The Easiest Commercial Property for Beginners to Own
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- Опубликовано: 31 май 2024
- When you’re first getting started in commercial real estate, there’s one asset type that stands out above the rest for beginner investors: flex space. It’s similar enough to small multifamily (like a 5-plex) and has far more benefits that buying apartments. Let’s dive into the actual numbers behind doing flex warehouse investing so you can confidently buy your first commercial property.
Shout out to Hamza Ali for diving into this one with me!
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#flexspace #flexwarehouse #flexoffice
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Hello. Would you need to be a licensed agent in order to take the commercial real estate course?
I think ANYONE who is interested in commercial real estate need to investigate getting financing before they jump in. I am a residential real estate investor, but when I bought my first commercial metal building in Industrial zoning I hit a brick wall with financing. I could only get a 5 year ballon mortgage. I was told this is how commercial real estate financing worked. I know not to do ballon mortgages since I don't have a crystal ball. How I got around this was a SBA loan on the building. I personally like residential over commercial for a bunch more reasons.
100% - that's usually the first thing I recommend anyone interested in commercial real estate do: build relationships with commercial brokers and commercial lenders. The process is very different from residential real estate
This is exactly what I'm going through right now!! But SBA requires 51% owner occupied.
@@realtorlifewithdave I occupied the building, so it wasn't an issue for me. Not sure how to handle your situation, but If it were me, I would be creative.
Excellent advice thanks
What r the reasons u like residential more?
I am building a 85,000 sf flex space project right now. Getting the pro-forma to work in this high-interest rate and high construction costs environment is harder than it was portrayed here
where ? i am thinking to do the same in NE philly suburb. thanx.
RUclipsrs make everything look soo easy so that they can sell you their course
You can get everything you need on RUclips for free here 😂
@mrseriouscomic - it depends on your market for sure, and how you’re planning to handle construction, your local regulations, etc., but this is entirely possible in suburban / rural locations
@@rohanpatel8886 We have a close eye on you.
I love this space. Great video, I like how you break it down.
Appreciate it, Amit! Great talking with you earlier
Good video an so true. My first business was a coffee microroastery and getting flex space that is affordable and can be permitted for food production is hard. IN Tampa we had a surge inlocal craft food and these spaces became $. I found one across the bridge in St. Petersburg and I spent years in the space observing other businesses. I quickly realized, that this is the business I should have been in. 1500-2000 sq ft flex spaces are incubators for small business for everthing from food, services, light manuf., logistics, retail/wholesale. Construction is straightforward. If I have the capital in the future it would definitely be the commercial project of my choice-having been a tenant myself
love the channel bro, nothing but game
You are da man. Love this. Now I am going to pursue developing flex space
Glad to hear it! Keep me in the loop on your journey
That is certainly something to look at. Thanks for sharing.
Absolutely! My team is pretty excited about it, so they’ve been digging in over the last week
Thanks for the details and explanation..😊
Anytime!
Hi, I just started watching your channel. Sounds like good stuff! thanks
Thanks for the sub! Hope you enjoy the channel
First time watching your videos. Subscribed right after.
Nicely presented info
I appreciate it!
I like this I like what he said about the tenants great information
👊🏼👊🏼
This was great information for me. I'm new to real estate investing as a newbie and planning to provide rental properties for the VA or the military. This offered a better perspective on commercial investing.
Great content !
Appreciate it!
Def attending his event to meet like minded individuals. Multifamily is saturated with gurus which more will come. Industrial all the way.
Nice man! I’ll see you there
Great video !
Appreciate that!
My goal for this first quarter is to understand everything you talked about in this video.
Love it! I’ve got all the videos you need here on this channel 👊🏼 let me know whatever questions you have in the comments as you dive in
@@TylerCauble absolutely, I’m relocating to Reno and my goal is to start a business and own my own commercial real estate there but I’ll be real with you 80% of this video went over my head and I take personal offense to that, it’s time to do bettet
@miguelrodriguez7253 haha love it! Time to dive in and consume all the knowledge you can 🔥
Dude is on point. This is the game I played. More money in your pocket if you develop, good deals are "rare", Commercial loans cost more short term with balloon payment, I could not get one had to non doc loan 2 houses and still did not have enough money to finish. Luckily I was able to sell my house at the time, made 100k in one year. Project was finished in 2007. Just sold at 100% profit.
Just 1031 to a 9% cap rate with 5 year leases. Did alot of research. Get a rood inspection as this can numbers fast. Nothing is easy but this is doable but you need money to start and the land.
That’s pretty much exactly what I do - do an “active” deal where I have to put a bunch of work into it, then 1031 the proceeds into a STNL or other NNN lease deal to set it and forget it, then repeat the process. Doesn’t take too many of those to retire
@TylerCauble Could you do a video on this process? What is a STNL?
A great glamping space is relatively easy and depending on what you paid for the land could be very profitable.
Truth. We've looked at doing some of those in Chattanooga, would be a fun move to make
Building from the ground to completion, great video thanks for sharing
For sure. Best way to do it in my opinion!
flex space depends on zoning, but if it is outside major urban areas alongside highways for easy access it is viable.
for sure
Thank you
Of course!
thanks
Happy to do it
I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.
Now this is interesting. Interested in how to get situated to start from nothing. Then as i started typing this comment i saw the ending vid link for beginners 😊 awesome. Would like to have 3 buildings in 5 years, build the retirement fund.
Glad you enjoyed it! Keep me in the loop on your progress
Great video. I have been researching this area and want to do my own projects
I appreciate it! Keep me in the loop - always exciting to hear what others have going on
Iam in warehousing for 25 years, just started a new projects good opportunity to invest. 😉
It’s a good industry for sure!
I'm so curious about building a 10,000 sf building for indoor pickleball courts in Asheville, NC. I wonder what the cheapest structure is that's suitable for that use case.
Flex buildings could work well for that - cheaper to build than most other types of buildings and not uncommon for uses like that to occupy them
Thanks for this insightful video.
You have a calculation mistake in there though: 43,560 sqft * 5 USD = 217,800 USD (not 240,000 USD as you mentioned).
In my own plot acquisition research, I am aiming at paying no more than roughly 100k for 1 acre.
Good catch!
The cap rate of 108800 did not include the 240k cost of land.
what type of tenant fit out are you including? If a tenant want's more office than warehouse who pays for the fit out?
It's all negotiable depending on what you want and what the tenant wants. If they want you to pay for it as the landlord, then I would amortize it into their rental rates. If they're willing to pay for it, then I would likely give them some free rent to help cover it
Does anyone has real experience with building these flex spaces inTexas?
I wonder how its labeled in terms of zoning. Ill check with the county..
Typically, it’ll fall under industrial zoning
Just curious who do you recommend for building manufactures on the east coast?
I’d recommend discussing that with your contractor, they’ll likely be able to point you in the best direction. Butler tends to be what I see most frequently
Understandable… yes I have heard of Butler… I was just curious because what I noticed was a lot of these steal building companies are brokers and just do the engineering… and then it all gets manufactured out of the same plant… depending on location in the country… I am assuming there is cost savings depending on the engineering company that is all the same materials.
Here in Florida I’m looking at 300k per commercial acre and that’s on the low side
Yep - varies all over the country depending on supply / demand
Building supplies are too high at the moment.
Is it still profitable? Also in south Florida and curious on the other numbers you’re looking at if you don’t mind sharing. I will probably stick to buying and renting but still curious on construction costs
I wonder how many of these metal buildings you put up your numbers seem to be highly optimistic. Have you factored in infrastructure cost you’re going to need on an acre of land. Most cities charge tens of thousands of dollars to hook up to the sewer and water or you’re gonna have to put it in your own septic system, and water-well. most urban areas are going to require you to put in sidewalks and street lighting that needs to be engineered. In fact you’re gonna have to submit engineered plans in most cases.have you factored in the cost of three phase power hook up being brought onto your property? That can be quite expensive and here in California PG&E has a one-year backlog on that and PG&E, won’t even except an application until you’ve got your building and planning permits issued by the county or city. also, if you’re going to use it for anything other than storage or industrial, you’re going to have to figure out some inside finish, which can be costly as well. Have you factored in handicap egress? I’m actually in the process of putting up 100,000 square-foot metal building in Santa Barbara county and I’ll tell you a few other things that I’ve had to contend with. Perk test, parking lots, soil, compaction and engineering, traffic, mitigation, plan, stormwater, mitigation plan, landscaping and vegetation plan, exterior lighting, electrical power offset agreement, biological resource plan and wildlife corridor‘s there’s more but that’s this is off the top of my head. I know Santa Barbara is probably more restrictive than most of the rest of the country but you’re gonna have to plan for this type of compliance. Lastly, in your video, when you’re speaking about pickle ball, you’re showing an image of a squash court?
California is a major exception in nearly almost every conversation around commercial real estate because their rules and regulations are far stricter than most states. These numbers / approaches work pretty well in rural / suburban locations in the South & Midwest, but California is a different beast. You’ll also be charging different rental rates, so always best to study your specific market
You've made a list of why everything is so expensive in California 😅
Yeah, I recommend against doing anything in California 😂
There is a HUGE demand right now... I walk past all those vacant warehouse lots... The good ones converted to garage storage systems, lmao. Unless your warehouse is middle of a city, you aren't gonna even be able stay afloat. All these vacant warehouse charging only $500/month and add free electricity lmao!
Did you address build-out costs for each tenant and I just missed it in the video? I would think those additional costs would quickly erode the gains on resale after being leased-up.
Buildout costs are usually in the $10-$20/sf range but can range anywhere from $0 to $50+ depending on what you negotiate. Those costs are already included in my assumptions in this video, though.
You mentioned pickle ball but the video showed racquetball lmao😅
Haha sure did!
I was intrigued so I watch the video but when he said 300k down I was like whoa. Think about it how many people have 300k to build a commercial building? I think this is why you said there are not enough being built. So for me it makes sense to start with residential real estate until you can build a nest egg to possibly try commercial. Big risk tough!
Obviously? It’s commercial. It can’t be compared to residential.
Yep - commercial real estate isn't cheap. But you can find creative financing or partners to get you started
I can attest to this video. My dad has bought over 100,000 sq ft of industrial flex space and tailored it to multiple small business tenants. He’s rolling over $800k per year now.
Nice!
Yep,,
👊🏼
Anybody have a link to the full podcast or know the other guys social media handles?
podcasts.apple.com/us/podcast/the-commercial-real-estate-investor-podcast/id1514962783
@commercial_in_nashville on Instagram
When building a flex space. What is the recommended minimum and maximum sqft per unit?
It depends on your market. You’ll want to survey other flex building to see what people are and aren’t leasing. Typically, I aim for around 2,500sf. That could be as small as maybe 1,200 or as big as 10,000
If I do end up buying commercial land and there is a building, would I be able to knock it down and recreate the building? Because I have a certain way I would like my building to look (I’m 14 btw)
Yep! It’s your property, just be sure to check for any regulations that may dictate what you can or can’t build back there
@@TylerCauble thank uuu ☺️🤞🏼
Generally, commercial is non-residential buildings that don't contain warehouses. They mainly contain office space.
Industrial property are also non-residential buildings that contain mainly warehouses.
Knowing the difference between these are important because commercial are already in a recession and prices are about to get hit really hard. Couple that with remote working technology, office buildings may never come back to where they were before. Industrial are at their opposite. That's why these metal building fabricators are so busy.
Industrial is a good market right now for sure. Lot's of opportunity to convert 1-2 story office buildings into flex space, as well
Oh wow 😮😮😮
🔥
Nice video, but...I think the major issue is on raw land you will need to own it 100% no financing, for most banks to finance the development part. As for the development funding, you will probably need to have a competent partner who has a track record or a very good contractor with a history of building these, for a bank to lend you the construction loan and possibly still have to personally guarantee the loan. Can't say it cannot be done but those are probably the major hurdles.
I saw your comment on 1031 into the raw land, I would imagine that can be done as it's still an investment property, and total investment costs (with the development) would have to be higher than the building sold. But the thumbnail says "Best for Beginners"?
This is pretty easy for beginners. Money isn't really a concern even for people starting out fresh. How many investers do you think would be needed to make something like this happen? 1 or 2 hundred regular blue collars could make this happen easily. It's the easiest thing in the world. Everyone has at least a few hundred friends on facebook. Send out the message, even if only one or two percent of your friends list responds with interest- that gives you access to their friends list and the snowball has started.
Money is the first problem an entrepreneur learns to navigate around. If you can't raise funds then you aren't even here yet.
Yep - paying cash for the land is typically the best way to approach development
@@TylerCauble I am interested in investing, tell me- do you have any future projects planned?
@JohnHandle- we don’t right at this moment but are actively on the hunt for our next opportunity. You’re welcome to join my investor email list at www.tylercauble.com/invest
This is great content man. Great surface level analysis but mannnn is developing risky right now
I appreciate it! For sure - I’d only recommend it if you really understand the deal
@@TylerCauble even then, client of mine is a merchant developer. Built two $900,000 NOI deals, had a 5.75% exit….sold one a 6.6% and the other at a 7.15%….lost that value in 10 months
Yep - sounds like he didn’t develop them with enough margin. Sometimes people get greedy and think the market is always going to be strong and start dropping the returns they need to justify a deal. You see it in residential all the time - guys overpaying for lots / construction and losing all their money
How can I learn more about this and what is a good amount of capital to start with?
Got plenty of videos on this channel for you to learn about investing in CRE! The amount of capital depends on what you want to do. If you’re wanting to invest by yourself, then likely at least $250k. If you’re investing with others, then likely around $50k. But it all depends
That wasn't pickleball
🎯
Who makes the buildings? Anyone know ?
Butler Building Systems is one group but there’s a bunch out there
Does flex typically include AC?
It usually does since there’s an office component but not uncommon for the warehouse to not have HVAC
how do you lease and break the space up .
We’ve got a ton of videos on finding tenants / leasing space - probably too much to drop here but you’re welcome to check those out. You typically see buildings of around 10,000sf broken up into 4-5 tenants but could depend on how your leasing goes
Best to have partition walls and you may have to put in some roll up doors.
I would like to get into this. NNN :) instead of residential rentals
Highly recommend it! I love my NNN investments
Rates are 8+? Why would 7% cap make $? Inflation makes it worse, not including food fuel
Exactly - the numbers don’t work if you’re using debt
@@TylerCauble so if I’m borrowing money, I shouldn’t be trying this method?
The money just wont go in your pocket for a while an its risky but what's not?@@ohitsjaelon
Will there also be more opportunities when the commercial loans blow up in the next 5 years? Or will it be more difficult?
There are plenty of opportunities in any market. Depends on the sector you’re looking in - plenty of distressed office deals out there but those will require significant work to turn around. Most industrial assets are not in distress and are fine
Flex space can be industrial or commercial correct?
@seanodaniels397 that’s correct - I think it really depends on who you’re talking to about it or what use you’re leasing to at the end of the day, but banks will treat them the same
Are you factoring in soft cost?
These costs include everything except for debt terms since that would vary so drastically depending on person to person
@@TylerCauble thanks man! Keep adding value.
@@Multifamilyheigh 👊🏼👊🏼
Is it beneficial to pay cash?
It can be - certainly can help de-risk the project and keep your monthly ongoing expenses lower
i need a home first
For sure!
Is it me or is $5 per sq.ft expensive for the land only?
Depends on where you are - that’s pretty cheap in many markets but could be considered expensive for North Dakota
@@TylerCauble I’m with you. I’m in Florida though and even here that sounds quite reasonable and achievable to purchase at least an acre based on $5 per sq. ft. It will have to be zoned for commercial use though, correct?
@davidburgess189 it would certainly be best if it was already zoned - just makes your life significantly easier. That said, you could likely find cheaper land if it needs rezoning, but it’s a significant amount of work and no guarantee that you’ll be successful with a rezoning
$5 per sq ft for land is over $215k per acre. Seems really high, even for full developed business park land. Can you explain/confirm?
Nope - it’s not that high. Depends on where you’re located. Land in suburbs surrounding Nashville can be $30/sf or more. But if you’re in the middle of nowhere with low traffic / low population, then yes - $5/sf would be high
Is this application to UK?
For the most part. Commercial real estate is relatively the same across the world with nuances in each market. You’ll want to talk to local professionals to make sure you fully understand how it works in your area
boomers had residencial, we need to make comercial our thing, open a business, make profits and sell it.
Which is hes channel?
It’s Hamza Ali
$5/SF is under $220k/acre
Yeah, messed up the math there 😅 no worries, it’s only permanently stuck in the video haha
Are you currently developing these assets?
Yep - actively looking for more of these deals right now
Is this possible to do with $20k saved up?
Sure - you'd just have to find partners or some sort of creative financing situation
What beginner would be able to finance a $340,000 down payment for this theoretical flex-space deal? I guess for commercial real estate the bar for entry is much higher, but surely there are other commercial properties that can be purchased with less money down, that's more approachable for beginners.
$340,000 down payment is nothing if you know how to raise capital for these deals. I’ve raised more than 10x that multiple times. But I didn’t start there - my first building was $575k with $120k down payment. I bought an existing building and renovated it
@@TylerCauble yeah that's true. It's certainly possible when raising capital, but I wouldn't expect a beginner to raise capital like that. The video was pretty insightful nonetheless, thanks for sharing :)
@Canthev for sure, but that’s why I’m teaching people how to do it on this channel 😁 commercial real estate isn’t easy, but it is simple. You just have to have the knowledge
commercial real estate has tenants,
along with all the problems that can come with tenants.
Tenants are tenants, but commercial tenants are far easier to deal with than residential
Long term leases too. @@TylerCauble
Buy land, hire construction company, get all paper...it is not the investment in commercial property, it is the development business.
Paint ball!
There you go
I remember build cost of $80 sqft costs for residential in NY. My god, I'm getting old!!
Wouldn’t that be nice today! Haha
Your numbers don’t make any sense to me. You say $190k profit, but that doesn’t include commissions, closing costs, or taxes. If you sell this property in your example, your net is around $100k before taxes. Figure in 30% taxes, and your net is $70k. A $70k return after $300k+ invested and two years is not worth all that risk. Am I missing something?
We don’t typical have to pay taxes because we’re utilizing 1031 exchanges to keep everything rolling. Absolutely the returns are worth it
@@TylerCauble So you are getting them leased and holding them for a time period before you sell? I’m guessing you aren’t 1031’ing new construction because the IRS would shut that down pretty quick.
@andrewdefruscio1800 no - the majority of what I do is heavy value-add. If you’re going to be doing these new construction and don’t want to pay cap gains tax, you just hold them for a year after completion and you can 1031. That’s the strategy most people I know are using on these
@@TylerCauble Cool man. Thanks for the info. I’ve been doing SFR flips and holds for a while and have been looking to getting into building and development of SFR and small commercial. I’ll check your channel for more stuff on the value add component.
@andrewdefruscio1800 absolutely 👊🏼
If it’s a great asset with such a high cap rate why sell?
Because you can improve it, lower the cap rate, sell for a higher price, and 1031 exchange into a better asset
People don't.
took 17 years but exactly what I did@@TylerCauble
🤔 Hmm...
👊🏼
So my question would be, how do I do this without using any of my own money.
private money lenders do it, i know few..
I've got a video on that, too: ruclips.net/video/gSVNe5UjCJI/видео.html
Best to use your own. Risky business they just might end up with your hard work. Price to pay.
ohh boy. this is exactly what George Carlin was sayin: gas stations, dirty magazine's store, bodegas, malls and super malls, chain food and everything in between. a nation of consumers. soon it be warehouses everywhere.
At least they can be a nation of investors 🤷🏻♂️
@@TylerCauble slight problem here: you can't eat money
@apogeus2 money buys food 😂
informative video , We have a commercial real estate mapping software , which can save lot of time of Real estate professionals.
Thank you!
Unfortunately, selling the property multiple times deems developer as an operator and avoids capital gains treatment on the sale of the asset versus refi and holding asset which is not a tax event. Need to go to after-tax Analysis to understand the negative in rapid sales.
That’s not entirely true. Selling the property you 1031 exchanged into in less than a year after buying it could trigger some questions from the IRS. You need to either hold it for a year or be able to prove that it wasn’t your intent to flip it. In that case, you’re fine to 1031 exchange as often as you want / need
@@TylerCauble you never mentioned 1031 in your initial analysis nor the property benefiting from opp zone treatment
You’re bringing up capital gains issues. The easiest way to defer that is through a 1031 exchange. If you buy a property without a 1031 exchange, the same method applies here if you decide to sell in less than a year. Either 1031 to avoid cap gains tax or hold it for more than a year.
@@TylerCaublecould you explain further? would it be better to 1031 a new construction? and how would i avoid any cap gains issues
Good stuff
Too bad this isnt about UK market
I wouldn't make taking it across the pond! Haha
House 🏠 $465,000
Actual value: $45,000
I have always felt the real estate market is erroneous as well as asinine.
I haven't bought one in years, but I do remember the frustration of agents attempting to use status quo selling points that have no relevance on my buying decisions.
What do you mean by “actual value: $45k?”
said pickleball but show a clip of racquetball
😎 keep ‘em on their toes
An acre ?…. Lmao. I need advice for Long Island .
Advice for Long Island: Look outside of Long Island 😂
The NYC area is a tough location to get started because of the costs - the barrier of entry is just so high. That’s not to say that you couldn’t find a wealthy partner to help you get started, but it may be worth exploring secondary and tertiary markets for investment.
pickle ball... so you show a video clip of guys playing squash in a court
Sports 🤷🏻♂️
so its a new name for warehouse space.
No - it’s the specific type of warehouse that it is. There are many classifications of warehouse, such as distribution, manufacturing, storage, etc. They each have very different qualities even though they’re all warehouses
No thanks
You’re welcome
You all know it’s not cheap to build, finding renters is a whole other story. I would avoid this guys advice, but I’m old and not stupid.
Awesome - let’s see your video refuting my points then
It's all risk reward and doing your homework. And yes you need money and land and do a lot yourself. I had to get my hands dirty. It did work out in the long run an to be honest our residential investments were a headache. Everything was on point.
Man...why does any "Real Estate for Beginners" involve $340k down payments. That 5 years income for me. Im sick of being poor but every real estate investment path involves 20% down or having enough personal income to buy a second home. Im trying ot learn this stuff to afford a 2nd home.
I can understand that - that’s exactly how I felt before I got into commercial real estate. Didn’t have any money, but got creative with the deal structure and was able to buy my first few properties with next to nothing out of pocket. I have a few videos in this channel that walk you through that if you search for commercial property with no money
Well, I guess you guys didn’t know you missed the boat. Commercial real estate is about to go through extremely hard times. Try to sell something else.
Nah, haven’t missed the boat at all. Cheers!
Warehouses and office space are two different markets.
Land for $5/sq ft!!! If buying 1 acre, that's 43,560 x $5 = $217,800. Too much!!!
It’s all relative - that’s very cheap compared to some neighborhoods surrounding downtown Nashville that are $30+ per sq ft, but that would also be insanely expensive in Nebraska. Just depends on where you are
This is in no way the easiest way.
You would need at least $1.4 million to do what is described in this video
You could invest in REITs but that’s not really real estate investing. And depending on your market, you definitely don’t need $1.4m.
@@TylerCauble
I’m using the math that you laid out in the video.
The 10,000sf that the gentleman stated would be the minimum size he would recommend, multiplied by your price per sf that you calculated.
So are you saying you have false information in the video?🤔
If you’re developing, yes that’s likely close to the price depending on where you’re located. If you’re buying older product, you can get it cheaper. I completely understand if $1.4m is too big of a deal for you, there are other opportunities in commercial under $500k (which I’ve done a few videos on) or you can explore residential
Years ago, I remember a guy buying buildings in industrial areas for internet porn spaces for individuals to rent for broadcasting. He made dozens of small rooms that people could rent. Before it became big time home based...
That’s a terrible business model and doesn’t reflect on time-tested and proven business models 🤣
@TylerCauble at the time, he made a lot of money on buildings that weren't being used. The same buildings now don't look as busy as they used to be.
@dittohead7425 are you saying industrial buildings are a trend?
@TylerCauble no, the buildings that I know this guy had businesses operating in don't look as busy. At the time , I ran fiber to them to handle the network and they were packed. Not so much now.
👍🏼
Just call this a commercial. I am looking elsewhere as I do not do business with people that don't respect me.
Huh?
Eh. 43560 square feet at $5 a square foot is $217,800. Not $240,000.
Yeah, can’t be perfect all the time 😅
Not great numbers at all and a good amount of risk complicated zoning.
Would love to hear what you’re investing in instead
@@TylerCauble bitcoin
😂😂😂
@@Man-u-flexwhy are you even here? Lol
Can't follow someone who can't even get the right video of the sport mentioned. He said pickle ball not squash.
Ehh they’re both vegetables. You’re missing out on the follow, though!
Do you own any?
Yes I do. I own 1.5m sq ft of industrial real estate.
@@TylerCauble Well good for you, buy some more then and hell you could even charge twice as much to rent it out.
For sure!
Seems like a lot of hot air, where is the data to back up all these words, where are the facts, where are the hard references???
I recommend reading any of the industrial market reports from the big shops like CBRE, JLL, etc
You said pickleball and showed racquetball. If you want to be real, show real references.
Pickleball, racquetball, they’re both sports that you can accommodate indoors in one of these units 😂