Like many distributors, Coresential operates on thin margins so every dollar of rent counts toward lower prices to customers or as net profit to partners.
A Buy Lease Build Analysis showed that after the first year, ownership costs would be less than leasing. In addition, because the mortgage rate was fixed unlike rent, costs would escalate far lower than a leased space.
Coresential bought an 86,000 SQFT building that gives them room to grow, will allow them to build equity, and keeps their costs low. The partner/owners took title to the building and lease it back to the company, providing additional tax advantages.