Premier Flex
Class A Shallow-Bay Flex (2 Buildings )
Marketing description
The Property consists of 41 improved and demised units (averaging 1,600 SF). Ownership has completed a full condominium map for each individual unit and, to date, has sold four (4) units totaling 7,836 SF; three to owner/users and one retained by the developer. The offering provides flexibility to either continue a condominium sales execution or create immediate value through a traditional lease-up strategy for the remaining units. The four (4) condo units sold are not included in the offering and will remain subject to the Condominium Agreements.
Investment highlights
Premier Flex presents an immediate value-creation opportunity to acquire a modern flex industrial asset at a significant discount to replacement cost. Each unit includes a ground-level roll-up door and flexible layout design capable of accommodating a wide variety of tenant specifications. The existing condominium map provides unique optionality to sell individual units or reposition the project into a more traditional multi-tenant flex industrial asset. Surrounding demographic growth and a virtually nonexistent supply of comparable product catering to this tenant size segment position the asset for long-term sustainable success.
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