Anyone selling bonus depreciation to investors as part of their strategy? Here is an example of a small deal that I closed in April. Deal: 14,000 PEMB Purchase Price: $910,000 Equity Invested: $240,000 1st year depreciation: $175,807 -> see attached schedule from a Cost Seg Study That is a $161,350 difference in year one over the standard depreciation schedule. I know not everyone can benefit from the bonus depreciation, but it meaningfully impacts the IRR for me if I include the value of the tax deduction. Love to get your thoughts and insights.

There is significant variation in flex industrial asking rents across Atlanta’s submarkets. As we see in many cities, North Atlanta generally commands higher asking rents. This data can be valuable when evaluating where to develop new flex industrial space, as location-specific rent potential can have a significant impact on project valuation, development feasibility, and long-term returns.

Reminder that we are having our monthly networking call on Monday, Sept 28th from 4:00-5:00 EDT. Join us for great conversations -> Networking Call Link

I’ve seen this question floating around in a few different threads. If you stacked up Buildium, Door Loop, Yardi Breeze, Other PMS Brand TBD in a poll, who would come out of top and why… specifically for small bay industrial?

Quick update since a few of you asked after my intro: I hired @Vanessa Ballard and she made a beautiful, new, conceptual site plan. The plan grew from about 36,000 SF to 51,240 SF of 1,500 to 2,000 SF bays because she found a much more efficient layout than my own test fit. Feasibility is next, then entitlement, then financing. Two things I learned that I did not know two weeks ago: If you lease 15 or more bays on a well, TCEQ treats you as a public water system. That changes the budget and the timeline. The fire code line that matters for contractor bays is not 12,000 SF. It is 5,000 SF if tenants park work trucks inside. I have to find out how that is assessed by the marshal in our pre-development meeting, however. What I'm looking for now is a partner, not just a quote. That could be a lender who has done spec small bay in a rural county, a JV partner who wants in on the equity side, or a GC willing to partner on a 50K SF metal building program. If you're any of those or know someone who is, I'd like to talk. I'll be at the meetup tomorrow night and at the conference. Come find me if you're building around Houston! -Sai Vipparla