Owner/User Opportunity – With very little supply of flex or industrial space under 30,000 square feet, this opportunity will fit the needs of countless different users. The property has a healthy blend between warehouse and office space, which can be converted even further.
Affluent Area – Average household income nearing $118,000 in a 2-mile radius with population estimates of over 193,000 people within 5 miles. These extremely positive demographics are strongly influenced by location, increased rental growth, and declining vacancy rates.
Submarket Fundamentals – With little industrial development or supply over the past 18 months, landlords have been able to push rental rates much higher than the metro average as the market becomes tighter. Industrial vacancies in the submarket are hovering near all-time lows, as tenants continue to have difficulty finding available facilities with adequate parking.