Discussion
I've been calling industrial brokers to understand the service side of this sector and I keep ending up in the same argument, so I want to put it to the room. The pitch for qualit…
Discussion
I've been reading deal memos to understand how private money actually sizes industrial risk, and the same argument keeps showing up in the risk sections without ever getting resol…
Win
I've owned a 48,000 square foot single tenant distribution building since 2016. Third generation family distributor, 28 foot clear, seven docks, decent yard. Lease was running to…
Loss
Numbers first. 31,000 square feet, built 1979, single tenant vacant at purchase, 18 foot clear at the peak of the bay and about 16 at the haunch, four dock doors with no levelers,…
Win
I bought a 4,200 square foot end unit in a six unit light industrial condo park in a mid-size midwest market. Purchase price $395,000, so about $94 a foot. The tenant is a cabinet…
Win
First one done. 7,200 sf end unit in a 1990s light industrial condo park, 16 foot clear, one dock and one grade door, small office up front. $520,000, so $72/sf, in a park where t…
Discussion
Working through a deal that looks great on the yield line and worse the longer I sit with it. 34,000 sf, built 1978, 18 foot clear, one dock door and one drive-in, town of about 6…
Discussion
Two buildings in front of me in a small market three hours from anything institutional. First one: 1985 build, 22 foot clear, four dock doors, 19,000 square feet, one tenant payin…
Discussion
I've been screening industrial because the net lease pitch makes sense to me as defensive income, and I can't find anything to actually buy. Every well-located modern logistics as…
Loss
This is the first thing I ever did with real money and it went to zero, so here it is in plain terms in case someone else is looking at the same kind of offer. What it was. A grou…
Discussion
The absorption rebound everyone points to for 2026, the jump toward 220 million square feet, leans on three drivers: reshoring, manufacturing, and data-center-adjacent demand. The…
Discussion
Been following the industrial supply correction for a couple of months now and the story is pretty consistent. Vacancy around 6.7 percent at the end of 2025, construction starts w…
Win
I own eight apartment units and I've been reading this room for a year trying to work out whether industrial is actually simpler. It is different rather than simpler, and here's w…
Discussion
Everything I own is small residential, so this is new. The building is 12,000 sf split into three bays, and the lender's term sheet says a Phase I environmental site assessment is…
From the desk:
48,000 sf single tenant industrial, 28 foot clear, built 2006, tenant is a third party logistics operator with 6 years remaining. Asking $3.35M, NOI $231,000, 6.9 percent cap. I g…
Discussion
I went into this looking for the version of commercial real estate where I collect a check and don't get a call. Everything I read said industrial leases are net, meaning the tena…
From the desk:
I've been sitting on 1031 proceeds and the clock is doing what clocks do. Two industrial deals in the same metro, roughly the same check. Deal A. 40,000 sf light manufacturing bui…
Win
Land plays into industrial income without a building on it, so here's how one went. I bought 6.1 acres of I-2 zoned ground in a secondary market about 4 miles from an interstate i…
Loss
This is the one I got wrong, and I did the due diligence, which is the annoying part. Two 1990s vintage bulk buildings, roughly 310,000 square feet combined, 24 foot clear, in a s…
Discussion
31,000 sf rear-load box, 28 foot clear, infill submarket about 20 minutes from the port road. I bought it two years ago with 14 months of term left and I've been carrying it half…