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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.

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Presentation on theme: "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."— Presentation transcript:

1 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 : Leased to Gymnastics Studio ($4/sqft Rising to $6/sqft, tenant providing significant build-out) Unit 104&105: leased approx $10/sqft Unit : 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

2 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 : Leased to Gymnastics Studio ($4/sqft Rising to $6/sqft, tenant providing significant build-out) Unit 104&105: leased approx $10/sqft Unit : 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


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