Strategy #1: Opportunistic
Value-add and development plays where value is created through lease restructuring, repositioning, and development.
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Single-tenant and multi-tenant retail; ground-up pad and strip development; vacant conversions/backfills; lease restructuring.
Single Tenant Industrial; vacant conversions/backfills, lease restructuring. -
Primary and Secondary MSA’s nationally, with a preference on the Western United States.
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$1M–$25M*
*Deals outside this range will be considered on a case-by-case basis.
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Preferences include short-term or expiring leases with zero to one option periods remaining, vacant or dark single-tenant buildings with strong underlying real estate, undeveloped land and oversized parcels with carve-out or pad development potential, mark-to-market opportunities on below-market single or multi-tenant rent rolls, and lease-up plays in multi-tenant centers with identifiable tenant demand.
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Shops @ the Dunes — Marina, CA
Fisher’s Landing Plaza — Vancouver, WA
Lighthouse Multi-Tenant Retail — Monterey, CA
Strategy #2: Core
Income-producing retail and industrial properties where real estate quality and basis drive the decision.
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Single-tenant and multi-tenant retail.
Single-tenant industrial.
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Primary and Secondary MSA’s nationally, with a preference on the Western United States.
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$3M–$15M*
*Deals outside this range will be considered on a case-by-case basis.
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“A” quality real estate on large parcels with strong fundamentals: signalized corners, superior ingress/egress, high visibility, generous lot coverage, and strong tenant synergy within the trade area.
Low basis is paramount: we prioritize acquisitions where the purchase price is supported by market rent on a standalone basis, such that the real estate performs independent of any single tenant’s continued occupancy.
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Lucky Supermarket — Sand City, CA
Sakata Seed — Marina, CA
ABC Supply — Fort Worth, TX
Why Partner with SKN Properties?
Speed to Close
As a family-owned and operated commercial real estate firm, we have a streamlined decision-making process.
Diverse Experience
We have worked with over 100 different national tenants, giving us deep insight into what makes a site successful.
National Reach, Local Expertise
While headquartered in California, our active management in six states ensures we understand local market nuances.