Arizona-Based Streamline Capital Group Launches Third Fund for Class B Office Buildings
Arizona-Based Streamline Capital Group Launches Third Fund for Class B Office Buildings
Elevating the Phoenix Commercial Real Estate Scene
Following the swift success of its initial two ventures, Streamline Capital is raising $15,000,000 for its latest undertaking, Streamline Investment Group III. This fund will acquire 4-6 Class B office properties, leveraging the proven Streamline Process to offer passive investment avenues for individuals and entities keen on real estate assets minus the day-to-day operational hassles.
Streamline Investment Group III at a Glance:
- Investment Name: Streamline Investment Group III
- Investment Type: Multi-Property Fund
- Fund Size: $15,000,000; 300 units available
- Fundraising Deadline: December 31, 2024
- Minimum Investment: $50,000
- Maximum Investment: $2,812,500
- Targeted Internal Rate of Return (IRR): 15%
- Investor Type: Accredited Investors Only
This tailored passive investment endeavor will deliver investors a well-rounded and risk-averse portfolio. Streamline Investment Group III investors will gain ownership of a diverse array of assets meticulously cherry-picked to optimize returns while mitigating risks.
In the wake of the pandemic-induced challenges faced by Class A office spaces, Class B properties situated in suburban locations have thrived, thanks to their smaller footprints and suite dimensions, appealing to companies looking to rationalize operations, accommodate flexible work arrangements and cut costs. Recognizing this trend, Streamline is committed to selectively acquiring, improving, and managing these coveted office properties that house the small businesses and service professionals of our communities.
Revitalizing Spaces: Streamline Companies’ Notable Renovations
In the dynamic realm of commercial real estate, transformation portends success. The Streamline Companies epitomize this ethos through their Streamline process: acquiring and rebranding properties, executing capital enhancements, and refining property management. As a vertically integrated operation, Streamline oversees all facets of this process through Streamline Capital Group, Streamline Development, and Streamline Asset Management.
Streamline has already made waves in the Arizona market with the acquisition of a two-building complex totaling 38,000 square feet, rechristened as The Grand on 44th, in the Arcadia Lite neighborhood. This property underwent nearly $1 million in renovations to modernize the facility and convert vacant spaces into ready-to-move-in suites, sparking excitement in the community.
Additionally, Streamline acquired an 18,500-square-foot office building on Power Road in Mesa that was 93% occupied at the time of purchase, rebranding it as Twelve 34 South Power and executing capital improvements to cater to existing medical and professional tenants.
Streamline CEO David J. Hrizak emphasizes a precise and discerning approach to property investment, grounded in thorough due diligence and effective underwriting. Drawing from his extensive experience as both a broker and a general contractor, Hrizak brings a unique perspective to property evaluation, considering nuances often overlooked by peers. His adeptness in assessing rental rates, managing operating expenses, and accurately forecasting capital and tenant improvement costs consistently ensures reliable and accurate projections, fostering trust among investors and lenders.
SIG III brings excitement to RE Investing
The Streamline Investment Group III portfolio will encompass a diverse array of assets demonstrating robust growth potential and stability. These assets will be selected based on rigorous analysis and due diligence to align with the investment strategy and objectives. Recognizing the varying financial goals and risk appetites of investors, Streamline has set a minimum investment threshold of $50,000, enabling investors to tailor their participation to individual needs.
Backed by a team of seasoned professionals committed to achieving a targeted Internal Rate of Return (IRR) of 15%, Streamline Investment Group III promises to be an exciting investment opportunity. With the fundraising window limited, interested parties are urged to act promptly to secure their investment by contacting Streamline Capital Group HERE.