What we buy
Acquisition Criteria
These are screening criteria, not a wish list. A property that meets them gets a fast, serious look. A property that misses gets a straight answer instead of a maybe.
| Property type | Multi-tenant commercial flex and small-bay industrial. Metal or pre-engineered construction preferred. Other multi-tenant small-bay industrial and warehouse considered on the same terms. |
|---|---|
| Building profile | Multi-tenant, generally under 10,000 square feet today and scaling with the program. Unit count and building size are flexible where the fundamentals hold. |
| Geography | Tampa Bay primary, with particular focus on eastside Hillsborough. Expansion along the I-4 corridor into Polk County and the I-75 corridor into Pasco and Manatee Counties. |
| Purchase price | $500,000 to $1,000,000 near term. The program scales toward $2,500,000 per asset as the portfolio builds. |
| Preferred attributes | Off-market or lightly marketed. Sites with land supporting an additional building. A clear value-add angle through leasing, light renovation, or operational improvement. |
Hard exclusions
What we do not buy
- Multi-family residential
- Brownfield sites
- Anything inside a Special Flood Hazard Area
Flood is a hard screen, not a pricing input. It has been since Helene.
Process
How we transact
Sandmark buys with private capital and a single decision-maker. There is no fund to call capital from and no partnership to assemble, so our equity is settled before we make an offer and our answer never waits on someone else's committee.
Each property is acquired in its own single-purpose entity. We underwrite to income in place today and treat a pro forma as a hypothesis to test, not a number to accept. If our read differs from the broker's, we will show our work.
We would rather give a fast no than a slow maybe.
Have something that fits?
Send it over. Off-market and lightly marketed opportunities are welcome.
deals@sandmarkcapital.com