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    • Our Team
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  • Targets
  • BTS
  • SLB
  • Contact
  • Our Team

target investments

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Condor is focused on acquiring cold storage properties with the following characteristics.

  • Industrial warehouse distribution facilities at least 20% improved with cold storage or food related infrastructure.
  • Existing industrial warehouses with heavy power (at least 2,000 amps per 100k SF).
  • Ideally post ~1990's construction, logical layouts, Class B or better.

Structured for a variety of deal strategies.

  • Acquiring in-place leased investments with stable cash flow.
  • Acquiring assets with existing or scheduled vacancy.
  • Renovations of second-generation cold storage properties.
  • Conversion / repositioning of existing facilities.
  • Build-to-suit development.
  • Sale-leasebacks and other tenant financing structures (see our SLB page).

Focused on major population centers.

  • We are focused on infill locations within 30 miles of major population centers.
  • Our Tier 1 target markets include California, Phoenix, Las Vegas, Portland, Seattle, Denver, and Salt Lake City.
  • Will consider strategic acquisitions and developments in other markets.

Target tenant profile.

  • Grocery distributors, foodservice distributors, direct-to-consumer companies, e-commerce distributors, third party cold storage warehousers, beverage distributors, growers, and other perishable products distributors (including pharmaceutical, chemicals, etc.).

Minimum deal size $10M.

  • Will consider both individual and portfolio acquisitions.

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