The Box

Buy box

Asset typesVeterinary hospitals and clinics · outpatient medical and dental · light industrial, flex and small-bay
Purchase price$750,000 to $3 million. Sweet spot $1.5M–$2.5M. We will look above the range where the fundamentals warrant it.
Property size5,000–30,000 SF
Occupancy80–100%, stabilized or a clear lease-up path
Remaining termAt least our hold period plus five years. WALT for multi-tenant.
GeographyPennsylvania and New Jersey primarily. Broader Mid-Atlantic considered where it is a submarket we already operate in.

What we will look at hard

  • Off-market and lightly marketed situations
  • Single-tenant assets with real remaining term
  • Multi-tenant where rollover is staggered, not clustered
  • Sellers who need certainty and a date more than the last dollar
  • Buildings that would re-lease or sell to an owner-user if the tenant left

What we will pass on

  • Ground-up development or speculative lease-up
  • Deals that only work on a refinancing
  • Assets with a single category of buyer at exit
  • Short remaining term with no path to extend at closing
Full Criteria

The complete screen, on request

Rent coverage, guarantor standards, escalation minimums, leverage and going-in yield thresholds are not published here. Ask and we will send the full acquisition criteria. It is a one-page document and we send it to any broker who wants it.

Acquisitions

William Fink

Buy-box inquiries, off-market opportunities and broker submissions.

We pay full co-broke and we do not go around a broker on a deal they brought us.

Have a building that fits?