Becoming a Seller of Industrial Properties

[Ronald Rohde]

This year has been interesting for my investments. We closed on a 4 acre yard for truck parking (no structures), started lease up and received an unsolicited offer for 50% gain. We're now under contract even though the tax will be crazy.

Also accepted LOI to sell a different 4 acre parcel for over $1m/acre. This has been a longer hold with serious value gain in Plano, TX. Suffice to say, looks like I may be a net seller in 2023 which has never happened yet.

Anyone else switching from net buyer to net seller?