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58 contributions to Small Bay Industrial Basecamp
Introduction
Hey All, I'm a small bay industrial flex investor and syndicator. Over the last two years, my team and I have closed on 7 assets in markets all across the country. My favorite parts of this asset class are the support it provides to small businesses and getting people connected with these great investments. Looking forward to get to know this community!
0 likes • 26m
Welcome
Today’s Networking Call
If you missed today’s Small Bay / Basecamp networking call, make the next one. Not because anyone was pitching. Quite the opposite. We had people openly sharing what is working, what is not, and where deals are breaking. A few things I took away: - Ground-up construction is getting punished by cost. One developer walked away after the spread dropped below a point and cash-on-cash fell under 6%. - Several experienced operators are shifting toward existing value-add assets instead of trying to build everything from scratch. - Phasing matters. One operator is building only 12 units first — with LOIs already in hand — before deciding what the market wants next. - Capital structure matters as much as the real estate. - Sometimes the answer is not figuring out how to build cheaper. It is figuring out what already exists and putting it back to productive use. And then you get the stuff that never shows up in a webinar: contractor relationships, entitlement lessons, financing problems, marketing systems, mistakes, local market intelligence and actual numbers. That is the value of these calls. Exposure. You hear how other people think. You hear where they got hurt. You hear what they are testing. And every once in a while, somebody says one sentence that changes how you look at your own deal. No presentation. No polished case study. Just operators talking to operators. If you were not on this one, be on the next one. The conversations after the introductions are where the value is.
Student Intro
My name is Vincent Sasse, and I'm a Finance student at Purdue University with a minor in Real Estate. I'm interested in commercial acquisitions, asset management, and the small-bay industrial space. I'm still early in my career, so my main goal right now is to learn as much as possible and gain hands-on experience from people who are actively operating in the industry. I'm open to part-time and/or remote opportunities where I can continue building my experience and contribute in any way possible. If anyone is looking for an extra set of hands or knows of opportunities that could be a good fit, I'd love to connect! Excited to be here and looking forward to learning from everyone!
1 like • 5d
Welcome
To lease or not to lease...that is the question
This group has been such an asset to me in my venture into the flex development world. Thank you Will and all the other experts willing to share your year's of experience! I am currently in lease up on a small 10k sqft. new construction flex in Florida. I have a national medical group interested in 5k sqft. That type of tenant pays well but is totally different than I had expected. The things give me pause are: 1. Major build out (TI) 2. difficulty (expensive)to demo if they leave 3. Parking (have 9 spots per 5k sqft building.) I Could use some of our yard space for parking but just seems like I'm reworking my whole plan. 4. 10 year lease request Is it wise to let the market move you into retail/office if thats what calling and paying the most? Or should I stick with the trades that when they leave you sweep it out and re-lease.
1 like • 5d
I’d underwrite the cost of lost optionality, not just the higher rent. TI, parking, eventual demo and tying up half the project for 10 years may turn a great flex tenant into a completely different asset strategy. “Sweep it out and re-lease it” has real economic value that doesn’t always show up in the rent comparison.
Introduction
I am looking forward to learning from this community. I have been a real estate investor and developer for over 30 years. I am still learning every day.
0 likes • 5d
Welcome
1-10 of 58
John Hilgers
4
33 points to level up
@john-hilgers-4808
Former airport executive building operational infrastructure for underserved contractors. Systems over speculation.

Active 18m ago
Joined May 13, 2026
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