In this week's episode of Multiple Perspectives, Daniel Brereton provides an overview of the four core types of commercial real estate properties and dives deeper into the specifics of small-bay industrial properties. He discusses the growing demand for these properties, particularly in central Florida, and highlights a current investment opportunity available on the EquityMultiple platform.

Key Topics:

1. Types of Commercial Real Estate Properties:

   • Overview of multifamily, industrial, retail, and office properties.
   • Differentiation of subtypes within each category.

2. Understanding Small-Bay Industrial Properties:

   • Explanation of small- or multi-bay facilities favored by small businesses.
   • Role of these properties in meeting the demand for "last-mile" logistics driven by e-commerce.
   • Advantages of their proximity to urban centers for quicker consumer delivery.

3. Market Opportunities in Central Florida:

   • Strong demand for small-bay properties in Orlando and Tampa areas.
   • Limited new supply due to high development barriers.
   • Potential for significant rent growth and high occupancy rates.

4. Current Investment Opportunity: Bayside 44 Industrial Park:

   • Located in Clearwater, FL, with 95% occupancy.
   • Off-market purchase at a 25% discount to comparable transactions.
   • Investment thesis supported by below-market rents and month-to-month lease structures.
   • Plans to increase rents to market levels and convert leases to triple-net (NNN) structures.
   • Low vacancy rates and limited new supply in the greater Tampa market.
   • Shorter lease terms offer opportunities to keep rents aligned with market rates.
   • Diversification across tenant profiles and business types.

Contact and Additional Information:

• Learn more about the Bayside 44 Industrial Park and other current offerings at equitymultiple.com.
• For questions, contact us at [email protected].

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