Visual Pak
 Creating an Exit Strategy Situation: This custom and contract packaging company asked Krusinski Construction Company to build a new 268,000-square-foot warehouse distribution center in Waukegan. Challenge: While the entrepreneurial owners intended to use the entire facility at onset, they wanted to maximize their options for the future.
They asked for a built-in “exit strategy” that would allow them to sell the building to an investor or lease a portion of it to a tenant.
Solution: Krusinski Construction Company recommended a number of provisions that would permit occupancy by one, two or three tenants. These included:
- front-door visibility and access for future tenants
- placement of utility room where all tenants will have access
- drive-in doors at either end of the building
- zoned interior lighting
- a plan for a future demising walls
- docks that will accommodate multiple tenants
Results: By including $200,000 in flexibility features to the $8.7 million construction cost, Visual Pak increased the resale value of the building 15 percent. This represents a $1.3 million return on the $200,000 investment. |