The value of the land is to be consider, but also, what's driving in the economy and does that industry or industries have promising out looks.  

I use the LOC to make the offer, which makes it stronger than a offer with a contingent on loan qualification, and just buy it with the LOC.

The city has cleaned up with a partnership with the University of Notre Dame, and if you check the economy section of the paper here, you'll find over 700 Million dollars has been flooded into development of this area.

Smaller parks screw up your expense ratios since you don't get the same economy of scale as you would a larger park, so that really hurts you on fixed price expenses like that.

Many of my tenants jobs are in local government and schools so those jobs are going nowhere irregardless of the economy.

Those cities have an economy of their own.

I like the idea of paying them off instead of acquiring more in this economy.

The area seems to be a stable economy that is supported by the Air Force Base  that is near by as well as some industrial type companies.  

Banks can't get out of their own way in order to close faster than 30 days.This is quite true, but what is somewhat ironic and comical is that the bank as seller will find an offer with a short closing time to be a stronger offer than the offer with a longer closing time; then once under agreement the settlement will get extended as needed by bank asking for amendment to the agreement via an addendum.

The area seems to be a stable economy that is supported by the Air Force Base that is near by as well as some industrial type companies.