Industrial CRE deal

[Jason Rowlett]

My employer is looking to expand a part of his industrial business into Austin, TX. He has told me if I purchased land near Austin he would invest in building a shop on it and lease the space from me. I'd like to expand even further on this opportunity and build other industrial workspaces to lease to other tenants as well. I really want this deal to work out but I'm not sure where to go from here...

I currently rent out a condo in Silicon Valley for $1650/mo. I owe $130k. It is currently valued at $360k. I could purchase land suitable for my employer's new venture for $175-225k. I'm not willing to sell my condo right now as it is in a prime location, (near Apple HQ) and I wouldn't get much cash in the end after cap gains.

How would a savvy investor make this land deal work?