndication and buyer had to get creative to find replacement investors two weeks before closing.
Interested in acquiring an office property for sale to add consistent returns in your investment portfolio? SIG handles new loans on locations for clients who are seeking to expand their portfolio and acquire NNN properties in all different niches. When the goal is growing an investment portfolio with specific properties, you can’t trust a typical real estate agency to walk you through the process. SIG is a commercial real estate brokerage firm with a wealth of experience helping clients find, secure, and purchase properties to round out their investment portfolio.
Whether you have medical experience or are just interested in investing in medical offices because they can make a great long-term investment, medical office properties can be a great addition to any commercial real estate portfolio. There are so many different types of medical properties that can be an asset—from small offices for private practice to large medical buildings or complexes.
In 2021, childcare assets are a product type to watch for commercial real estate investment opportunities. These assets are ideal additions to a net lease portfolio that provide long-term benefits and witness current growth as the industry bounces back from the COVID-19 pandemic. Childcare assets commonly provide long-term leases, corporate tenants with valuable reputations, strong operators, and—perhaps most importantly—owners who are highly committed to their businesses. These owners are passionate about their programs as they genuinely want to see children receive a quality education and care at their facilities.