Looking for some different vantage points, recently sold an industrial commercial property in California, netted about 4.8, looking to exchange into a retail property or diversify into 2. I don't want to leverage myself out too much for my upleg. How would you any of you pursue this in terms of his focusing on retail wise? Where should I cap the upleg at, 6 mil 6.5? Diversify into two properties? Thanks
@Aaron Levin with 4.8 have you considered hotels, Triple Net Leases or DST's until you come up with a solid strategy?
Find a Starbucks, Home Depot or another well known brand. Stay away from retail like clothing. You may not be competitive though. You should be able to find a multi-family that needs value add or a small motel.