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Multi Tenant Industrial Building Gets Great Interest
One way to create value for an industrial user is to buy a building where they can get additional income from a tenant. Take for example 1-9 Hicks St in Lindenhurst. The building was originally built as 4 separate units. My phone has been ringing off the hook on this building. The building is 6,500 sqft. I have found a sweet spot. Because of the high price of industrial real estate today relative to the rents, this is a poor market for investors (poor return). This is a marke