This Industrial Warehouse in Preston was strategically repositioned between 2022 and 2024, guided by Ativa Property. Initially valued at $4.85 million in 2022, the property was underperforming, with the landlord having moved out of the asset with no active leases but the valuation expected income of $256,848.

Ativa proposed a $300,000 investment in building upgrades to enhance the property's appeal and attract higher-quality tenants. This investment proved to be pivotal, as it led to securing a new lease, extending the WALE to 4.5 years by 2024.

The repositioning efforts resulted in a significant increase in the property's gross income to $316,360. Furthermore, the property's market value surged, leading to its successful sale at $6 million. The strategic improvements and the $300,000 upgrade were crucial in transforming the warehouse into a high-value, income-generating asset with a long wale.

2022 Condition:

• Valuation: $4.85 million
• WALE: 0 years (no leases)
• Expected Income: $256,848

Repositioning Strategy:

• Ativa Property recommended $300,000 in building upgrades.

2024 Outcome:

• WALE extended to 4.5 years
• Gross Income increased to $316,360
• Property sold for $6 million adding value of  1.15 million.

 Result:

• Significant improvement in income and market value, transforming the asset into a high-value investment.