Must Haves
Class
B & C- Class Assets
Design
Small-bay, Flex Industrial, and some with outdoor storage yards
Geography
West of I-75, Southwest Florida
Type
Flex, Warehouse, Distribution, Light Manufacturing, Logistics
Bonus Criteria
Tenants
Businesses that produce the goods and services that support the basic functions of society
Strategy
Value-add through re-tenanting, physical upgrades, converting mark to market rents, and proactive leasing and management
Proximity
Near population centers, major highways, and transportation corridors
Positioning
Difficult to reproduce, in-fill locations
Location
A-locations, in submarkets that are trending up
Tenancy
Multi-tenant preferred with exceptions for strong single tenants
Lease Terms
Weighted average lease term (WALT) less than 3 years
Vintage
1990 – 2010
Construction Type
Steel, Masonry composite, or Concrete tilt wall
Size
20,000 – 200,000 SF
Height
Min 16′, +24′ preferred
Power
3 Phase, min 240 volt, 200 – 400 amp
Fortress Capital 