Industrial multi-tenant in PHX area

[Geoff Byron]

Hi BP community,

I've been self-educating on CRE over the past year or so, and want to throw my hat in the ring. I'm niching down to multi-tenant small bay industrial in Phoenix area. Anyone here work in that arena? Would love to meet owners, brokers, lenders, mgmt companies, anyone who wants to talk shop

A bit about me... live in SF bay area, 12+ years in consulting/tech across finance, accounting, business operations, and corporate strategy. 

Plan is to point my experience in analysis and system/process building towards CRE. Going to start by setting up a cold outreach system. Hoping that if I can find a good off market deal, I will be able to find someone more experienced to partner with on it. Feeling excited and like there's so much to learn.

Nice to meet you all! 

Geoff

[Ronald Rohde]

Multi tenant small bay. Its the Class C of industrial. Lots of cash flow, great returns, but the headaches and management will make you tear your hair out.

Understand what you're getting into and you'll make plenty of money, demand is there in almost every single market. Contractors all want a 1-3k space for cheap gross terms on a short lease. Kicking out the guys who make too much noise, dump fluids, park excess trucks, leave trash, empty beer bottles, yep. its a lot of fun!