Acquisitions

RRB Development Maintains the Following Acquisition Criteria:


Investment & Property Type

  • Self-Storage Centers and/or Light Industrial Buildings appropriate for conversion to Self-Storage use.
  • Land for Retail Development or Self-Storage Development.
  • Excess land, residual parcels, and commercial outparcels included in Masterplanned or mixed-use projects.


Deal Structures

  • All cash transactions, but will consider existing debt and joint venture arrangements.


Transaction Size

  • $1M to $10M for existing cash-flowing properties.
  • Suburban Vacant Land: Minimum of 1.5 acres
  • Urban Vacant Land: Minimum of .8 acres (Market dependent)


Target Markets

  • Southeast with strong preference for secondary and tertiary cities, suburban growth corridors, in-fill markets with supply constraints and Hispanic neighborhoods.


Trade Areas

  • Population greater than 30,000 within 2 miles
  • AVG HH Income minimum of $35,000 within 5 miles
  • High traffic roads and intersections preferred


Requested Materials

  • Site Plan
  • Photos
  • Area Map including traffic counts
  • Demographics
  • Current and Historical Operating Statements
  • Detailed Rent Roll with Sales History
  • Existing Debt Information
  • Current Year In-Place NOI