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Acquisition Criteria For Residential and Commercial Properties
Triple Crown Corporation targets properties in major markets with good to great locations within that major market.
| RESIDENTIAL PROPERTIES | COMMERCIAL PROPERTIES | |
|---|---|---|
| DISTANCE | 3-hour drive or direct flight from corporate office | 3-hour drive or direct flight from corporate office |
| SIZE | +/- 200 units out of Harrisburg; +/- 100 units in Harrisburg | + $5,000,000 outside of Harrisburg market; +/- $5,000,000 in Harrisburg |
| CAP RATES | 7.45% | 7.45% |
| DCR | 1.2 | 1.2 |
Note: for financing, most lenders expect a 1.2 DCR with 20% down payment | ||
| AGE | 1980’s or newer unless market dictates otherwise (Value Added)** | Consider on a case-by-case basis; flexibly opportunistic |
| CONDITION | Case-by-case | Case-by-case |
| TARGET OPPORTUNITIES | Primary: garden-style, townhouse Secondary: vertical urban and city locations may be considered | Primary: suburban industrial flex warehouse/office and office buildings; build-to-suit; stabilized property |
**Triple Crown Corporation will target well-located properties that are under managed or present a value enhancement opportunity through interior and/or exterior renovation.
Triple Crown Corporation’s vision is expanding our markets as a recognized high quality, best value real estate services provider.
If you have a residential or commercial property to sell or know of someone who does, please contact Deb Hodges, COO, at 717-657-5729 or use the form below to submit your information. Thank you!
We Buy Land Information
Triple Crown Corporation targets land in major markets with good to great locations within that major market.
If you have land to sell or know of someone who does, please contact Deb Hodges, COO, at 717-657-5729 or use the form below to submit your information. Thank you!
Contact Us
Triple Crown Corporation
5351 JAYCEE AVENUE
HARRISBURG, PA 17112
PHONE: 717.657.5729
FAX: 717.657.8125
