McDonough, GA 30253
161 Units - 25,000SF
Built in 1995 this 24-hour self storage facility sits on a 116,436 sf lot . The facility is well maintained, typically fully occupied, and below market rents in a rapidly growing community. Storage units range from 5'x5' to 20'x20'sf and include some climate controlled units.
Newnan, GA 30263
234 Units - 32,880 SF
Built in 1980 this 24-hour self storage facility sits on a 91,912 sf lot. Units range from 6'x10' to 20'x20'sf and include some climate controlled units.. Multiple sources of income including extra parking spaces for rent. Currently in the process of adding 92 additional units.
The Mullen Farm is a 169 acre vegetable, alfalfa, and sugar beet farm in Imperial County, California, one of the most fertile and productive agricultural regions in the U.S. The Mullen Farm itself is well suited for growing a variety of crops, including but not limited to alfalfa, onions, sugar beets, broccoli, cauliflower, cotton, and sugar cane, as well as numerous grasses and seed crops. This crop optionality offers adaptability to market conditions. The farm is located in the Imperial Irrigation District, which is serviced by senior water rights on the Colorado River. In years with limited water, senior rights guarantee Imperial County some priority in water allocation. The farm receives water by way of the Mullen Canal, Gate 10.
The Huntsman Avenue Pistachio Orchard is an 86.61-gross-acre/85-planted-acre pistachio orchard in Fresno County, California near the city of San Joaquin. The farm is a high yield pistachio orchard reaching full maturity in a highly attractive irrigation district with historically secure water. The property was planted in 2013 to the Kerman pistachio variety, first introduced to the United States from Iran. Kerman pistachios are the most widely grown variety in California’s Central Valley and are known as the industry standard.
Erie Farm is a 146 acre corn and soybean farm in Miami County, Indiana, just north of the Wabash River. The region receives around 40 inches of rain annually, an ample supply for row crop production, and this property’s evenly sloped terrain facilitates easy drainage.
This farm has been in a consistent corn and soybean rotation in recent years, but its soils are suitable for a broad variety of grains and vegetables, from popcorn to tomatoes.
Erie Farm’s soils consist of Blount and Glynwood silt loams as well as Pewano clay loam.
The Odell Farm is a 393 acre corn and soybean farm located in Livingston County, Illinois. Livingston County ranks third in the state in agricultural production. Located near a major highway (I-55) in one of the country’s strongest farming regions, the farm consists of 372 tillable acres of cropland carrying a Productivity Index (PI) rating of 116.5. The farm’s soils consist primarily of Bryce silty clay and Swygert silty clay loam, deep, glacial soils that are ideal for consistent growing.
The Chaney Pistachio and Almond Farm is a 487-acre farm located in Fresno County, California. The property consists of 383 acres planted as almonds and 75 acres planted as pistachios. The pistachio crop is sold to The Wonderful Company, the world’s largest processor of pistachios. The farm lies within two irrigation districts that have multiple sources of water, including Central Valley Project contract, riparian rights, Kings River water rights and wells/groundwater. Given the farm's strong water position, potential CA water issues and resulting commodity price increases makes the farm a desirable asset.
Lakewood, CO 80214
51 Pad Sites
Lakewood Village Estates is a manufactured housing development less than 5 miles from the Denver Central Business District. The community has 51 pad sites and 2 apartment units. Seven of the homes are park owned. The development is 98.1% occupied with an monthly rental rate of $720. Capital improvements will be made to make this asset a turn-key investment for an institutional buyer.
Lakewood, CO 80214
31 Pad Sites
Mountain Aire MHC is a manufactured housing development less than 5 miles from the Denver Central Business District. The community has 31 pad sites and 3 apartment units. One of the homes are park owned. The development is 100% occupied with an monthly rental rate of $700. Capital improvements will be made to make this asset a turn-key investment for an institutional buyer.
Arlington, VA 22202
300 Units
Millennium Apartments was built in 2010. The apartment complex is less than 100 feet across green space from Amazon HQ2 in Arlington, VA. Amazon chose this location for HQ2 due to its proximity to retail, office space, top universities, talent pool, and Ronald Reagan National Airport. Amazon has plans and incentives to hire at least 25,000 employees by 2030 with expected average annual salaries of $150,000 in order to receive $550 million in tax incentives. If Amazon hires a total of 37,850 people for HQ2 by 2035, it could get another $200 million in tax incentives. $17k+/unit and an additional $2.25 million on common area improvements will be spent to transform Millennium Apartments into the premier asset in the area and the one best positioned to capture the growth potential generated from Amazon HQ2.
Chicago, IL 60606
29 Story
200 West Jackson is a 29-story office tower directly adjacent to the CTA Quincy station, which is currently undergoing an $18M renovation. 200 West Jackson offers cash flow stability provided by a well-diversified and granular rent roll with weighted average lease term of 9.5 years. The anchor tenant is Nielsen (NYSE: NLSN), a global leader in the understanding of consumer behavior. Nielsen has no contraction or termination rights and lease term through 12/2034 for 44% of the property. 200 West Jackson is 83% occupied and projected to generate double digit annual cash-on-cash returns for the next 10 years even without leasing current vacancies. Given the long-term leases at the property and limited future rollover, 200 West Jackson is an attractive target for an institutional investor.
Terrapin Capital Partners
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