Property Acquisition Criteria – 2026
RDW Development is currently seeking to purchase commercial real estate to increase our portfolio. Our basic guidelines are the following:
- Price range: $1M-$5M
- Preferred Deal Types:
- Value Add / Ugly Ducklings
- NNN with leases expiring soon
- Under-rent tenants
- Lease-back deals
- Vacant properties
- Property types:
- Preferred: Industrial, Office, Medical
- Non-Preferred: Multi-family
- Note: Retail will be considered
- Deal Terms:
- In general , no financing contingencies
- CAP rates, 7% and higher
- Location: Nearly all locations within the continental US:
- Preferred states: Texas, Arizona (Phoenix), Washington, North Carolina, New Mexico
- Non-Preferred states: California, New York, New Jersey, Illinois
We are value investors, the type that would purchase a vacant warehouse that needs extensive rehab in Phoenix. On the other hand, we would not be interested in a 4% cap Starbucks located in California. We generally are not looking for development (buy and scrape) opportunities, instead preferring to keep existing structures in place and extensively refurbish up to a modern look and feel.
Past examples of real estate purchased:
- The majority of the industrial real estate properties that we have purchased have been vacant and/or had month-to-month tenants in place who were paying under-market rents. Our strategy has been to rehab the facility and slowly increase the rents as the lease terms expire.
- For our restaurant property, we purchased it at the end of its NNN lease, with the confidence that the tenant would renew without issue (they did).
- For our Mattress FIRM property, we purchased it pre-bankruptcy for a price that included a risk-based discount in case they closed the store (they did not).
About RDW Development
RDW Development is the master entity responsible for purchasing and developing commercial real estate projects for a variety of underlying entities. A sampling of our current and past portfolio includes:
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17K sq-ft Industrial property El Segundo, CA |
29K sq-ft multi-tenant Industrial Harbor City, CA | 20K sq-ft Industrial property Harbor City, CA |
| 20K sq-ft Industrial property Harbor City, CA |
12K sq-ft Industrial property Carson, CA |
6K sq-ft Retail Bloomsburg, PA (Mattress FIRM) | |
| 6K sq-ft Industrial Hawthorne, CA, Aerospace Mfg |
6K Restaurant Buffalo Wild Wings Champlin, MN |
10K sq-ft Industrial property Harbor City, CA |
Over the past decade, RDW Development has closed on 20 out of the 22 properties (91% success rate) that we entered into escrow. We do not re-trade on price except for the rare occasions where major defects are discovered during physical inspections or environmental investigations. References from established agents with whom we’ve worked repeatedly are readily available upon request.
RDW Development acts as a Principal and does not participate in earning commissions on real estate. Brokers who submit properties to us for consideration would represent our interest.
Primary Contacts:
| Wayne R. Dempsey Principal Manager wayne@rdwdevelopment.com |
Stephen Vincent Manager stephen@rdwdevelopment.com |
RDW Recent Transactions
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April 2026: |
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April 2026: |
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December 2025: |
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December 2025: |
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July 2024: |
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5611 S 24th Street, Phoenix, AZ 85040 |
May 2024: |
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2740 Mosside Blvd. Monroeville, PA 15146 |
January 2022: |
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1022 N Columbia Center Blvd, Kennewick, WA 99336 |
August 2021: |
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4110 N 108th Ave, Phoenix AZ 85037 |
July 2021: |
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206 W Front Street, Hattiesburg, MS 39401 |
April 2021: |
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2825 E Chambers Street, Phoenix, AZ |
April 2021: |
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660 W Warner Road, Tempe, AZ |
January 2021: |
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10733 Frank Lloyd Wright, Scottsdale, AZ |
December 2020: |
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3221 Main Street, Mammoth Lakes, CA |
December 2020: |
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750 E Thunderbird Road, Phoenix, AZ
2001 W Alameda Drive, Tempe, AZ
10679 Frank Lloyd Wright, Scottsdale, AZ