Just toured a facility and noticed something interesting…
The units are built out with wood / plywood walls instead of metal panels.
I uploaded a picture for reference 👀
Curious how others here think about this:
👉 Do you typically buy facilities like this?
👉 Have you upgraded wood interiors to metal, or left them as-is?
👉 Does this impact tenant quality, rents, or insurance in your experience?
My initial thoughts:
- Feels more like an older / mom & pop build
- Could be value-add… or could mean future CapEx
- Not sure if it’s worth converting everything or just improving what’s there
Would love to hear from anyone who’s actually dealt with this.
How do you approach a facility with wood-built units?