Leasing efforts are focused on two remaining office spaces, and largely getting the message out about our storage units. They will be successful, but have never been marketed. Unit 8: Leased at $350/mo Unit 5: Leased at $509.25/mo Unit 101: leased at $10/sqft Unit 1: leased at $350/mo Unit 24: leased at $350/mo While we currently do have 20 vacant Storage units, they have been completely unadvertised. We are only now initiating a marketing plan, and becoming aggressive with pricing. We dropped the cost from $485/mo to $375/mo, and will be very competitive from a per square foot basis with warehouse or mini-storage. Unit 107: Sold Unit 106: Sold Unit 110-112: Leased to Gymnastics Studio ($4/sqft Rising to $6/sqft, tenant providing significant build-out) Unit 104&105: leased approx $10/sqft Unit 108-109: leased at $8/sqft, working with tenant in default, may negotiate settlement, may evict. Conversation is on-going. Unit 103: listed at $12/sqft, LOI out at $9 +CAM Unit 102: listed at $12/sqft, LOI out at $10 Green is occupied | Red is our ‘Opportunities’ *highlights storage units – reference marketing plan
Leasing efforts are focused on two remaining office spaces, and largely getting the message out about our storage units. They will be successful, but have never been marketed. Unit 8: Leased at $350/mo Unit 5: Leased at $509.25/mo Unit 101: leased at $10/sqft Unit 1: leased at $350/mo Unit 24: leased at $350/mo While we currently do have 20 vacant Storage units, they have been completely unadvertised. We are only now initiating a marketing plan, and becoming aggressive with pricing. We dropped the cost from $485/mo to $375/mo, and will be very competitive from a per square foot basis with warehouse or mini-storage. Unit 107: Sold Unit 106: Sold Unit 110-112: Leased to Gymnastics Studio ($4/sqft Rising to $6/sqft, tenant providing significant build-out) Unit 104&105: leased approx $10/sqft Unit 108-109: leased at $8/sqft, working with tenant in default, may negotiate settlement, may evict. Conversation is on-going. Unit 103: listed at $12/sqft, LOI out at $9 +CAM Unit 102: listed at $12/sqft, LOI out at $10 Green is occupied | Red is our ‘Opportunities’ *highlights storage units – reference marketing plan