#United States #Mitra Investment #Industrial Property #Warner Robins

Mitra Investment Partners Succeeds with Quick Sale

Mitra Investment Partners, a rising name in private real estate investment, has achieved a notable milestone with the successful sale of a 20,000-square-foot industrial flex property at 107 Borders Way in Warner Robins, Georgia. This transaction highlights the firm’s adeptness in navigating the complex real estate market through strategic acquisitions and effective management.

Rapid Leasing and Sale Strategy

The property was initially acquired as part of a larger portfolio that included two industrial flex plazas in Atlanta and additional buildings in Warner Robins, all under contract by March 2024. At the time of this acquisition, the Warner Robins property was vacant, posing an opportunity for Mitra’s team to enhance its market value through a targeted leasing strategy.

Within a short time frame, Mitra successfully secured a high-credit tenant who signed a five-year lease, thus ensuring long-term stability for this asset. Following this lease-up, the property was listed for sale in July 2024, merely two months after the closing of the initial acquisition. The quick turnaround speaks volumes about the firm’s dynamic approach and operational capabilities.

A Notable Turnaround

Impressively, the property went under contract just two weeks after being listed, and the sale was finalized in September 2024—significantly ahead of initial expectations. This sale not only enhanced the attractiveness of Mitra’s overall portfolio but also resulted in a reduction of debt, thereby increasing capital for future investments.

Sumeet Patel, co-founder of Mitra Investment Partners, expressed satisfaction with the transaction outcome, stating, "This sale underscores our expertise in identifying and capitalizing on value-add opportunities in the market. We quickly stabilized the asset and delivered substantial returns for our stakeholders."

Mitra’s strategy of acquiring properties, improving their operational efficiency, and disposing of them at the right moment showcases their commitment to maximizing investor returns. Reflecting on their operating model, Patel highlighted the importance of continuous innovation and flexibility.

Continued Growth and Future Plans

As Mitra Investment Partners continues expanding its diversified multi-million dollar portfolio across the nation, they remain optimistic about their operational approach and strategic asset management. The firm aims to leverage its expertise in self-storage and industrial flex assets to further drive value across its remaining properties in the portfolio.
Mitra operates under the management system of Forward Storage, which continuously seeks to optimize performance while also maintaining the option to sell other assets when favorable conditions arise.

About Mitra Investment Partners

Established as a private real estate investment firm, Mitra Investment Partners specializes in acquiring and managing self-storage and industrial flex properties. With a mission to foster a diversified real estate portfolio, the firm is committed to delivering impressive returns to its investors through operational excellence and innovative strategies. As of November 31, 2024, Mitra oversees approximately $150 million in assets in 11 states across the U.S.
For more details on their services and future endeavors, interested parties can visit Mitra's website or connect on LinkedIn.