From $1.6M to $1.89M in 12 Months: The Cold Storage Deal That Keeps on Giving copertina

From $1.6M to $1.89M in 12 Months: The Cold Storage Deal That Keeps on Giving

From $1.6M to $1.89M in 12 Months: The Cold Storage Deal That Keeps on Giving

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What do you get when you combine four industrial sheds, an 8.5% net yield and a tenant who’s not going anywhere?

In this episode, Andrew Wright breaks down a standout industrial property deal in Hervey Bay where he bought four sheds with an anchor cold storage tenant, all for $2M under replacement value. Eighteen months later, the property was revalued at $1.89M, and Andrew pulled $200K in equity to fund his next play.

Inside the deal:

  • How Andrew secured the asset below replacement cost
  • Why cold storage assets are sticky, in-demand and undervalued
  • What “replacement cost” actually means and how it can be your buying advantage
  • The power of persistence: 20 vendor finance rejections before one “yes”
  • How converting an extra shed to cold storage could add $500K in value
  • What a quantity surveyor found: $68K in year-one tax deductions

Plus: Andrew shares the exact checklist he uses when buying commercial property, available now at professionalssouthport.com.au

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