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[@3NDeveloper](/creator/twitter/3NDeveloper)
"7. What does this really boil down to Acquisition Price: $47500000 Est. Rehab Costs: $27900000 Est. All-In Basis (Excl. cost of funds): $75400000 Estimated Portfolio Value: $127100000 Estimated Gross Profit: $51700000 (excl. commissions/cost of funds) Keep in mind - these figures can easily swing $10M in either direction. It gets complicated estimating these costs across XX buildings without owning the assets but I think these figures are reasonable"  
![@3NDeveloper Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1606137460722782209.png) [@3NDeveloper](/creator/x/3NDeveloper) on [X](/post/tweet/1947149899134636509) 2025-07-21 04:21:26 UTC 8393 followers, 2543 engagements


"@Tmac4real1 Pretty much my thought as well. Their pro-forma NOI is +-$1.33M. As-is NOI (my best estimate) is closer to $600k. I think the realistic stabilized NOI will be around $930k. I simply lack zero excitement for the asset even though the profit potential is real"  
![@3NDeveloper Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1606137460722782209.png) [@3NDeveloper](/creator/x/3NDeveloper) on [X](/post/tweet/1945374496812363972) 2025-07-16 06:46:38 UTC 8394 followers, XXX engagements


"@huntergather3r Its because they prioritize IRR"  
![@3NDeveloper Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1606137460722782209.png) [@3NDeveloper](/creator/x/3NDeveloper) on [X](/post/tweet/1946657197200724296) 2025-07-19 19:43:37 UTC 8387 followers, XX engagements


"Have an interesting dilemma on my hands. Asset is being marketed for $15M: - Not retail (my focus area) - Good location - Between moderate and high quality construction - High vacancy - Looming foreclosure - Marketed by a residential broker Asset has been on the market for a very long time now and it seems obvious why many of the potential Buyers have balked from the deal: Pro-forma financials in the OM simply make zero sense. - Phantom revenue sources (e.g. projecting ancillary income generation from sources that are literally impossible) - Revenue figures bear no resemblance to the rent"  
![@3NDeveloper Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1606137460722782209.png) [@3NDeveloper](/creator/x/3NDeveloper) on [X](/post/tweet/1945369711363154003) 2025-07-16 06:27:37 UTC 8389 followers, 17.6K engagements


"This is simply a brutal loss. - Rite Aid acquired in 2021 - $8000000 purchase price - $6000000 down payment (25% LTV) It's obvious the person who acquired this was risk adverse: - Great market overall (decent intersection) - Co-tenant to a Trader Joe's - Low leverage acquisition (held under a Family Trust) - XX years of term remaining (at the time of acquisition) This asset is by far the current owner's largest CRE holding. Their only other asset owned is a small industrial building they acquired for $1.6M. They want 'all-in' on the Rite Aid purchase. Within XXX years of their acquisition"  
![@3NDeveloper Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1606137460722782209.png) [@3NDeveloper](/creator/x/3NDeveloper) on [X](/post/tweet/1942017414658687366) 2025-07-07 00:26:47 UTC 8391 followers, 81.3K engagements


"Received a call from a GP today. He just started popping up at all the CRE events one day and we were eventually introduced. He invited me to lunch X year ago and he (guardedly) shared a deal he was working on at the time: - Dark STNL asset - Pad to a major retail center - Good location - Transaction involves a lease termination payment by the tenant (7 figures) - Re-tenanting play He shared the deal was a syndication play and he had funding lined up. At the time he had a completely unknown tenant looking to lease the entire building as-is for $350k which translated into a great yield on"  
![@3NDeveloper Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1606137460722782209.png) [@3NDeveloper](/creator/x/3NDeveloper) on [X](/post/tweet/1946092527318372509) 2025-07-18 06:19:49 UTC 8394 followers, 7450 engagements


"@Old_Jeff_Landis Those IRR figures are dropping really fast 😂"  
![@3NDeveloper Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1606137460722782209.png) [@3NDeveloper](/creator/x/3NDeveloper) on [X](/post/tweet/1946346370933436699) 2025-07-18 23:08:30 UTC 8386 followers, XX engagements


"6. Economics These assets were acquired for an average Price/SF of $XX. At the close of escrow the estimated all-in re-tenanting costs were +-$85/SF. However the real costs really depended on the ultimate transaction performed: - Owner user/vacant sale: $X - $13/SF - Lower tier (discount/thrift): $50-$55/SF - Moderate tier (grocer/fitness/Ross): $100/SF So where have they landed As of now: Sold (5): - X Investment Sales (avg $257/SF) - X Owner-User/Vacant Sales (avg $194/SF) - X Auction Sale (price unknown) Marketed for Sale (7): - X stabilized with tenants like Savers Ace Hardware Grocery"  
![@3NDeveloper Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1606137460722782209.png) [@3NDeveloper](/creator/x/3NDeveloper) on [X](/post/tweet/1947149897100333184) 2025-07-21 04:21:26 UTC 8394 followers, 2084 engagements


"Visited a massive train wreck of a deal today. Quite frankly I can't recall a deal where every single person involved across the capital stack got so royally skullfucked 😅🤣 Asset is being sold: - Ground lease (land is being sold) - Ultra prime location - Class A construction Not really planning on writing an offer but I decide to schedule a tour to learn more about it. These types of deals are simply too rare and they should be explored every time they are available. There are X parties to be aware of: - Land owner (ground lessee) - Developer (ground lessor / leasehold owner) - Leasehold"  
![@3NDeveloper Avatar](https://lunarcrush.com/gi/w:16/cr:twitter::1606137460722782209.png) [@3NDeveloper](/creator/x/3NDeveloper) on [X](/post/tweet/1946434894294659437) 2025-07-19 05:00:16 UTC 8393 followers, 12.3K engagements