All Forum Posts by: Jon Sidoti

Would you ever consider selling and getting into commercial investments?

Do people have confidence in the multi tenant industrial market today?

Hey Bigger Pockets,

Wanted to gauge interest on multi tenant industrial investments?

Tenant Base - Contractors, NNN lease structure, 2-5 years lease term

Investment Info:

Industrial buy & hold investment.

Purchase price: $1,775,000
Cash invested: $700,000

14,000sf Industrial asset built in 2001. Can't beat this location!

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

Industrial asset, in a great market

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

Dealt with a broker that found the deal and presented to us.

How did you finance this deal?

Hard money loan for a rapid close to close in 2023. Refinancing into long term debt.

How did you add value to the deal?

Value add through bringing rents to market.

What was the outcome?

In process.

Lessons learned? Challenges?

TBD

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

Avison & Young Atlanta (Subham Nandy - (678) 232-0882)
NAI Savannah (Zach Zakas - (912) 417-0009)

Thank you Ryan, we'll keep you posted.

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)

Hello BP, we are closing a 35,000sf asset. Looking for some short term fund recommendations for Friday 1/12.

thanks!

Too funny! Small world! Great area! Great asset and debt is super attractive!  Would love to talk some day!  Give a call or shoot me a text - (617) 910-7762 Looking forward to it!

Investment Info:

Large multi-family (5+ units) commercial investment investment.

Purchase price: $3,150,000
Cash invested: $750,000

18 Units, New building

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

New Building, GREAT AREA!!!

Investment Info:

Large multi-family (5+ units) commercial investment investment.

Purchase price: $1,845,000
Cash invested: $500,000

24 Units in HOT HOT HOT Houston market!

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

Numbers, Returns, Area