Industrial Small Bay

[Sean Byrd]

Investment Info:

Industrial industrial investment investment.

Purchase price: $4,700,000
Cash invested: $50,000

72 Units of Small Bays in the Margate and Lake Worth Area in FL. NOI on Acquisition 246K and post two months after acquisition NOI 406K for an increase of 2.4 Million.
Empowering the Last Mile

What made you interested in investing in this type of deal?

This is the type of investments which are pandemic resist and important for the supply chain. The production of goods and services is vastly important. After being a large investor over years in Railroad companies, i understood the importance of industrial related investment vehicles. These are the sectors which makes America function. It was a no brainer from that point.

How did you find this deal and how did you negotiate it?

I found it with the Capital Firm in which I presently work with in the FL area.

How did you finance this deal?

Cash

How did you add value to the deal?

I work as the Deal Director "Acquisition Manager" creating deal flow for our purchases and help expand our network of realtors which help funnel deals into our system.

What was the outcome?

The outcome was a major increase in NOI and higher returns on IRR and Cash flow than our projected estimations.

Lessons learned? Challenges?

Always seek out networks and never be to scared to risk it all for an opportunity.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I worked only with the capital firm.