My name is Vincent Sasse, and I'm a Finance student at Purdue University with a minor in Real Estate. I'm interested in commercial acquisitions, asset management, and the small-bay industrial space. I'm still early in my career, so my main goal right now is to learn as much as possible and gain hands-on experience from people who are actively operating in the industry. I'm open to part-time and/or remote opportunities where I can continue building my experience and contribute in any way possible. If anyone is looking for an extra set of hands or knows of opportunities that could be a good fit, I'd love to connect! Excited to be here and looking forward to learning from everyone!
This group has been such an asset to me in my venture into the flex development world. Thank you Will and all the other experts willing to share your year's of experience! I am currently in lease up on a small 10k sqft. new construction flex in Florida. I have a national medical group interested in 5k sqft. That type of tenant pays well but is totally different than I had expected. The things give me pause are: 1. Major build out (TI) 2. difficulty (expensive)to demo if they leave 3. Parking (have 9 spots per 5k sqft building.) I Could use some of our yard space for parking but just seems like I'm reworking my whole plan. 4. 10 year lease request Is it wise to let the market move you into retail/office if thats what calling and paying the most? Or should I stick with the trades that when they leave you sweep it out and re-lease.
I’d underwrite the cost of lost optionality, not just the higher rent. TI, parking, eventual demo and tying up half the project for 10 years may turn a great flex tenant into a completely different asset strategy. “Sweep it out and re-lease it” has real economic value that doesn’t always show up in the rent comparison.
I am looking forward to learning from this community. I have been a real estate investor and developer for over 30 years. I am still learning every day.
Hello all. My name is Chuck Lacey Jr. I'm in Wahoo, NE. I have few companies and two of them focus on metal building construction. Lacey Construction is a design/builder focusing on metal building projects. We self perform the erection portion. We also supply and erect metal buildings for other GC's and building owners. I also own Quick Veneer. Quick Veneer is a patent pending pre-cast concrete panel system specifically designed for metal buildings. With Quick Veneer contractors eliminate trades and gain valuable control of metal building projects. I attached our brochure for reference. It is a great product for Small Bay Industrial projects. Quick Veneer is exclusively distributed through our partner Silvercote. Silvercote is the leading metal building insulation suppliers across the US.
Hi Everyone, David Faulkner, from Birmingham, AL, with MicroFlex. I head up our site acquisitions and market research. We are currently developing 1,000-1,250 SF bays around the southeast. Here to learn, share, and collaborate.