As a company, Irongate Industrial takes pride in our ability to identify properties that fit our investment criteria quickly and efficiently. When the appropriate information is available for a potential acquisition, our internal processes typically allow for a two-week turnaround time from initial conversation to Letter of Intent (LOI) submission, barring any extenuating circumstances.
The LOI that Irongate will submit will be one that is based on comprehensive research, internal discussions, financial understanding and an overall comfort level that will lead to a path to execution. We have decades of experience and a strong track record of purchases to illustrate our ability to submit an LOI, maintain our terms, and close the transaction.
Acquisition Target Price: $1MM - $15MM
Acreage: Minimum 5 acres
Square Footage: 25,000 sf - 200,000 sf
Tenancy: Will entertain single tenant and multi-tenant existing structures. Prefer 50% occupancy or greater. Vacant properties will be evaluated on a case-by-case basis
Environmental Issues: If issues are present as demonstrated by a Phase 1 Environmental Assessment, we will evaluate on a case-by-case basis.
Location: Western Pennsylvania
Acquisition Target Price: $250,000 - $2,000,000
Acreage: Minimum 5 acres
Survey: Preferred
Environmental Issues: If issues are present as demonstrated by a Phase 1 Environmental Assessment, we will evaluate on a case-by-case basis.
Locations: Western Pennsylvania
Acquisition Target Price: $500,000 - $3,000,000
Acreage: Minimum 3 acres
Square Footage: 5,000 sf - 25,000 sf
Tenancy: Will entertain single tenant and multi-tenant existing structures. Prefer 50% occupancy or greater. Vacant properties will be evaluated on a case-by-case basis
Environmental Issues: If issues are present as demonstrated by a Phase 1 Environmental Assessment, we will evaluate on a case-by-case basis.
Location(s): Western Pennsylvania
At various times, Irongate will engage in dispositions that result in a need for a 1031 Exchange. The above criteria is a barometer of our current investment strategy. However, if there is a property that comes close but does not quite fit into one of the categories above, please feel free to reach out directly to Irongate via the Contact page.
While we maintain tight operating parameters in our business, we welcome the opportunity to talk about the real estate market in general. If you would like to submit a property for review or have a conversation to get to know our company and our acquisition strategy in more detail, please reach out and we will respond promptly.