Small Bay List

CanTex Capital is proud to announce the off-market acquisition of 9160 Sterling Street in Irving, a 34,781 SF, Class-A industrial warehouse on 2.37 acres in the DFW Airport industrial submarket. Strategically located just minutes from I-635, TX-114, and TX-121, the property offers immediate proximity to DFW International Airport. The property was built in 2014 and is 100% occupied by three tenants. Featuring an average suite size of 8,675 SF, this acquisition further reflects our strong belief in the value of shallow-bay infill properties in the DFW market. A special thank you to Sam Crain and Oliver Day with Holt Lunsford Commercial for their hard work on this transaction. ? #industrialrealestate #commercialrealestate #cre #dallasrealestate #dfwrealestate #infillindustrial

Welcome to this week's edition of ***Small Bay Sundays*** ? Last week, we explored how much rent Small Bay Industrial (SBI) tenants can actually afford. But what makes this asset class even more attractive? SBI tenants don’t just pay… they stay. ? Why Small Bay Industrial Tenants Stay Longer ? Small businesses tend to remain in place for years, sometimes decades, driven by high relocation costs, customized buildouts, workforce dependencies, and limited alternatives. Moving is expensive – Small businesses must consider downtime, relocation expenses, and potential loss of customer familiarity, creating strong incentives to stay put. Built for their needs – Many SBI tenants, such as light assembly, service franchises, laboratories, gyms, etc., invest heavily in customizing their spaces. Relocating means rebuilding that investment, making moving a costly and disruptive decision. Workforce & customer proximity – Being accessible to employees and customers is critical. Even small moves can disrupt workforce stability and customer relationships. ? The Aging Inventory of Small Bay Industrial ? Using data from Costar, I recently analyzed the average age of Small Bay Industrial buildings in the top five U.S. industrial markets—Miami, Dallas-Fort Worth, Northern New Jersey, Los Angeles, and Chicago. Here’s what I found: ? Dallas-Fort Worth – Built in 1985 Northern New Jersey – Built in 1965 Los Angeles – Built in 1976 Chicago – Built in 1976 Miami – Built in 1981 ? ?On average, these buildings were constructed in 1977, meaning most SBI properties are nearly 50 years old. As previously discussed, many multi-tenant industrial buildings are being converted into single-tenant spaces, and virtually no new SBI developments have been built in recent decades. With vacancy rates under 4% (GlobeSt), tenants often have no better options nearby. ? What This Means for Investors ? The limited supply, aging inventory, and consistently strong tenant retention uniquely position SBI properties for significant long-term value appreciation. With minimal new construction occurring, existing properties are poised for substantial value increases. Furthermore, the stability provided by long-term tenant relationships ensures predictable, reliable cash flow, reinforcing SBI as a resilient and attractive commercial real estate investment. ? Coming Next Week ? Next week on Small Bay Sundays, we’ll dive into one of the biggest hidden opportunities in Small Bay Industrial, how fragmented ownership and the lack of market transparency create pricing inefficiencies, offering strategic opportunities for knowledgeable investors. Stay tuned! Brian Whitmer #SmallBaySundays #IndustrialRealEstate #CRE #RealEstateInvesting #FlexIndustrial #RealEstateDevelopment #ValueAddRealEstate #IndustrialInvesting #MicroWarehousing #MarketTrends

SALE Learn More: https://lnkd.in/gtEv4t2A IMAGE: Cameron Harris & Paul Yang DATE: 01/06/2025 ADDRESS: 880 Columbia Street MARKET: Brea ASSET TYPE: Industrial BUYER: Jesus Rodrigo Corona SELLER: Adata Technology USA Co LTD BUYER'S REP: Cameron Harris - Lee & Associates Commercial Real Estate Services SELLER'S REP: Paul Yang - PYC Commercial SALE PRICE: $4,980,000 SF: 12,627 ~ PPSF: $394 #InlandEmpire #RealEstate #tradedla #CRE #CommercialRealEstate #California #IndustrialRealEstate #CaliRealEstate #TradedPartner #Brea #Industrial #LeeandAssociatesRiverside #LeeandAssociates #DockHighBuildings #DockHighBuildingBrokers #IndustrialBroker

JUST SOLD! ????3340 Capital Court North Charleston, SC We're pleased to announce the sale of this 30,375 square foot facility. Originally built in 2013, this property serves as the North American distribution hub for a Dutch tile manufacturing company. We were honored to represent Blanton Land Development Corporation in the disposition of this strategically located asset. Congratulations to Catalyst Investment Partners on their newest asset! We're excited to see the continued success of this facility under new ownership. We'd like to thank the following people for their contributions: Patrick Mullen Karen Kerrison, Esq. Daniel Rothman, Esq.

Shallow Bay All The Way (Returns Wise ...) According to a recent report from Cushman & Wakefield (link in the comments), shallow bay industrial has outperformed the broader market in the last 5, 10, and 15 years. Having the lowest industrial sub-sector vacancy rate now, strong rental growth, and less institutionalization, fundamentals are projected to continue to hold up. A recent industrial sector focused poll / report that I published on IOS List and Small Bay List that surveyed 375+ real estate professionals (also linked in the comments) showed that the real estate community believes that small bay / shallow bay will perform the best in 2025. Always happy to discuss the capital markets advisory work that I am doing in shallow bay industrial with other capital groups / operators and share what I am seeing in the space - [email protected].