Manage episode 324527408 series 30962
Chad Griffiths is an Industrial Real Estate Expert.
Chad has more than 16 years of experience in industrial real estate and has completed over 500 transactions with clients ranging from local companies to large institutional owners. Chad has been a top 15 producer country-wide since 2013 and is a partner with his local firm. In addition to earning SIOR and CCIM designations, Chad has a Diploma in Urban Land Economics from UBC and an MBA from Thompson Rivers University. Chad has given numerous interviews locally and nationally regarding the commercial real estate market and has had articles published in Forbes, Western Investor, and Real Estate Magazine.
“I think industrial real estate should scare the average investor—I think that they really should go into it eyes wide open, that if they make a mistake there can be catastrophic losses. I also think there’s an opportunity to make really big gains.”
“That’s the number one thing I recommend to people—suspend the idea that you’re collecting rent and look at that property as if it were vacant. And if you can wrap your head around paying the price that you are being asked, then you can start creating fancy models.”
02:27 - Chad tells listeners more about his background in real estate.
06:12 - Chad dives into his first acquisition.
15:34 - Chad details what he would’ve done differently on his second deal, how you can navigate industrial deals and replacement costs.
21:00 - Chad discusses his thoughts on gauging unit prices and outcomes.
22:15 - Chad provides insight into underwriting the tenant and their company's financials.
31:36 - Chad touches on triple-net leases. managing material prices, rent control, and retail markets.
34:33 - Chad explains his most challenging deal and what he could have done differently.
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