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Start Here -> How Small Bay Basecamp Works
Welcome! Small Bay Basecamp is the place where small bay industrial investors - and future investors - come to learn, connect, and talk deals. Whether you own a portfolio of warehouses or you're still figuring out what a cap rate is, you belong here. The only thing we ask is that you participate. There is no other community built specifically for small bay industrial. LinkedIn is noisy and scattered. Facebook groups are generic. This is the one room on the internet dedicated entirely to the sub-30,000 SF multi-tenant industrial space, and the people here range from experienced operators to first-time investors asking sharp questions. That mix is what makes it valuable. The single most important thing you can do right now: Introduce yourself in the Member Introductions discussion thread. Tell us who you are, what market you're in or interested in, and where you are in your journey - whether that's closing your tenth deal or researching your first. The people in this room are your future deal partners, your sounding board, and your competitive edge, but only if they know who you are. How to get the most out of this community: This community lives and dies by what its members put into it. The feed is where the real value is. Post a deal you're evaluating and ask the room what they think. Share a market observation that others might not be seeing. Ask the question you've been stuck on - there are no dumb questions here, only expensive lessons you can avoid by asking first. Answer someone else's question with what you've learned. Challenge an assumption. The more you engage, the more this room gives back. Post in the right category — Market Discussion for trends, observations, and debate. General Discussion for everything else. Member Intros to tell us who you are. Sharpen your fundamentals: The Classroom has a full six-module course - the Small Bay Industrial Investor Toolkit - covering everything from asset class fundamentals and deal underwriting to BRRRR strategy, value-add execution, capital structuring, and deal sourcing. Each module includes a downloadable checklist you can use on your next deal. Work through it at your own pace, and bring your questions back to the feed.
Quick intro
Hi everyone, I’m Joseph Capozzi with MTLI Group. We specialize in turnkey pallet racking, warehouse layout, automation, and full facility solutions for industrial buildings. I’m still pretty new to the industrial side and learning a lot, but I’m backed by a strong team with deep experience delivering projects for companies across Canada and the US. I’m especially interested in helping small bay / multi-tenant warehouse owners maximize storage density and operational efficiency in tight spaces. Thanks so much to Will for the invite — happy to be a resource if anyone has questions about racking, storage optimization, or facility fit-outs. Looking forward to learning from everyone here.
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Market Selection
I get asked some version of this question almost every week: "Is [Charlotte / Nashville / Orlando] a good market for small bay industrial?" My honest answer is that market selection matters less than most people think, and market knowledge matters more than almost anyone admits. I operate in Cincinnati, Dayton, and Columbus. Not because they're the best markets in the country. Because I know them very well. I know which submarkets are tightening before the data shows it. I know which owners have been sitting on tired properties for 20 years. I know which brokers will actually call me when something worth looking at comes available. That's the edge. Not picking the right metro on a spreadsheet. So here's the question I want to put to the room: What market are you targeting, and what's one thing you know about it that isn't in any report?
Underwriting for new development deals
Curious to know those who are developing from raw land what is the max price to pay per acre to get the deal to pencil. If we go too far away from somewhat metro areas the land becomes cheaper but it doesn't command the mid teens rent. I just did a site/building estimate for 23,100 SF comprised of two buildings with 7 each 30x55 suites on 3 acres. The asking price on the land is $257k/acre zoned for small bay and the site is mostly flat with stone base in place, was used for a trucking company laydown yard. With no contractor OH&P and limited general conditions the site cost is $33/sf, building at $71/sf, land/capital/soft cost $61/sf and assuming $15/sf NNN, NOI $283k, 30% equity = DSCR at 1.19.
Quick poll for the room
What market are you investing in or targeting? Drop your city below.
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Small Bay Industrial Basecamp
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Small bay industrial investing — market intel, industry insights, and a network of active investors building success together. Free to join.
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