Experimenting Industrial Real Estate with Chad Griffiths - Episode #179

Chad Griffiths visits us in the lab to experiment commercial industrial real estate investment and give a quick look at retail properties. He gives us an idea of what to expect when investing in industrial real estate and the ways it can provide headache-free tenants based on the various unconventional models that industrial real estate provides in addition to high returns. Working as an industrial real estate broker for more than 15 years, Chad has completed more than 500 client deals with both small and big institutional companies. He’s the host of The Industrial Real Estate Show and has delved into CCIM, REFM, and SIOR. Rightfully, he has been dubbed as an influencer in his field by GlobeSt.com. Tune into this episode if you’re looking to learn the basics of industrial real estate and whether to buy or lease. HIGHLIGHTS OF THE EPISODE: 5:59 - What really is industrial real estate 18:08 - Should you buy or lease as an investor? 27:44 - The beauty of triple net lease in industrial real estate KEEPING IT REAL: 2:57 - Should you try out CCIM, REFM, or SIOR? 8:23 - Three categories of industrial real estate 14:30 - Do retail chains buy or lease industrial properties? 21:35 - The importance of following market trends from Alberta to New York 32:34 - The usual cost of retail chain industrial properties 33:49 - How to get headache-free tenants 38:33 - Property managers as a strategic partner 42:01 - Multifamily vs industrial cap rates and IRRs 51:45 - Are commercial industrial properties good for your portfolio? 56:17 - What is percentage rent? NOTABLE QUOTES (KEY LESSONS): “You need to look at real estate as a conduit functioning for your business.” “You need to just make the best decision for your business, regardless of whether that’s a sale or lease opportunity. Just make the decision that you can for the business.” “There’re industrial leases that last longer than the average marriage. It’s a long-term commitment.” CONNECTING WITH THE GUEST Website: https://industrialize.com/ Email: [email protected] YouTube: https://www.youtube.com/c/ChadGriffithsCRE LinkedIn: https://ca.linkedin.com/in/chadgriffiths Facebook: https://www.facebook.com/ChadGriffithsIRE Twitter: https://twitter.com/ChadGriffiths #properties #industrial  #realestate