One of my tenant works for an Industrial company in the area.

I think if the industry as a whole was a little more honest with it self and with market participants you might not have as many waiting for something that is not likely to happen in the short term. if you need a house, you need a house. but, if you think something will change in 6 months you might be able to hold on, but if it likely will not change in the near term you might just bite the bullet and buy. 

I’ve seen situations like this before..one old friend of mine in Austin had a few industrial buildings where the cash flow was decent but not dazzling, and he was itching for a way to ramp things up.

If you are near any industries or Hospitals it may be worth looking into MTR's as well! 

That’s why I shifted my focus to the Midwest, where industries are growing and property prices are still affordable.

It is a very volatile industry and its experiencing diverging trends.

My guess is that finding good staff in this industry remains hard to find.

This potential merger could significantly reshape the U.S. convenience store landscape, continuing the industry’s trend of growth through acquisitions.

So I was just wondering if its the industry standard for that type of purchase.

I have seen this time and time again over my 36 years in the 1031 Exchange industry where a Qualified Intermediary puts making money over their clients' best interests.