El Tule

El Tule was an existing approximately 17,000-square-foot industrial “flex” property with long-term tenants who had occupied the space for decades without formal lease agreements, paying only month-to-month. Recognizing the immense value in repositioning this asset, Rich Global identified a prime opportunity to enhance its performance and maximize investor returns. Industrial smaller-bay “flex” space is highly sought after, often significantly overpriced, and known for its rapid lease-up potential at premium rates.

El Tule was acquired in 2023 in a highly competitive seller’s market, where viable investment opportunities were scarce, and demand significantly outpaced supply. Rich Global out-bid 12 other full-price offers by offering $100,000 over the asking price, with a quick 20-day due diligence and a 10-day close. Our ability to execute swiftly and with precision stems from our ownership of multiple companies, including Sheer Enterprises, a State Certified General Contracting business, Sheer Service, a national facilities maintenance provider for multi-site clients across the U.S, and Evo Door & Window, a distributor of thousands of direct-from-manufacturer doors, windows, and hardware, and national service provider for national multi-site brands which further streamlining our procurement process and reducing costs. These strategic business integrations allow us to expedite due diligence, quickly diagnose potential issues, obtain accurate pricing, and develop a highly reliable pro forma. Furthermore, we self-manage our projects, dispatch our own crews and subcontractors, and utilize in-house project managers and site superintendents. When necessary, we seamlessly coordinate with a network of top-tier professional service providers, including land planners, civil engineers, architects, and legal counsel, ensuring an efficient and effective execution strategy.