Industrial

Underwrite industrial in minutes.

Primer extracts lease abstracts, tenant schedules, and NNN reimbursements into your exact model format.

Teams save 10+ hours per week on underwriting.

Documents We Process
Lease Abstracts Rent Rolls CAM Reconciliations Estoppels Environmental

Trusted by teams at

Colliers Monday Properties Blue Roc Premier Safeguard Self Storage North Lone Star Capital Boardwalk Storage Lee and Associates
Midwest Logistics Park - Rent Roll
Tenant Schedule
Tenant
SF
$/SF NNN
Expires
Amazon
425,000
$8.75
2032
FedEx Ground
185,000
$7.25
2029
XPO Logistics
92,500
$6.90
2027
Regional 3PL
45,000
$7.50
2026
Clear Height
36 ft
Dock Doors
84
WALT
5.2 yrs
NNN verified

More deals.

Same bandwidth.

Industrial teams using Primer review 3x more opportunities with the same headcount.

Your Current Workflow

Based on industrial teams using Primer

With Primer
Additional deals reviewed
+28 per month

Deals you'd otherwise triage out

Hours back for analysis
76 per month
Book a demo

We'll use your actual lease abstracts and model.

From Lease Abstract to Model in Minutes

Upload your deal package. Get your model back, filled.

01

Drop Your Deal Package

Industrial docs we process

Lease Abstracts Rent Rolls Estoppels CAM
02

AI Extracts & Reconciles

What Primer does

NNN Structures Flags Conflicts Cites Sources
03

Your Model, Filled

Output format

Your Template (.xlsx) CSVs
Every value cited
Verify in seconds, not hours
All docs at once
Lease abstract + estoppel + CAM → one run
Live in 48 hours
One-time model mapping

Industrial documents we process

If a human can read it, Primer can extract it.

Industrial Rent Rolls

Tenant names, SF, rent/SF, lease terms, escalations, and renewal options with clear height and dock specifications.

Lease Abstracts

NNN structure, CAM caps, expense stops, TI allowances, and landlord obligations extracted from full lease documents.

Tenant Estoppels

Confirmed rent, lease dates, outstanding TI credits, and tenant disputes verified directly from signed estoppel certificates.

Property Condition Reports

Roof age, HVAC condition, dock leveler status, parking lot quality, and immediate vs. deferred CapEx needs.

Environmental Phase I

RECs, HRECs, de minimis conditions, and recommended Phase II testing extracted from environmental site assessments.

CAM Reconciliations

Historical CAM, taxes, insurance actuals vs. estimates, and tenant reimbursement calculation verification.

Why industrial underwriting is different

Tenant credit, building specs, and NNN structures require specialized extraction.

01

Tenant credit is everything

An Amazon lease at $7/SF trades differently than a small 3PL at $9/SF. Primer extracts tenant names and lease details so you can model credit-adjusted cap rates properly.

02

Building specs drive value

Clear height (32-40 ft standard), dock doors per 10K SF, trailer parking, and power capacity—Primer extracts the physical attributes that determine rent and exit cap.

03

NNN complexity

Industrial NNN leases include expense caps, base year stops, and management fee carve-outs. Primer extracts every reimbursement nuance so your proforma reflects true NOI.

04

Property type variations

Bulk distribution, last-mile, cold storage, flex—each has unique metrics. Primer handles them all and maps to your property-type-specific underwriting model.

Industrial metrics we extract

36 ft
Clear Height
$/SF NNN
Rent Structure
WALT
Lease Term
Dock/SF
Door Ratio
Escalations
Annual Bumps
CAM Caps
Expense Limits
TI $/SF
Allowances
Power
Amps/SF

Common

Questions.

How accurate is the extraction?

We maintain 98%+ accuracy by combining AI with deterministic validation rules. The system flags low-confidence fields for human review, so bad data never reaches your model.

98%+ Accuracy
Lease Abstract 99.1% Match
NNN Structure 98.4% Match
CAM Data 97.8% Match

Does it work with my Excel model?

Yes. We map to YOUR existing Excel template during a one-time setup. Data flows directly into your format.

What industrial docs work?

If a human can read it, Primer can extract it.

Lease Abstracts
Rent Rolls
CAM Recon
Estoppels

How long to get started?

We can get your team live within 48 hours. One-time mapping of your Excel model, and you're ready to process deals.

1
Share your model
2
We map it (24h)
3
Go live

Partnered with

the industry's best.

"Borderline deals used to get deprioritized. Now we send them to Primer. We've put in offers on deals we probably would've passed on."

Doug Steverson
Doug Steverson
Chief Operating Officer at Boardwalk Storage

"Primer turns a 2-4 hour manual task into something that's done automatically. We get more BOVs out the door and ultimately win more listings."

Tom de Jong
Tom de Jong
Executive Vice President - Colliers

See Primer with your lease abstracts

We'll show you your actual docs → your model.

Book a demo