Description
This property presents a unique value-add opportunity with three existing structures that are well suited for restoration and adaptive reuse. In total, the site offers approximately 13,000 square feet of warehouse space, providing a strong foundation for redevelopment without the need for ground-up construction. Through strategic restoration and modernization, the existing buildings can be converted into a high-quality office-warehouse complex, meeting current market demand for flexible industrial and commercial space. In today's market, comparable warehouse and flex properties are achieving values in the range of $100 to $120 per square foot, underscoring the significant upside potential of this redevelopment. By repurposing the existing structures, this project leverages the value of the buildings already in place while preserving capital, accelerating delivery to market, and enhancing the overall functionality and appearance of the site.
School Ratings & Info
Description
This property presents a unique value-add opportunity with three existing structures that are well suited for restoration and adaptive reuse. In total, the site offers approximately 13,000 square feet of warehouse space, providing a strong foundation for redevelopment without the need for ground-up construction. Through strategic restoration and modernization, the existing buildings can be converted into a high-quality office-warehouse complex, meeting current market demand for flexible industrial and commercial space. In today's market, comparable warehouse and flex properties are achieving values in the range of $100 to $120 per square foot, underscoring the significant upside potential of this redevelopment. By repurposing the existing structures, this project leverages the value of the buildings already in place while preserving capital, accelerating delivery to market, and enhancing the overall functionality and appearance of the site.
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