NC Industrial Real Estate Investment
Investment Info:
Industrial buy & hold investment.
Purchase price: $2,200,000
Cash invested: $900,000
30,000sf NNN Industrial asset on 16 Acres of land. Cash flowing day 1 with opportunity for significant value add.
What made you interested in investing in this type of deal?
NNN Tenant, value add potential, great location
How did you find this deal and how did you negotiate it?
Broker, off market
How did you finance this deal?
Local bank debt
How did you add value to the deal?
Billboards along the highway, cell towers, further industrial development, better use of land
What was the outcome?
Working on it
Lessons learned? Challenges?
TBD
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Commercial Sales Broker (JLL)
Bank Lender (Truliant FCU)
Debt broker (Marcus & Millichap)
