The building is rarely the asset. A practical framework for evaluating surface, drainage, turning radius, power, and legal use before you sign.
Most IOS underwriting errors trace back to treating the improvements as the value driver. In practice, the yard surface and its legal use carry the majority of the cash flow.
We evaluate every site against a consistent checklist: legal use and grandfathering, surface composition and load capacity, drainage and detention, truck turning radius, gate and circulation design, power availability, and the cost to bring lighting and security to tenant standards.
Because our principals have leased and operated yards as tenants, we can price these items from experience rather than from a generic capital reserve assumption.