We specialize in build to suit in Cedar Rapids and the surrounding communities. If you are looking for a company that will take your plans and make them into a reality Armstrong Development Company is here for you!
What is a build to suit?
Build to suit is where you work with a developer or development company to custom build a space to meet your specific needs from the design to the layout and all the other details. Armstrong Development Company offers build to suit in Cedar Rapids and the surrounding communities.
Types of Build to Suit Arrangements
There are two main types of build to suit arrangements to consider when picking who you work with as a developer.
#1 Sales-leaseback: In this arrangement the tenant assumes responsibility for the development, and then sells the building and leases it back.
#2 Developer-led: This type of arrangement is where the tenant hires a development company to lead and manage the process. After construction is complete the tenant then leases the space from the development company.
What is the typical process?
You will work closely with us to make your vision come to life for your space. Armstrong Development Co will work with you on picking the site best for you, deciding finishes, and creation of the full design of the space.
After everything is complete, we will finance the construction & design for the space, and then become the landlord for the building or space. You then become the tenant.
What are the benefits of build to suit?
Build to suit is beneficial for tenants opening multiple locations at once or large retailers. This allows the tenant to focus on their business(es) while we take care of the details & construction for you.
#1 Custom Specifications
Build to suit allows for custom specifications which means it will be exactly how you want it from the look to the size to the layout, and all the other little details you can think of. So, at the end of the day you know you are getting a product that you will love.
#2 Less Capital Upfront for Tenants
One advantage that a lot of our tenants enjoy is that a build to suit lease does not require capital upfront, and you are still getting custom specifications for your needs.
#3 Tax Benefits
As a tenant that is making lease payments on a business property it is 100% tax deductible as a business expense which is a huge bonus for you.
Why Armstrong Development Company for your build to suit needs?
Armstrong Development Company’s goal is to work together to create and ensure a pleasant working environment for you and your team. Our team will work hard to secure the right location for your business and bring your vision to life to fit your current and future needs.
We provide build to suit in Cedar Rapids and the surrounding communities. For more information, please contact us at 319-364-6533 or email us at admin@armsdevco.com. We are excited to work with you!
