16,000 square foot multi-tenant industrial property. The plan for
the property was a cosmetic rehab and three to five year hold,
but as Dot-Com elevated values to irrational levels, the property
was sold after 14 months of ownership at close to double
aquisition cost.
8,700 square foot multi-tenant industrial property. The property
was cosmetically rehabilitated and rents were renegeotiated
resulting in extremely high returns during a 10-year ownership
period.
17,000 square foot multi-tenant industrial property. 70% of the
below-market leases were immediately renegotiated upon
aquisition, significantly increasing annual income and allowing
Calvano Development and equity partners to cash out the initial
investment capital in less than six months after purchase. The
property was sold in 2007.
Calvano Development was involved in the purchase and sale of this
102,000 Sq. Ft. Silicon Valley office project purchased for under
$68/ft in 2010. Highlights of the deal include abundant parking
(5+/1000), a prominent, hard-corner location, and three
additional acres of land for future development.
