Worst Property Deal Ever? Dodgy Tanks, Old Infrastructure! #shorts
In this YouTube short, two speakers evaluate an industrial property listed at about $292 per square foot—more than double the local industrial average of $139. They flag several red flags: outdated 1970s‑80s infrastructure, underground 15,000‑gallon diesel tanks from 1978 that are likely non‑compliant, significant environmental exposure, and a mismatch between the legacy facility design and current usage requirements. The listing also shows inconsistent data, reporting 51,000 sq ft of rentable area but only 4 ft of usable space. The speakers argue that without a 50 % price reduction or extensive expert due‑diligence (operations manual, floor plans, utility bills, electrical diagrams, maintenance logs, permits, Phase I/II environmental studies, etc.), the deal is a “colossal waste of time.” Their tone is critical and frustrated, emphasizing that the seller likely omitted key information and that the property would need a full remodel.
