Do you know what a “build-to-suit” opportunity on a commercial real estate property entails?
Build-to-suit is a commercial real estate lease agreement in which the landowner agrees to construct a property according to the requirements of the lessee (ElGenaidi, 2021). A build-to-suit option can be a win-win for both the owner and the lessee. When the owner/developer builds the property for the lessee, they are guaranteeing immediate tenancy on the property, while the lessee is able to reduce their capital investment. Below are some of Black Diamond Realty’s offerings that are available with a build-to-suit option:
Morgantown Industrial Park – Morgantown Industrial Park is strategically located between two interstates, offering high visibility, and caters to all industrial sectors, including manufacturing, distribution warehouse and general warehousing needs. Large pads (20 + acres) are available and there are for sale, lease and build-to-suit options. Morgantown Industrial Park could be the perfect location your business needs. View the marketing flyer at https://www.yumpu.com/en/document/view/67391782/morgantown-industrial-park-marketing-flyer-phase-i-ii.
429 Grafton Road – This property is made up of 10.25 (+/-) acres of undeveloped land with a build-to-suit opportunity. Raised 8 – 10 feet off the ground above Route 119, this land boast superior visibility, and a future property will offer impressive views of the Mon River and surrounding landscape. View the marketing flyer at https://www.yumpu.com/en/document/read/59420089/route-119-commercial-land-marketing-flyer.
Speedway Avenue Business Park – Speedway Business Park is a 23.7 (+/-) acre Fairmont industrial property with a build-to-suit opportunity. The impressive tract of land was once home to a vibrant manufacturing plant and is ready to be restored to its former glory. The land is cleared of trees and brush and ready for a new use. The entire property lies within the city of Fairmont and is zoned for industrial use. View the marketing flyer at https://www.yumpu.com/en/document/read/57185397/speedway-business-park-land-warehouse-marketing-flyer.
Parcel 12 – White Oaks – Parcel 12 in White Oaks Business Park in Bridgeport is comprised of 1.57 acres of flat land, ready to develop, with a build-to-suit opportunity. The park has been designed in a modern campus-style with green space and outdoor areas and is centrally located along I-79. View the marketing flyer at https://www.yumpu.com/en/document/read/66580713/parcel-12-white-oaks-marketing-flyer.
192 Pool Drive – 192 Pool Drive is a versatile 10.5 acres of land in Mount Clare, WV available as a build-to-suit opportunity. Located immediately along I-79 just off Exit 115 in Mount Clare, the property offers interstate visibility and easy access to major thoroughfares. It’s the perfect option for an industrial retailer looking for a high-traffic, highly visible, accessible location. View the marketing flyer at https://www.yumpu.com/en/document/read/68736580/192-pool-drive-marketing-flyer.
1-3 Acres Triadelphia – This flat land is ready for development and offered as a build-to-suit opportunity. This Triadelphia offering boasts easy interstate access, excellent visibility and benefits from its location in a bustling commercial area of Ohio County that includes a nearby Sheetz, a sports complex, an open-air shopping complex and many big box retailers. 1-3 Acres Triadelphia is a perfect home for a retail, restaurant or office building. View the marketing flyer at https://www.yumpu.com/en/document/view/62364511/118-303-acres-wheeling-marketing-flyer.
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Did You Know: Build-to-Suit is a Type of CRE Lease Agreement from Black Diamond Realty on Vimeo.
ElGenaidi, D. (2021, September 30). Is a Build-to-Suit Lease Right for You? Lev. Retrieved August 4, 2024, from https://www.lev.co/blog/build-to-suit-bts