A real estate investor breaks down an industrial opportunity: a 3,000-sq-ft garage valued at $1.5 million for luxury RV storage with concierge services. He stresses checking whether the property sits on Native American reservation land and qualifies as an Opportunity Zone before investing.
Did you see what the deal was today? Development for storage or other, some other best use scenario. And that's, that's the part about luxury RV and toy storage is that you're giving them the concierge service, right? So, and helping them get in and out faster and get on their, get on their recreation. And so having an operator to do that is very important. So you can, you can definitely get some higher income in here. They have a 3,000 square foot garage that, that is worth How much did she say it was? Like $1.5 million for 3,000 square foot? So good amount of, uh, good amount of stuff there. You got all these people right here that definitely need those. Like a laydown yard is serious, seriously a big thing over there because of the amount of expansion they're doing. If you got long runs, because I think like if they're building skyscrapers over there, like literal skyscrapers, they have crane towers that go, you know, a couple hundred feet in the air, 300, 400 feet in the air. Those, those riggings need at least 50-foot-long stretch and then to turn around and pick them up and move. And like with the, with the way that the site's laid out, it's very possible that a laydown yard would be perfect for that. And I'll tell you the 100% reason I don't like it. The first thing is I need to make sure that this is not on— that's the other thing. This hopefully is not on native land because then it's not a purchase at all. Do we know if it's on, if it's on Indian reservation? We go over here to Opportunity Zone Wizard. Let's do that real quick. We're going to use another tool that we, we designed called the Opportunity Zone Wizard. So this is giving us a little breakdown of what your area looks like. We want to look at this property as a possible industrial development for storage or other, uh, some other best use scenario. We also need to identify if this is in the opportunity zone area or if it's on Native American land. So the OZ Wizard 2.0 is really, really good at getting those things figured out. And so I'm encouraging anyone who has deals to carry their deal over here and, and do a report from wherever they're doing it. They're doing a— if they're— if you're using Deal Hunter, tell it to create a report, then bring that report back over here and line it up in this and tell it run this deal through here and, and validate it's in the opportunity zone area. That'll get you helped out a lot.
