Property Description: The subject is four, Class A distribution and storage warehouse buildings, all constructed to be multi-tenanted.  As of the date of valuation, the units range in size from 42,403- to 508,171-square feet.  There is on-site parking of 938-spaces.  The total rentable building area of the park is 1,332,275-square feet with minimal to no office space in the units, 30-foot clear ceilings, and cross docks in each building except one which only has rear dock facilities.  The gross building area is 1,333,007-square feet and the difference is negligible with the additional inclusion of a small pump room.  The subject is a unique property that would be a strong asset if the buildings sold either together or separately.

General Approach to Industrial Properties: The client base has varied greatly as has the purpose of the appraisal reports.  Industrial buildings have such unique characteristics that are glossed over by many observers.  These range from ceiling heights (below the truss line), dock doors and their location and access, etc.

JSO Valuation Group not only looks carefully at the subject and its physical deterioration and function obsolescence, but also endeavors to value the property using the strongest and best information in the market!