Win
First deal after a long stretch of research and no purchases, so I'll skip the part where I explain why it took so long. Two tenant shallow bay, 14,000 square feet, built 1996, 22…
Discussion
Seller of a 78,000 sf single tenant building is underwriting a full roll to market and I can't make the math sit still. In-place is $4.85 psf NNN with three years left, 26 foot cl…
From the desk:
Broker sent me a 1998 vintage distribution building in a secondary southern market. 62,000 sf, 24 foot clear, 8 dock doors, 110 foot truck court, 4.1 acres so coverage is about 35…
Discussion
What pulled me toward industrial in the first place was reading that leases here run long and net, meaning the tenant carries taxes, insurance, and maintenance, and I collect a ch…