Industrial to Commercial

[Peter Bakke]

Investment Info:

Industrial commercial investment investment.

Purchase price: $660,000
Cash invested: $250,000
Sale price: $1,480,000

Industrial heavy truck repair facility truly driven into the ground. Did a "Hack" buy and used to operate out of and rented some of the space out to cover mortgage while renovated.

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

Opportunity ROI and location.

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

Wrote a letter to owner because I saw the potential in the property. Negotiated with Attorney's no agent so it was sort of a FISBO.

How did you finance this deal?

Conventional and SBA 4

[Marco Rodriguez]

This is a sweet deal. I am an industrial real agent and see many similar deals in this less-crowded space. Where was your property?