When the Appraiser Brings Roller-Rink Comps to Your Class A Flex Tour

Broker: It’s plug-and-play, TI is “light” GC: Cool, that “light” is $38/SF and a surprise demising wall Lender: Need T-12, T-3, T-1, roof cert, and proof your HVAC attends church Appraiser: Used a 2015 roller rink next to a goat farm; cap rate yeets itself 🫠📉