Flex Warehouse in Hampton Roads Virginia

[Dan V.]

We put an offer on an 8,500 square feet warehouse with 1,800 office space(s). The property can be rented as a whole or can be subdivided into maybe 3 tenants (each has its own office and warehouse). I'm wondering if anybody here is familiar with the space and see how's the demand for it in the area or in the region. We own another flex space but it's 3x smaller and it's doing well. The property is located in the Hampton Roads area in Virginia. 

[Patti Robertson]

I manage a small industrial strip in Virginia Beach that sounds similar. Ours is divided up into three units and they stay rented.  One is used as a Church.  One is rented by a plumber who runs his business from there.  The other was rented by a guy who has a hobby of rehabbing cars and just wanted warehouse space.  Small spaces rent quicker than large spaces. I would recommend dividing it up.