In this week's episode I'm pleased to be joined by Michael Golden, an industrial real estate owner with a portfolio spanning over 300,000 square feet.
In addition to overseeing the portfolio, Michael has completed an extensive amount of education, including a Masters of Science in Real Estate, a Masters of Business Association and a Master of Taxation.
In short, this is an opportunity to hear from an amazingly talented individual who has professor-level education combined with extensive real world experience.
Here are the topics we discussed:
0:00 - Introduction
3:21 - Michael's largest industrial re-development
7:20 - Valuing industrial real estate opportunities
8:47 - Internal underwriting process
13:05 - Cash (flow) is King
15:50 - Decision analysis when considering opportunities
19:55 - What Michael likes about industrial real estate
25:00 - Advice for new investors
27:15 - Getting in touch with Michael
32:03 - Bloopers (sorry Michael!)
We mentioned at the end of the video that we're working on converting some amazing Excel spreadsheets into the Google Sheets workbook that I've been updating. I'll post an update in the comments when that's complete, but in the meantime, here is the link to the free document which currently contains an NER calculator, rent roll template, industrial property checklist, and amortization schedule (both Canada and the US):
https://docs.google.com/spreadsheets/d/15wRgVpxB4GNKxO-yECo8aRncPmIqY4yhz54N-eFP9E4/edit?usp=sharing
Connect with Michael on LinkedIn: https://ca.linkedin.com/in/michaelsgolden
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š Chad Griffiths, MBA, SIOR
NAI Commercial Real Estate Inc.
