After over 30 Residential purchases I am moving to Commercial

[Joshua Austin]

I have spent the last 4 years building a strong SFH portfolio that sits at 26 homes total. In addition to those that we have kept, we have completed a half-a-dozen flips during this time as well. It's been 4 years of solid base hits but I was honestly getting a little burned out and bored with the process. Then I got a taste of COMMERCIAL.

Next week we close on our first Commercial deal. It was off market and it's an industrial complex on 5 acres near Savannah, GA. It butts up against a major interstate and the building is 10,000sqft with 3,000 of that being office space. We have a tenant lined up to sign a NNN lease the same day we close and the numbers are just incredible. We are buying this property at a 12 CAP and the tenant is strong. They are the second largest freight company in their space in the country.

Purchase Price $1,250,000

Renovation cost that is mostly fencing and crush and run $300-350k

Total rent year one is $17,500 per month ($210,000 annually) NNN with 3% increases annually.

Here is my question. WHO IS IN THIS INDUSTRIAL SPACE and HOW CAN I GET ON A ZOOM WITH YOU?

I want to grow in this space. I am ready to stop hitting base hits in SFH and begin hitting more HOME RUNS in the commercial space!