Unlocking Value in a Rapidly Evolving Corridor

AGM Capital is pleased to announce the successful acquisition of Maltby Mobile Home Park, a prime light industrial-zoned site strategically located in Snohomish County, Washington. This property was secured as part of a covered land play, offering strong cash flow from existing operations while positioning the asset for long-term redevelopment.

With market fundamentals shifting in favor of flexible industrial-zoned properties, the acquisition reflects AGM’s ongoing strategy to capitalize on infill land opportunities within growing regional submarkets.

Investment Highlights

THE ONE THING:
Light industrial-zoned site, acquired as a covered land play. Strong interim cash flow until redevelopment.

• Acquisition Date: 2022

• Acquisition Price: $4,025,000

• Equity Raised: $1,300,000

• Exit Sale Price: $10,000,000

Activity: Syndication & Asset | Property Management
Strategy: Covered Land | Long-Term Value Creation

Why This Matters

The Maltby acquisition illustrates the strength of AGM’s vertically integrated platform and our ability to:

• Identify undervalued land in emerging industrial corridors

• Generate consistent returns through cash-flowing interim operations

• Unlock significant upside via long-term repositioning and market-timed exits

• Preserve investor equity through tax-advantaged strategies like 1031 exchanges

The $10M exit price underscores the value of thoughtful underwriting and strategic patience, with a return profile that outpaces traditional multifamily or office investments in similar zones.