Industrial Repositioning
A real-world example of what the ARID program looks like in practice.
A 24,005 square foot industrial asset in Mesa. The largest tenant filed for bankruptcy, leaving a 73-year-old owner with a vacant building, $157,000 in deferred maintenance, and no income. Rents had been below market for years.
ARID funded all capital improvements, managed construction, and executed a new lease. The owner contributed no capital and made no day-to-day decisions. Five months from acquisition to stabilized asset.
$252K
Annual Rent
+27%
Value Increase
$4.455M
Stabilized Value
Mesa, Arizona — 24,005 SF
