I'd add to factor in a couple things:1) The cost of hard money (how much will you pay in interest and fees).

I see a lawn in the back so I would factor in at least $50/month for the lawncare because someone is going to have to cut the grass. 

Typically in our space closing costs are around 3.25% - 4.5% when you factor in origination fee, escrows & title/recording fees. 

As some others are saying, it’s not just size and price, location and other things are a factor.

These are all personal preferences but should be considered as a factor. 

I guess I did not factor or consider that appreciation would be pretty important factor for refi If I went this route. 

Here's a reference:https://www.jonathanpond.com/h...If exposed to cap gains, exchanging into another property is probably worth considering.https://www.firstexchange.com/...Regardless of the above information, I highly recommend you run your scenarios by your CPA or tax advisor.

With that said, I'm looking for advice/lessons learned/etc. from others with experience with industrial investing (either specific to the factors I mentioned above or just general advice/tips would be helpful as well). 

There SHOULDN’T be enough difference in price for that to be the deciding factor.

if you're Purchasing 10-30 Year Buy & Hold Multifamily do you factor in Future Interest Rates?