About the Company

FALCON COMMERCIAL ASSETS LLC, a Washington-based limited liability company located at 5727 baker way NW, suite 206, Gig Harbor, WA 98335, is seeking investment from private sources to acquire the property detailed in this offering memorandum. This capital will be procured through the sale of units in the company, facilitated by a private placement offering (offering) under regulation D, rule 506(b), exempt from securities registration. Participation in this offering is open to a restricted number of accredited and non-accredited investors.

The manager of the company is FALCON MANAGER LLC, a Wyoming limited liability company (the manager). Sponsors of this offering include FALCON COMMERCIAL ASSETS whose key principal is Brad Lindenmayer.

The property purchase price is $5.9m. The amount required from investors is $2.5 M. Funds received as an investment in this offering will be used for the property down payment, acquisition, and closing costs, lender fees, property improvements, and for manager’s expense reimbursements and fees, as shown on the acquisition expenses table contained herein.

About the Property

The property presents an opportunity as rents are roughly 50% below market value, offering potential for significant revenue growth. Most leases are on a month-to-month basis, providing flexibility for potential restructuring. Additionally, all leases are modified gross, providing the potential for conversion to NNN leases to reduce expenses and increase revenue. There is a pending proposal for a Verizon cell tower, which could potentially yield an additional $28,000 per year in revenue. The property features a gated yard, which is currently not billed, offering further potential for revenue generation. The tenant mix primarily consists of trade businesses occupying spaces, contributing to a diverse and stable tenant base. The property is demised into spaces ranging from 2500 to 3000 square feet, accommodating a variety of tenant needs and preferences.

Investor Presentation

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