INVESTMENTS
As hands-on investors ourselves, we have over 14 years of combined experience in all aspects of acquisitions, underwriting, value-add development, and property management. Over the past 7 years, Principals at our firm have acquired over 800,000 square feet of investment and value-add real estate. We continue to leverage our local market knowledge to create outstanding returns on our equity, while restoring and repositioning real estate to benefit our tenants and the communities we serve. We are opportunistic investors in commercial real estate, with an entrepreneurial, conflict-free approach.
Selections from our portfolio
2600 S 25TH AVE, BROADVIEW, IL
Muti-Tenant Industrial Investment
390,000 SF on 17 Acres
In late 2018, NelsonHill purchased this property with 28 industrial tenants. The property was originally owned and occupied by General Motors as a Parts Distribution Facility. The initial intent was a long-term hold, making improvements and driving the rents up over time, while improving the overall operation of the building. After eight months, Trade Lane Properties made an off-market offer. NelsonHill sold this property to TLP, achieving a 90% cash-on-cash return. See www.2600s25th.com.
2415 W 19TH ST, CHICAGO, IL
Multi-Tenant Industrial Redevelopment
120,000 SF
In early 2017, NelsonHill purchased this property in an off-market transaction. The building was underperforming, with tenants paying below-market rents. NelsonHill launched a $1.5M capital improvement initiative. They branded the building “The Machine Shop,” and went to work to create a creative tenant community. As part of this acquisition, NelsonHill purchased the adjacent 40,000 SF site at 2000 S. Western venue to support the growing need for parking at The Machine Shop. See www.machineshop2415.com.
2512 W. 24TH ST, CHICAGO, IL
INDUSTRIAL VALUE ADD DEVELOPMENTt 60,000 SF
In 2020, NelsonHill acquired this property vacant from a heavy industrial manufacturer with the intent to redevelop for multi-tenant industrial users growing out of The Machine Shop. Before closing on the asset NelsonHill secured a local furniture retailer for the entire building. NelsonHill will hold this asset until the lease is up and then convert the building into a multi-tenant industrial building.
2738 W. FULTON ST, CHICAGO, IL
NOTE PURCHASE 23,000 SF ON 1.7 ACRES
In 2020, NelsonHill acquired the note on a commercial property in all-cash transaction. The property is located in the desirable Kinzie Corridor with excellent proximity to downtown Chicago and a dense urban population. The existing conditions of the building and its large parking lot positions it well for food service, auto or last mile delivery applications. NelsonHill intends to make improvements to lease the property.
1250 INDUSTRIAL AVENUE, ESCONDIDO, CA
Industrial Multi-Unit Redevelopment
11,700 SF
NelsonHill purchased this property in September of 2020 in an off-market transaction. This acquisition exemplifies a high-barrier to entry infill opportunity with a value add, rent push upside. NelsonHill plans to convert the building to micro industrial service units. The building was 55% leased at the time of sale.
933 RANCHEROS DRIVE, SAN MARCOS, CA
Flex Service Redevelopment
8,400 SF
NelsonHill purchased this property in December of 2020 as a service showroom building with exposure to 175,000 cars per day on the CA-78. After purchasing the property vacant, NelsonHill secured a national daycare company on a net lease. The tenant will utilize the building as a storage warehouse and training facility, whilst benefiting from the signage visibility on the expressway. This acquisition represents a long term hold in a high-barrier to entry infill location.
1111 S. WESTERH AVENUE, CHICAGO, IL
Office Redevelopment
14,000 SF
In 2013, NelsonHill purchased this property for conversion to our company Headquarters. Previously owned by the Bricklayers Union as offices and a training facility, it needed a complete renovation. NelsonHill converted 7,000 SF to new office space ($350,000 improvement) to accommodate their growing team, and leased 7,000 SF to SINAI Medical for 10 years. In 2019, NelsonHill moved its Headquarters to San Diego and leased their space to Carole Robertson Family Services for 10 years.
1400 N CICERO AVE, CHICAGO, IL
Self-Storage Development
70,000 SF on 3 Acres
In 2016, NelsonHill purchased this property at a bankruptcy sale. With the existing condition of the building, we determined this would yield a better return on a quick sale. With our experience in Self-Storage, we immediately targeted the property towards Self-Storage developers nationwide. NelsonHill secured a developer out of New York, and closed on a sale within 6 months, achieving a 400% cash-on-cash return.
1651 W CARROLL ST, CHICAGO, IL
Adaptive Re-Use Conversion
28,000 SF
In 2016, NelsonHill purchased this vacant, dilapidated building in an all-cash closing. The building was in poor condition, but in the “path of progress” with the office market expanding westward. After 12 months of architectural planning and design iterations, NelsonHill was approached by the neighbor who needed additional parking to support his property, and the Principals sold the property for 60% higher than their acquisition price.
4200 W BELMONT AVE, CHICAGO, IL
Mixed-Use Redevelopment + Potential Residential
85,000 SF
In 2017, NelsonHill purchased this property with the vision to reposition it as The Machine Shop for the north side. During its efforts to renovate the building, NelsonHill was approached by a home builder and entered into a contract with a zoning contingency for conversion for construction of 56 townhouses on the 2.2 acre site. In June, 2020, NelsonHill sold the property to NOAH Properties, achieving a 100% cash-on-cash return. See www.the-avondale.com
3550 N SPAULDING AVE, CHICAGO, IL
Industrial to Retail Development
32,000 SF Site
In early 2018, NelsonHill purchased this building in the “path of progress” in the Avondale neighborhood. The building was leased to Progressive Bronze at the time of purchase. The intent was to hold the property with the lease in place, while the area continued to appreciate with new development pressing in. NelsonHill was approached by a retail developer and closed on the sale of the property 12 months later, achieving a 100% cash-on-cash return.
3850 W MONTROSE ST, CHICAGO, IL
Industrial to Church Multi-Purpose
20,000 SF
In 2018, NelsonHill was under contract to purchase this property with a plan to restore the former Crafty Beaver Hardware to a higher and better use within the existing zoning. At the same time, a local church was searching for a new building to redevelop. As part of their “Give Back” initiative, the Principals decided to assign the contract to the Church, and financially partnered with them to secure the closing.