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#283 - Levi Benkert - Founder & CEO of Harbor Capital - Building a Class B Industrial Empire in Texas

The Fort

CHAPTER

How to Buy a Vacant Building

Some of the best deals we've done have been these ones where we go in and just are able to steal them. The deals you can get when you buy a vacant building. We bought one from a guy recently. He told me he's moving to Montana. Moving to Montana so he can look down on all the peons below and doesn't want to see another soul in his life. And he sold us a building for $94 a foot that we've turned over tenants into him. Our last lease was at $14 a foot. That is incredible. So I mean, this is like a 12 and a half cap.

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