Case Study - Adam's Commercial Condos in Mesa, AZ Feb 2021

Catherine Bell of Titan Impact Group walks through a commercial condo project in Mesa's Superstition Springs, covering project economics, timeline, and investor terms alongside residential developments in Taylor and Snowflake.
Questions this video answers
Scottsdale, Arizona.
Over 600 real estate investment deals over the past 20 years.
Superstition Springs, Mesa, Arizona.
Commercial (industrial) condominiums — small front office plus mini-warehouse.
About $4.5 million.
Chapters
Hi everyone, this is Kathryn with Titan Impact Group. We are the sentinels of the American dream. We are a group of investors that are committed to leaving every person, property and community better than we found them. We've done hundreds of investment deals and we're clear that we're committed to just having every deal be a win win for everybody involved. So this is our core value and what we strive in every single project. So who is Titan Impact Group? My name is Kathryn Bell. I am the founder and president of Titan Impact Group and I have some in real estate investment experience. I am a realist, an active real estate investor. I've done buy and hold. I've had a portfolio of Airbnbs. I'm a builder and developer. I own a mobile home park and a private money lender. I have started a real estate investment hedge fund. So over the past 20 years I have a bit of experience when it comes to real estate investing and it is my love and my passion. Steve Wall is also one of the co founders. He works in our business development. He's been in real estate for over 20 years. He's also a general contractor and has done a bunch of fix and flips and buy and holds and his work is really, really extraordinary. This man is a bit of a perfectionist, but his work is really his properties are beautiful. He also owns and manages very successful mobile home park here in Mesa, Arizona. And one of the things I love is his commitment to building communities that are safe and thriving for families, which I really love. Laura Miller is also on our team. Her and I have been working together for goodness gracious, well over 20 years. She is an active real est investor. She has done a lot of buy and holds. She's fixed and flipped Airbnb builder, developer, private money lender. Again, she has extensive real estate experience and investment knowledge. And one of the things I love about our team and there's more of us, but these are the, this is the core of us is that my grandfather had said years ago that if you find something that you love to do and find a way to get paid for it, you'll never work a day in your life. And one of the things I love is that I feel like we all just play every single day and have a lot of fun doing it all inside the real estate investment world. So who are we? So we are located in Scottsdale, Arizona. We do invest across the US and our office happens to be here. We have multiple divisions of our company. One of our divisions is we buy and sell non performing notes we actually buy them as non performing, get them performing, and then package them up and sell them off to other banks and hedge funds. We also do a lot of commercial development projects and residential development projects, which I'll talk about here shortly. Our team altogether has done well over 600 real estate investment deals over the past 20 years. So the point of that is that we have extensive experience and have lots of ways of getting the deal done and have a lot of fun doing it this. So the project I'm talking about today is our commercial deal that we're putting together. So it's over in Superstition Springs in Mesa. And what it is is it's an industrial condo project. So when we hear condos, people generally think of residential condos, but these are actually commercial condos. And what these are is it's where there's a small office space in the front of the. And then past the office space there's actually like a little mini warehouse. So this is what we are currently working on. And what's really exciting about this is the location of it. It's in an area of the Phoenix Valley that is growing like crazy. So if you haven't heard, what's happening is there's over 200 people a day moving to the Maricopa County. It's the fastest growing county in all of the US Right now, which is, you know, extraordinary. There's been a ton of major companies that have come in, a ton of business that's coming. So what has happened is the fallout from that is that there is a shortage of houses and there's a shortage of commercial space, which is why we're really excited about what we're doing. So we are building these out for the owners obviously to use inside of the commercial space. And what's really exciting about this is the demand that's absolutely needed and the market is calling for the demand. You know, we did the numbers, numbers told us what to do there. Right now there is very limited commercial condominiums that are available. And so building this is really exciting because the demand is so incredibly high. And so this is just another view of, you know, the different condos that we're going to be building and the location of it. One of the things that I love is that Arizona Phoenix got rated as having the number one freeway system in all of the US and all the major metropolises. So where this is located is conveniently located for where the expansion is happening inside the Phoenix Valley. So the demand that's happening on these is that we have found out that there are other commercial buildings, commercial condos that are being built very close to here that are much bigger and have already been pre sold prior to them actually completing the build out. And so what does that mean? It means that the bigger ones have a smaller pool of buyers that are looking for them. So we're going to have a bigger pool of buyers. And the fact that they're being pre sold is it's extraordinary. I mean the timing couldn't be better for these, which we're really excited about. So again, just to reiterate, there's very low inventory in the Valley. There's a really high demand given how many people are moving to the Valley. It's very attractive to buy because we are already marketing them right now to be sold. So when they're sold, we are giving the buyers an opportunity to have us actually build it out the way that they want it. So what that means for them is that it becomes move in ready for the way that they actually need it built. Which means that there's less overhead for them to have to put the money in to renovate the inside of it the way that they want it. We're going to help them with that, to roll, you know, all the costs into. The other thing that I love is that one of the partners on the project actually is the main general contractor. So what does that mean for our investors? It means that the contractor has a very high incentive to keep it on time and on budget. That is a critical piece to any project. We already do own the land, we bought it and we already have the construction plans complete. So again, our commitment is to be able to get these pre sold before we're even done actually building them, which is really exciting. So the current property value is about 4.5 million. We've already been pre approved for a Bank loan for 2.3 million. So the capital we've already raised is 400,000. The investment capital that we are currently raising is 300,000. So how it works is it's broke out into a share is $50,000. The annual ROI to our investors is anywhere between 12 to 15%. And we're looking at this project being anywhere from 18 to 24 months. Again, we're expecting it to go faster than that, but we need to build in contingencies and everything else. So we're very excited about this and other projects that we are doing. Another project that we're currently working on is a residential development project up in Taylor, Arizona. We've been doing that for the last couple of years. And what we do is we feel it's responsible for us. We build out two to three houses at a time, we sell them, then we build out the next two or three. What that allows us to do is continue rolling our investor money over, but never being held, never having to actually hold inventory. We have another condo development that we're working on up in Snowflake, Arizona. And what's really exciting about that, again, it's another community that just doesn't have any houses up there for rent or for sale. And there's a huge, huge, huge demand because up there is one of the state's largest marijuana growing facilities, which, whether you agree with it or not, the demand is there. So we are looking to fulfill that need. And we already own that land as well. We also have a medical office development that we are working on and it's going on throughout multiple states in, in the United States. And so what I love about that is if you, if you watch how the economy works is that the economy is actually driven by the baby boomers. Like the baby boomers had Gerber and then Toys R Us, like and it pushed the market all the way through. And so now where are they at? They are needing, they're needing doctors. And so medical office demand is really, really high. And so we already have major companies that we are working with that have signed 10 year triple net leases with us. And so we are building out those medical offices as quickly as possible with them. And then of course, these commercial industrial developments that we're doing as well. So there is lots and lots and lots of opportunity for all of our investors that would like to be involved in these projects. We like to say send your money out and have it come back with lots of friends. And so that is what is available. So what I'd love to do is if you are interested in learning anything about any one of these projects, please go ahead and give me a call. I'd love to hear what your goals and expectations are. Because even if none of our projects fit your goals and expectations, maybe some of the projects that will work for you. I've got connections to lots of other people inside of our network that I'm more than happy to connect you to. So go ahead and schedule a call for a time that works. You can type in Bit Ly, Catherine Tig, and that's a link to my calendar to schedule a time or you can simply email me or you can call our office or go to our website. So however you'd like to do it, we're here for you, and I do look forward to hearing from you and hearing how we can serve you. So I hope that you have an extraordinary day, and I do look forward to spending some time with you. Bye for now.










