Linda Day Harrison

VERIFIED
Title: Founder
Licenses: IL Lic # 475.127424
Location: Las Vegas, NV
Member since: Oct 18, 2011
theBrokerList

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Have a 1031 Client with $19mil in Cash from Exchange. Looking for NNN Sites in California
May 30, 2023

Have a 1301 Client with $19mil in Cash from Exchange.

Looking for NNN Sites in California or Western U.S. Wants at least a 5% Cap in CA and higher elsewhere. Ready to make offers on the right sites.

Call me at 714-392-0806 or email me at mel.wagstaff@gmail.com for a Criteria Sheet of what my client would consider.

Here is what he's looking for....

Client will have $19 million of Cash to Invest.
Will buy one or multiple Properties

  1. Location: Anywhere in the USA, according to 1031 Exchange guideline, but preferred in Orange county, Ca or highly growing development area.
  2. Acquisition Price Range per property: $3mm to $15mm
  3. Type of Tenant: a. Single franchise Tenant. (such as Albertson, CVS, Bank, etc.) b. Fast food type of restaurant with drive thru. (Such as McDonald, Starbucks, In/Out, etc) c. Industrial Warehouse (Distribution Center). d. Medical facility (Urgent Care, hospital, etc), etc. e. Mix use of strong franchise tenants (4 units or less) (if it is located in the S. Cal area). Since the property management fee can pass on to the tenant as NNN cost, we can hire PM Company to manage the property for us and I can monitor them if it is closed by.
  4. Type of Rent: Triple net (NNN). Tenants pay for all property tax, insurance, and common area maintenance. If it is a single tenant, then the tenant takes care of all the above expenses themselves, no landlord management is needed. But if it is more than one tenant, then there will be a lot of work for us to manage the property and pass on to the tenant at the end of year. But we can hire a local management company to manage and calculate and prorate all the NNN charge to the tenants. Unless there is a vacancy, then the owner aborts the CAM charge for the vacant unit.
  5. Location type: Class B or above with very low crime rate area, and not within earthquake, flood, tornado, environment hazard or fire zone area. Orange County preferred.
  6. Cap Rate: Minimum of 5%, it also depends on the type of tenant and location.
  7. All Cash and will close on or before 2/13/2024. 8. Year Built: 30 year or less, unless it is the tenant's full responsibility to repair all their building defects.

Mel Wagstaff KW Commercial Specializing in Land & Commercial Corners Cell: 714-392-0806

Property Types: Big Box Retail,Convenience Center,Convenience Store,Lifestyle Center,Neighborhood Center,Open Air Center,Restaurant,Single Tenant Retail (NNN),Mixed Use,Free Standing Building
States:
For Sale Properties

Sold/Leased Listings

Leased!
6th and 6th Art/Retail/Office: LEASED
Parties: Linda Day Harrison, Christopher Sauer
Kent Simpson
Location: 450 N. 6th Ave, Tucson, AZ, 85705
Comments: Leased for one year to computer software/hardware group.
Date: Mar 19, 2015
Transaction Amount: $50,400

Contact

Location:
Las Vegas, NV
Websites:
LinkedIn  Twitter Published Articles Instagram Snapchat Facebook Blog
Phone Numbers:
Cell:
(312) 671-2400
Fax:
(312) 380-0383
Office:
(312) 212-3611

My Markets

Countries:
United States
Metro Areas:
Chicago IL

Concentration Areas

Concentrations:
Consultant, Marketing, Technology
Property Types:
Multi Tenant Office
Years of Experience:
30

Brief Profile

Chicago commercial real estate professional who has delved into the #cre technology aspect of the industry. Blogs, tweets, connects. Founded #tBL.

Full Profile

Linda Day Harrison founded theBrokerList.com in an effort to create efficiency and streamlined operations for the commercial real estate industry, property and facility management, leasing and brokerage.


As a part of Linda's other work, she also founded ManagerLabs and with this group, she is developing web applications, with a team of programmers to solve some complex processes in the commercial real estate and property management industry. Linda is currently working with one of the largest pm firms in the Chicagoland market as a beta client for one of her initiatives. In addition, Linda is working with real estate company owners and other business models to identify the path those firms should take to embrace technology in today's rapidly and constantly evolving environment.


In addition to technology and general consulting, Linda has most recently been providing services to BOMI in the transition and creation of course material to its new online formats. Linda was selected to perform online instruction services for this newly developed course. Linda's most recent task for BOMI included being the first online instructor for the highly sought after Fundamentals of Real Property Administration course, which was taught for the first time in BOMI history in the fall of 2011, using the newly developed online course material.


Linda contributes more than 25 years of professional commercial real estate experience gained in suburban and central business district office and mixed-use buildings, condominium conversion and management, commercial and residential leasing, commercial and residential management, repositioning and marketing for the disposition of commercial properties. Linda has earned an outstanding reputation as an exceptional professional service provider who has raised the bar among colleagues and peers.


A visionary strategist, she directed the redevelopment and repositioning of a major Chicago high-rise office building, on behalf of the National Association of Realtors (NAR), that dramatically increased its value. She was awarded special honors and recognition for her innovation, commitment and execution, by the NAR.


Linda is a graduate of DePaul University in Chicago and serves on its alumni board. She has earned the professional designations of CPM and CCIM Certified Property Manager and Certified Commercial Investment Member from the Institute of Real Estate Management and the CCIM Institute. She holds an Illinois real estate license.


Testimonials

~Linda followed up totally impromptu and gave me and my business partner excellent advise regarding our database strategy. Linda is forceful, knowledgeable, and very insightful. ~Wolf Baschung, CCIM KW Commercial


~Linda has always been extremely helpful! Her activity on her LinkedIn Group illustrates this point. Linda understands the meaning of customer service. She delivers! Thank you, Linda, for your assistance when I was with CABA and now at Building Technologies. Your knowledge of the property management industry is very valuable! ~Donald O'Connor Building Technologies


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