Laguna Niguel, CA – (June 24, 2014) – Avistone, LLC announces the acquisition of the West Tech Business Center, a 57,000 square foot multi-tenant industrial/flex project located in San Antonio, Texas. “At 91% occupancy, a strong in-place cash flow and a purchase price of approximately 60% of replacement cost, the West Tech acquisition meets all of Avistone’s strict investment criteria, which optimizes yield, return and risk. Additionally, we like the San Antonio market for many reasons including its growing population base and close proximity to the recently discovered Eagle Ford Shale formation which is a 400 mile long hydrocarbon formation rich in oil and natural gas fields.” stated Daniel Culler, Avistone’s Managing Principal.
“Presently, we are actively pursuing stabilized and value-add multi-tenant industrial projects priced from $10 million to $20 million located in major and secondary markets within the Western US.” Avistone is a real estate investment firm that specializes in the acquisition of high-yielding and value-add multi-tenant industrial parks located in rapidly growing markets. The principals of the firm have more than 50 years of combined experience acquiring and managing commercial real estate investments on behalf of individual and institutional investors. Avistone’s expertise is the acquisition and management of commercial assets that optimize yield, return and risk for its investors. If you would like more information regarding this acquisition or Avistone, please contact Daniel Culler at 949.682.7202 or via email at firstname.lastname@example.org.