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Inside Luke Morong's $70,000,000 Class B Industrial Career
Manage episode 387668241 series 3526991
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Luke Morong began his career flipping houses and syndicating apartments, he then transitioned to industrial cannabis cultivation facilities, and has now shifted to more stable industrial assets as the industry matured. Hear how one vacant building led him to a key defense contractor lease requiring $1.5 million in tenant improvements. He explains the financial engineering behind converting risky short-term leases into valuable 10+ year extensions. With insider tips on industrial underwriting, Luke outlines the key value-add strategies of industrial assets beyond the obvious paint and flooring plays.
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