Industrial Insights - May 2024 - Summer Update
Graduation Day
The newsletter opens with celebratory remarks about graduations across educational levels. The author welcomes a summer intern named Will O'Neil from Newport Beach, a junior at the University of Southern California. The piece invites readers to recommend candidates for business opportunities.
Lease Comps
This section emphasizes the importance of lease comparables in industrial real estate valuation. The author notes that "lease comps are like protein shakes. They are the pivotal ingredient in industrial real estate" because properties derive value from existing or potential leases. The author highlights that each comparable property has unique characteristics including landlord identity, operating expenses, lease type, ceiling height, and geographic location.
Supply Chain Network Design & Optimization
The author announces a pilot program partnering with leading supply chain optimization software providers. This service addresses executive needs to reduce overhead, consolidate facilities, lower transportation costs, and improve customer delivery times. Fees may be reduced or waived if subsequent industrial transactions offset costs. Interested clients can contact the author to discuss participation.
Personal Investment
The author describes completing an investment in a 22,382 square-foot industrial multi-tenant property with 24 tenants in Orange County. Investment history includes single-family rentals, apartments, large manufacturing sale-leasebacks, business parks, and REIT stock holdings. The author expresses interest in scaling industrial multi-tenant investments and seeks partnerships involving properties across multiple states.
Call to Action
The author encourages prospects to contact the team about buying, selling, or leasing opportunities, emphasizing customized approaches for each situation.