Deploying $2M into commercial investment(s)

[Ryan S.]

I'm working with a small team to invest approximately $2M cash into commercial property before this year's end. Here are a few highlights in terms of what we're looking for:

• Location: The northeast (NY, CT, NJ) and South Florida (Miami - Port St. Lucie)
• Goal: An “easy” acquisition (or a few) with the priority being stable long-term cash flow
• Target Cap Rate: 7% or higher
• Loans: Target LTV of ~65% (this is flexible)

This team is looking for stable, reliable investments where they can park their cash for 10+ years without worrying too much about managing or developing the property. The first thoughts that jumped into my head were STNL (or any long-term NNN leases, even if multi-tenant) and self-storage facilities. We are open (and planning) to get loans of up to 65% LTV on these investments to stretch the cash further.

I'm posting this for two (2) reasons:

1. Advice: I'm looking for advice from any experts out there. What types of assets would you recommend I look into based on our goals?
2. Networking: Are there any investors selling properties that might be a good fit or brokers interested in helping us find properties to invest in? Please feel free to reach out!

Thanks!