CURRENT PROPERTY
Skyway Industrial Condos
Caldwell, ID
ASSET CLASS:
Industrial
ASSET SUB-TYPE:
Shallow Bay Light Industrial
BUILDING:
20,000 total sf: (4) buildings @ 5,000 sf each + (8) drive-in doors
Investment Report
Thesis
Overview
These newly constructed, attractive industrial condos with excellent highway access are perfect for a range of tenants with a multitude of needs, making it readily leasable.
Risks
Maintaining high occupancy rates across all units
OUTLOOK & EXIT
Because these units just received their Certificate of Occupancy in 2021, we don’t foresee many CapEx costs in the near future (such as roof issues or HVAC repairs). Based on its location and this specific asset class’ historical performance with high occupancy, we project this to provide strong returns to our investors.