We buy and stabilize single-story retail, industrial, and flex properties nationwide

If you are an accredited investor and we have not met yet, schedule a call. We can walk you through what we are buying, what we are seeing, and how we think about risk.

Aerial view of Park 84 flex building at 375 W 84th Dr in Merrillville, Indiana

Buy Box

Retail, industrial, and flex value-add deals up to $25M.

Demographics All properties

01

Population, 10 mi

100,000+
02

Population, 3 mi

40,000+
03

Median HH income, 3 mi

$65,000+

Retail Exposure Retail only

04

Vehicles per day

20,000+
05

Visibility and frontage

High
06

Access

Easy

Portfolio Highlights

Exterior view of Park 84 at 375 W 84th Dr in Merrillville, Indiana

Park 84

31,170 SF Office / Flex

375 W 84th Dr, Merrillville, IN

Exterior view of Broadfield Square North at 8903 Broadway in Merrillville, Indiana

Broadfield Square

16,912 SF Office

8903 Broadway, Merrillville, IN

Aerial view of the 4500 Western Blvd site in Raleigh, North Carolina

4500 Western

117,440 SF Retail / Multifamily

4500 Western Blvd, Raleigh, NC

Field Notes

Philosophy

01

Integrity

We do what we said we would do.

02

Respect the Rules

We do not go around brokers, and we follow the rules of the transaction.

03

Radical Transparency

We are open about what is happening and do not sugarcoat the hard parts.

04

Discipline

We do not skip important due diligence steps, and we stop taking new leads when we are at capacity.

05

Never Lose Principal

We protect principal before we think about upside.

06

Attention to Detail

Dates, leases, roofs, HVAC, access, tenant spaces, and budgets all matter.

07

Everyone is a Partner

Investors, brokers, tenants, lenders, contractors, and sellers are partners.

08

Alignment

We make sure everyone understands the tradeoffs before we move forward.

Team

Alex Shikhanov

Alex Shikhanov

Construction &
Investor Relationships

Built an investor network through 20 years in construction, including clients, contractors, and lenders

Ivan Evdokimov

Ivan Evdokimov

Asset Management &
Operations

Product and operations at Disney, Microsoft, and Samsung; built a 4M+ monthly user fintech platform

Garvit Dhingra

Garvit Dhingra

Acquisitions &
Due Diligence

Electrical engineering background; leads acquisition screening, underwriting, and closing diligence

Story

Columbia Creek started with Ivan and Alex working together before the firm existed. Ivan began investing in real estate in 2013, and first worked with Alex around 2017 as an investor in one of Alex's residential flips.

Alex brought two decades of construction experience, including building a Seattle remodeling company with more than forty full-time employees and projected annual revenue approaching $20 million. Ivan had worked on product and operations at Disney, Microsoft, and Samsung, and built a fintech platform that scaled to more than four million monthly users.

In 2020, Ivan acquired the first parcel for a planned business to mass-manufacture luxury modular homes. Ivan and Alex partnered up in 2021, acquired additional land, and expanded into rural residential land development, including subdivision and land-flip projects that are still being completed today.

That hands-on development work eventually led Columbia Creek toward its current focus: buying and stabilizing retail, industrial, and flex properties nationwide. The same work shows up in the business today: underwriting carefully, staying close to brokers and sellers, and solving the property-level problems that affect leasing, budgets, and tenant experience.

Garvit Dhingra joined the team with an electrical engineering degree from Texas A&M and a background in technology. Garvit is responsible for the process from deal screening and underwriting through closing. He reviews OMs, T12s, rent rolls, leases, title, survey, zoning, lender requests, third-party reports, and closing checklists, and coordinates with brokers, attorneys, lenders, inspectors, insurance brokers, and property managers.

Contact

team@columbiacreek.com (425) 477-9200
10655 NE 4th St, Ste 210, Bellevue, WA 98004