4926-4928 50th Street, Lubbock, TX
In December of 2019, The Gutow Company acquired two separate quick service restaurants in Lubbock, TX via a 1031 Tax Free Exchange. Taco Bell is on a long term lease and the Pizza Hut building is currently being redeveloped for a different restaurant use.
Victor Street, Dallas TX
Victor Street is a 16 unit apartment building constructed in 1959 located in East Dallas. The Gutow Co. acquired the asset in April of 2013 and after significant capital improvements to the individual units, the property was sold in April of 2015. The equity raised received a total cash on cash return of 60% and an IRR of 30% over the 24 month hold.
Gaston Flats, Dallas, TX
The Flats is a 25 unit apartment building in East Dallas built in 1962. The Gutow Company, in partnership with DavisRE, acquired the property in July of 2014 and after significant capital improvements the property sold in May of 2016. The Equity partners received a total cash on cash return of 94% and an IRR of 48% over the 22 Month hold.
Cinemark Land Development, Denton, TX
Over a two-year period starting in 2012, The Gutow Company acquired approximately 4.67 Acres of Land from Cinemark on I35E in Denton, TX The Gutow Company negotiated two long term ground leases with BJ’s Restaurants “BJRI” and Bone Daddy’s BBQ.
10801 Garland Road, Dallas, TX
The Gutow Co. acquired a 7,200 SF Retail Building in October of 2011 and disposed of the building in December of 2012 with seller financing. Original Equity earned cash on cash returns of 21.00% consistently since the beginning and original equity was returned within 14 months of purchase. The note was completely paid off in 2016.
5665 Dallas Parkway, Frisco, TX
A 24,000 SF Office Building in Frisco, TX ground up development that opened January 1, 2016. Located directly on the North Dallas Tollway just south of Lebanon, the building has been and continues to be 100% leased. Investor Partners received their initial investment back within Three years of opening and continue to receive up 10% dividends per year based on their original investment.
4312 Live Oak, Dallas, TX
A 3,032 Vacant Retail Building in East Dallas acquired in July 2012. The Gutow Co. negotiated a new lease with Fitnz 360 Studio months after the acquisition and the building sold in 2019 with a 62% price appreciation over the seven and half year hold. The equity investor received their initial investment back within three years of the acquisition date and received a 3x multiple upon the disposition.
115 W 7th Street, Fort Worth, TX
A 300,000 SF Office Building in the heart of Fort Worth, TX. Purchased in partnership with Benbrooke Realty Investment Company in 2007. The building’s ground floor went through a complete redevelopment from office to retail, and now includes such tenants as The Capital Grille, Little Red Wasp, and Plains Capital Bank.
The Marquee, Dallas, TX
The Marquee is a 44 unit apartment building in east Dallas constructed in 1960. The Gutow Company, in partnership with DavisRE, acquired the property in November 2013 and after significant capital improvements and 95% lease up, the property sold in June of 2016. Equity partners received a total return of 45% and an IRR of 17% over the 2.65 Year Hold.
17110 Dallas Parkway, Dallas, TX
A 58,000 SF Office Building located in Dallas, TX. Acquired in 2018 with a 60% occupancy rate and currently over 85%. A complete remodel of the common areas and exteriors were completed in the winter of 2019. For leasing information: https://looplink.holtlunsford.com/Listing/
4031 Bronze Way, Dallas, TX
The Gutow Co. acquired this 38,500 square feet vacant industrial building on 4.1 acres in October of 2011. The building recently sold to a user after being leased to Pioneer Metals for six years , and also sold off separately the excess land of two acres via seller financing. Original Equity received a 43% cash on cash return during ownership, and an overall IRR of 90% after the disposition. Ownership continues to hold the note on the 2 acres next door.
17440 Dallas Parkway, Dallas, TX
A 53,000 SF Office Building in Dallas, TX with a June 2017 acquisition date. Occupancy at purchase was approximately 65% and after a substantial renovation and lease up program, the building was sold in 2019 at approximately 90% occupancy. Investor returns upon a sale were over 50% cash on cash, and a 24% IRR.