NC Industrial Real Estate Investment

[Jon Sidoti]

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)