This recent article from Connect Texas, Duncanville Warehouse Trades in Off-Market Deal, highlights the importance of engaging a local warehouse broker when looking to source off market warehouses for sale.

The article mentions how, “a North Texas investor has closed on a fully leased 33,400-square-foot warehouse in south Dallas County…The 24-suite project was developed in the mid-1980s on a 1.8-acre tract¬†” Finding the best off-market deals is normally a process of talking with local real estate brokers who are tuned in to the local market happenings. The article also mentions, “several renewals were completed during due diligence, resulting in no rollovers for one to three years and pushing the cap rate above 8.5%”, which likely made the investment attractive to the off market real estate investor.

 

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