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Updated over 7 years ago,
Industrial Space with Great Major tenant, I need advice
So I came accross a deal for a Single tenant industrial warehouse space for a major package distributor. AA+ Credit and very well Global recognized name. Their original lease was for 10 yrs, and it expires in 3 years. The price is very good, with a great cap rate, but how can I negotiate a resign of the lease before I buy it? If the tenant decides not to re-lease, I'm left with a large 30-50 GLA empty!
Those of you that have done industrial, any suggestions?
Thanks