CURRENT OFFERINGS
CURRENT OFFERINGS
Current investment opportunities from PETRA. Review each offering’s memorandum, then talk with our team.
LOI executed
Metal Arts
Wichita, KS
A two-building, 42,900 SF steel-fabrication campus on 6.28 acres in Wichita’s southwest industrial corridor. Metal Arts, the owner-operator, leases it back on a 5-year absolute NNN lease at $300,000 a year with 2% annual increases and four 5-year renewal options. It is income from an established industrial user from the first day.
15.23% projected LP net IRR · 1.84x projected LP net multiple · ~8.2% projected avg. annual cash-on-cash · 5-year planned hold · 8% preferred return
Non-binding LOI executed
Broadway Gateway Shops
Wichita, KS
An 11-suite, 22,957 SF center at 4720–4746 S Broadway, shadow-anchored by Dillons at Wichita’s first I-35 northbound exit. It is 81.9% leased to nine tenants; the plan leases the two vacant suites and grows rents.
18.8% projected LP net IRR · 1.87x projected LP net multiple · 6.9% projected avg. annual cash-on-cash · 4-year planned hold · 8% preferred return
Raising now
Uptown District – B&B Theatres
Belton, MO
A new, roughly 104,000 SF B&B Theatres complex anchoring PETRA’s 40-acre Uptown District off I-49 in the south Kansas City metro. B&B, the nation’s fifth-largest theatre chain, operates the complex and invests alongside PETRA; it pairs luxury cinema with go-karts, arcade, laser tag, dining and pickleball.
20.17% projected LP IRR, base case (up to 24.66%) · 2.17x projected LP multiple, base case (up to 2.53x) · 60-month planned hold
In preparation
Downtown Wichita Storage
Wichita, KS
Converts a vacant 30,053 SF building at 313 S Ida Ave into 285 indoor and drive-up storage units, in a downtown market where storage supply is thin. The plan allows an exit at 5, 7 or 10 years.
15.32% projected LP IRR, 5-year exit · 1.98x projected LP multiple, 5-year exit · 8% preferred return
PROJECTS IN PRE DEVELOPMENT
PETRA is accepting predevelopment investment in several upcoming projects. Predevelopment investors come in on the ground floor, before a project opens to the wider investor base, and they’re the first to be paid out. It’s the earliest seat at the table on what PETRA is building next.
Looking for PETRA Protect or Tailored Growth? See Private Wealth
Units are offered only to accredited investors as defined in Rule 506(c) of the Securities and Exchange Commission. An investment involves significant risk and is suitable only for persons of substantial financial means with no need for liquidity. No assurance is given that each offering will achieve its objectives or that investors will not suffer substantial losses. Forward-looking statements are not guarantees of future performance, and actual results may differ materially.