What is the insurance cost profile for OCP and 33rd Street industrial?
Industrial properties are the most favorably insured CRE asset class at approximately $0.06/SF annually. Orlando's inland location provides 15–40% premium advantage versus coastal Florida on windstorm coverage. However, 1970s–1990s building stock requires individual underwriting: buildings with roofs older than 15 years and pre-2002 construction will pay materially higher premiums. Practical implication: obtain a bindable quote before submitting an LOI. A roof replacement on a 1988 OCP building can reduce annual premiums 15–20%, often paying back capex within 3–4 years.