The Source of Commercial Real Estate
A Window of Opportunity in Micro Bay Industrial with Michael Parrot
Mar 18, 2025
In this discussion, Michael Parrot, Director of Acquisitions at Suncap Real Estate Investments, shares his journey from athlete to real estate innovator. He sheds light on the rising asset class of micro bay industrial properties, emphasizing strategic investment opportunities and the importance of operational management. Parrot reveals data-driven techniques for securing off-market deals and the nuances of effective cold calling in the industry. He also explores emerging trends in flex industrial spaces, pointing to exciting shifts in the market.
37:24
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Quick takeaways
- The micro bay industrial model emphasizes diverse income streams through numerous smaller tenants, reducing vacancy risk for property owners.
- Suncap's success in this asset class hinges on effective management strategies and adapting to challenges posed by increased competition and rising interest rates.
Deep dives
Introduction to Micro Bay Industrial
The term 'micro bay industrial' refers to smaller commercial properties with average bay sizes around 1,200 square feet. This concept differs from traditional small bay industrial properties by focusing on a high number of smaller tenants, leading to a diverse income stream. With many tenants, property owners benefit from reduced risk, as vacancies in one unit can be offset by others. This strategy is being championed by Michael Parrott and Suncap Real Estate Investments, which targets this overlooked asset class amid a competitive real estate market.
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