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55555 AMARGOSA
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Investment Underwriting & Capital Allocation

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Institutional Capital Engine

INVESTMENT STRATEGY & UNDERWRITING

Amargosa deploys equity alongside world-class institutional joint venture partners, public pension systems, and sovereign funds.

HIGH ALPHA / LAND ASSEMBLY

Opportunistic Greenfield Entitlement

Sourcing off-market, un-entitled land along expanding freight channels. We manage EIR/CEQA environmental clearances, municipal approvals, and utility infrastructure before horizontal pad delivery.

TARGET LEVERED IRR:20.0% - 25.0%+
EQUITY MULTIPLE:2.3x - 2.8x
HOLDING PERIOD:3 - 5 Years
CAPITAL IMPR. & POWER UPGRADES

Value-Add High-Cube Repositioning

Acquiring legacy industrial assets in infill submarkets. Upgrading clear heights, adding super-flat floor slabs, installing 10MW rooftop PV systems, and re-leasing to tier-1 3PL operators.

TARGET LEVERED IRR:16.0% - 19.5%
EQUITY MULTIPLE:1.9x - 2.2x
HOLDING PERIOD:4 - 7 Years
STABILIZED CASH FLOW

Core-Plus Institutional Logistics

Acquiring or holding newly constructed Class-A cross-dock facilities backed by long-term corporate leases with investment-grade tenants and annual 3.5% - 4.0% rent escalations.

TARGET LEVERED IRR:12.0% - 15.0%
EQUITY MULTIPLE:1.6x - 1.8x
HOLDING PERIOD:7 - 10+ Years
SIMULATED DEAL UNDERWRITING MODEL

Institutional Yield & Capital Multiple Explorer

Total Acquisition / Development Cost:$75 Million
Holding Term:5 Years
Going-In Cap Rate:5.25%
PROJECTED UNDERWRITING OUTPUTS
EST. ANNUAL NOI$3.94M
PROJECTED EMx1.76x
Institutional Position Manifesto

THE AMARGOSA STANDARD

Where institutional capital meets deep land entitlement expertise. We bridge the gap between complex regulatory land assembly and Class-A logistics execution.

PILLAR 01

Discipline in Underwriting & Capital Deployment

Rigorous freight velocity modeling and capital stack de-risking

PILLAR 02

Land Entitlement Authority

The ultimate competitive moat in high-barrier Western markets

PILLAR 03

High-Cube Execution Velocity

Class-A vertical tilt-up engineering and super-pad grading

PILLAR 04

ESG & Microgrid Infrastructure

Future-proofing industrial assets for electric fleet transition

PILLAR 01 SPECIFICATIONS55555-amargosa.com/positioning

Discipline in Underwriting & Capital Deployment

We do not speculate on unproven markets. Every Amargosa capital commitment is backed by proprietary freight flow analytics, utility capacity guarantees, and conservative terminal cap-rate stress testing.

99.8%
Underwriting Accuracy
2.1x - 2.6x
Target Equity Multiple
< 4.2 Yrs
Avg Capital Payback
Amargosa Site Development
Site Preparation & Civil Earthwork ExecutionMojave Inland Hub