VJ Properties

Name

VJ Properties

Legal name

VJ Properties Inc.

Website

https://vjproperties.com

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Commercial Real Estate Investment and Development

SIC

Real Estate Dealers (For Their Own Account) (6532), Land Subdividers & Developers (No Cemeteries) (6552), Lessors Of Real Property, Nec (6519), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Real Estate M&A / Joint Venture Advisory (Platform Deals, Partnerships) (BPAJANAF)

akta.pro secondary industry

Capital Markets Advisory (Equity Placement, JV & Recapitalization) (BPAJABAL)

Keywords

• Commercial real estate investment
• Industrial property development
• Property rehabilitation
• Commercial leasing services
• Real estate joint ventures

Headquarters

HQ city

Scottsdale

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Infrastructure, Marketing or Sales

Revenue model

1. Real Estate Investment and Development: VJ Properties generates returns through the acquisition, rehabilitation, leasing, and sale of commercial and industrial real estate assets. Profits are realized via permanent financing, cash flow, and equity returns upon sale of stabilized properties.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

VJ Properties is a commercial and industrial real estate investment and development firm that acquires, rehabilitates, leases, and sells properties in the Metropolitan Phoenix Area. Operations are run directly by two principals who manage every aspect of each transaction, including due diligence, financing, construction, leasing, and disposition. The firm offers investment opportunities to close investors and partners through deal-by-deal partnerships and joint ventures, with profits realized via cash flow, permanent financing, and equity returns upon sale to REITs or trade buyers.

Product overview

VJ Properties is a commercial and industrial real estate development and investment company operating in the Metropolitan Phoenix Area. The company offers a portfolio of commercial properties including business parks, industrial facilities, office buildings, and medical properties. Their current properties include Crismon Business Park (91-acre development in Mesa), Rio Estrella Commerce Park and Sun City Commerce Park (Avondale/Surprise), Black Canyon Highway (Phoenix), Deer Valley Airpark (Phoenix), North 21st Avenue (Phoenix), Madison (Phoenix office/industrial), and Broadway Business Park (Tempe). Their past projects include Gilbert Commerce Center, Desert Cove Industrial, Hohokam Industrial Park (two locations), 2101 West Alice, Scottsdale Medical Pavilion, Palmcroft Place, Advanced Medical Plaza, and Fountain Hills Medical Center. The company focuses on acquiring underperforming properties, rehabilitating them, improving occupancy, and either holding for cash flow or selling for profit.

Differentiator

Problem solved

Functional benefit

Products and services

• Crismon Business Park A 91-acre business-zoned tract of land in Mesa, Arizona acquired in 2000, subdivided and developed with utilities and roadwork infrastructure; portions have been sold for hospital and ancillary medical building uses with the remainder held for future development.
• Rio Estrella Commerce Park A commercial business park in Avondale, AZ featuring newer construction conveniently located near I-10, developed under a build-to-suit agreement with Cox Communications as the anchor tenant.
• Sun City Commerce Park A commercial business park parcel in Surprise, AZ held for future development, acquired as part of the Cox Communications build-to-suit agreement.
• Black Canyon Highway A commercial property located on the I-17 frontage road in Phoenix, AZ.
• Deer Valley Airpark A mixed-use property consisting of a 3-story office building and two single-story industrial buildings across from Deer Valley Airport, acquired in 2011 with occupancy increased from 48% to nearly 100%.
• North 21st Avenue A 9,000+ sf light industrial building in Phoenix located in a quiet industrial area near I-17.
• Madison A 34,618 sf multi-tenant office/industrial building in Phoenix near Chase Field and light rail, featuring dual fiber cable Cox/Qwest connectivity and ample surface parking.
• Broadway Business Park A 31,222 sf industrial building in Tempe, AZ acquired in 2013-2014, currently fully leased with long-term tenants including a machine shop.
• Gilbert Commerce Center A 95,960 sf office building in Gilbert, AZ, purchased in 1997 at 16% occupancy and brought to 100% occupancy; sold in 2002 for an 80% profit above total project costs.
• Desert Cove Industrial A 45,000-50,000 sf multi-tenant industrial complex in Phoenix, AZ purchased in 1998 that returned a 37% annualized return (IRR) to investors when sold in 2001.
• Hohokam Industrial Park (1524 W. 14th Street) A 173,000 sf vacant industrial building in Tempe, AZ acquired in 1999 that VJ rehabilitated and divided into several tenant spaces, reaching 87% occupancy before selling in 2004 with improvement costs exceeding original purchase price.
• Hohokam Industrial Park (1425 W. 14th Street) A 173,000 sf industrial facility in Tempe, AZ featuring four dock high loading doors, grade level loading, 100% HVAC, and approximately 130' truck maneuverability.
• 2101 West Alice A 28,017 sf business park building in Phoenix, AZ with warehouse space of 4,475 sf and suites ranging from 700 SF to 24,000 SF.
• Scottsdale Medical Pavilion A 53,529 sf medical office building in Scottsdale, AZ located adjacent to Scottsdale Osborn Hospital, 95% leased with approximately 3,000 SF available.
• Palmcroft Place A 32,600 sf office building in Phoenix, AZ, 100% occupied.
• Advanced Medical Plaza A 29,866 sf medical building on approximately 5,400 sf raw space in Chandler, AZ near Chandler Regional Hospital, 90% leased.
• Fountain Hills Medical Center A 6.5-acre medical office campus in Fountain Hills, AZ consisting of three buildings totaling 50,000 sf in a single-story campus-like setting, sold to a medical REIT in 2015 at 96% occupancy.
• Real Estate Investment Partnerships (Joint Ventures) Deal-by-deal equity partnerships and joint ventures through which close investors and partners contribute capital to specific commercial and industrial real estate acquisitions, rehabilitations, and dispositions, receiving returns via cash flow, permanent financing, and equity gains upon sale.

Quantifiable outcome

• 80% profit above total project costs on Gilbert Commerce Center sale (2002)
• +4 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Cox CommunicationscoreStrategic or Co-development Partner · 1 October 2006In June 2006, VJ created two partnerships with Cox Communications for build-to-suit business park land in Surprise and Avondale. Cox signed 15-year leases as the anchor tenant at both sites. VJ subsequently constructed additional buildings at each site, with an 17,000 sf building in Avondale completed in 2008 (100% leased to Cox). Cox also leased 50% of a 43,221 sf athletic club in Tempe and expanded to 54% of a 78,000 sf flex industrial building in north Phoenix, with VJ providing all-new tenant improvements.

Scale indicators4 records

Recent moves6 records

Expansion highlights3 records

Others

• CBRE Group: Largest global commercial real estate services firm, offering investment sales, leasing, and capital markets advisory. Functions as a service provider to VJ's asset class rather than a competitor, and represents an institutional buyer-side channel for stabilized Phoenix assets.
• JLL: Global commercial real estate services firm with capital markets, investment sales, and asset management capabilities. Acts as a service provider and institutional intermediary for the medical, industrial, and office assets VJ develops and disposes of.
• Colliers International: Global commercial real estate services and investment firm with capital markets, valuation, and project management capabilities. Comparable to CBRE/JLL as an institutional intermediary supporting the same investor and asset classes that VJ operates in.
• Marcus & Millichap: Public commercial real estate investment sales brokerage with a deep broker network and institutional buyer relationships. Not a direct competitor to VJ's principal-investor model, but the dominant capital-markets intermediary for the type of small/mid-cap commercial assets VJ trades.

Direct peers

• Kennedy Wilson: Global real estate investment firm that acquires, develops, and operates commercial real estate across the US, UK, and Ireland. Comparable to VJ in executing value-add strategies on commercial and medical assets, though materially larger and publicly traded.
• Buchanan Street Partners: Private commercial real estate investment and development firm executing value-add transactions across medical, office, and industrial in the Western US. Comparable to VJ in operating style: small team, principal-investor model, JV-driven deal flow.

Broad incumbents

• Healthcare Realty Trust: Public medical office building REIT that acquires stabilized outpatient medical facilities. Overlaps with VJ's medical office niche (Fountain Hills, Scottsdale Medical Pavilion, Advanced Medical Plaza) as both a competing buyer of medical assets and a known exit counterparty.
• Rexford Industrial Realty: Public industrial REIT concentrated in Southern California infill markets. Comparable in industrial asset class focus and value-add redevelopment approach, though larger, public, and outside the Phoenix geography.
• Realty Income: Large public net-lease REIT that acquires stabilized, single-tenant commercial assets across the US. Overlaps with VJ's build-to-suit and credit-tenant strategy (Cox Communications, US Department of the Interior) as a competing buyer and potential exit counterparty.
• First Industrial Realty Trust: Public industrial REIT focused on light industrial and flex properties across the US, with a material presence in Phoenix. Operates in the same flex/industrial asset class that comprises a large portion of VJ's portfolio (Hohokam, Desert Cove, Broadway Business Park).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about VJ Properties