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2 contributions to Small Bay Industrial Basecamp
To lease or not to lease...that is the question
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.
1 like • 11h
Looks like you’re in the panhandle. Destin? 30A? That entire stretch from Destin to Panama City Beach has been booming. As the population grows, they will need medical, service businesses, schools, and more retail. I would take a step back and think about what the area needs most and what you’d like to focus on.
Student Intro
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!
2 likes • 5d
Welcome, @Vincent Sasse! I went to IU. 😁 We should chat. I know several people in CRE in Indiana you should meet.
1-2 of 2
Phil Nowak
1
2 points to level up
@phil-nowak-6770
Ironbay Industrial. Searching for my first small bay deal, SE WI / NW IN. 5-15k SF, excess land, fenced yard. 14-year landlord, ex-Marcus & Millichap.

Active 11h ago
Joined Sep 18, 2026
Chicago
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