Mixed-Use

Derita Land Development Opportunity

Listing Price: $700,000

Lot Size
3.07 acres
Price/Acre
$228,013
Land Type
Land

Investment Overview

The Derita is fully entitled and shovel ready for office development. However, the size and shape of the parcel is well-positioned for a small bay flex development of approximately 45,000 SF with 9-18 spaces. There is 0% vacancy for small bay flex spaces between 2,500 SF and 5,000 SF within 5 miles of the property. Increasing space constraints continue to push rents to $10/SF for older space and above $12/SF for the nicest spaces with modern clear heights.

Investment Highlights

  • LEEDS Certified Office Project is Shovel Ready
  • Multiple Development Options Available
  • 0% Small Bay (2,500 SF- 5,000 SF) vacancy within 5 mile radius.

Exclusively Listed By

Mixed-Use

Derita Land Development Opportunity

Listing Price: $700,000

Lot Size
3.07 acres
Price/Acre
$228,013
Land Type
Land

Investment Highlights

  • LEEDS Certified Office Project is Shovel Ready
  • Multiple Development Options Available
  • 0% Small Bay (2,500 SF- 5,000 SF) vacancy within 5 mile radius.

Investment Overview

The Derita is fully entitled and shovel ready for office development. However, the size and shape of the parcel is well-positioned for a small bay flex development of approximately 45,000 SF with 9-18 spaces. There is 0% vacancy for small bay flex spaces between 2,500 SF and 5,000 SF within 5 miles of the property. Increasing space constraints continue to push rents to $10/SF for older space and above $12/SF for the nicest spaces with modern clear heights.

Exclusively Listed By

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