Industrial CRE broker in Kansas City. Flex, manufacturing, warehouse & distribution space. Former MLS soccer player. NAI Heartland | SIOR Member Associate
Toured a building this week in Topeka, KS. Originally built as part of an Army Air Field in the 1940s, it transitioned to civilian industrial use in the 1970s and is still fully operational.
Love seeing the history the day to day in industrial real estate brings. #industrialcre
@barrettjoneill I’ve noticed this as well. Performed a task about a month ago, saved it as a skill. Tried to have it perform that same skill a few weeks after and it was poor quality and nothing like the original.
@downthebyline I agree he could take a touch but it’s risky. If it’s a bad touch, could be a tap in instead of a turnover.
Too much time and space after the turnover as well. Great finish, but need to close him down quicker.
That supply-demand gap is creating really opportunities for owners of existing small-bay product.
If you own a flex or small-bay industrial building in the KC metro, your asset may be worth more than you think!
Interesting KC industrial trend right now:
Tenant demand for small-bay flex and industrial is climbing. Almost no new construction in that size range. Economics push developers toward larger builds.
5. Early termination or contraction rights. Business changes. Having an out, even with a penalty, is better than being locked into a space you don’t need.
5. Early termination or contraction rights. Business changes. Having an out, even with a penalty, is better than being locked into a space you don’t need.
4. Cap on CAM and operating expense increases. NNN doesn’t mean you should ignore what you’re paying. Make sure annual escalations are reasonable and defined.
4. Cap on CAM and operating expense increases. NNN doesn’t mean you should ignore what you’re paying. Make sure annual escalations are reasonable and defined.
2. Renewal Options. If you can lock in your right to stay at a predetermined rate or FMV, do it. Don’t leave this to future negotiations where you have less leverage.