My first industrial purchase

[M. Kamal]

Investment Info:

Industrial industrial investment investment.

Purchase price: $650,000
Cash invested: $1
Sale price: $975,000

Industrial Building 38,000 sq ft purchased with business

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

Purchased business with building

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

Business Broker

How did you finance this deal?

Took over note, later refinanced

How did you add value to the deal?

just held it for many years

What was the outcome?

Sold with seller financing

Lessons learned? Challenges?

Should have invested more to upgrade building and used a different broker for leasing

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

Yes, would not recommend