Cash Flow Connections - Real Estate Podcast 15% Cap Rates In Shopping Centers - E1002 - CFC
Jan 23, 2025
Manish Poushey, a savvy real estate investor based in Phoenix, shares his journey of transforming undervalued retail properties into cash flow gems. He reveals how his 2014 acquisition of a flex warehouse for $750k skyrocketed to over $3M, yielding impressive cap rates. Manish discusses unique financing strategies for liquor store acquisitions without upfront cash and emphasizes the power of focusing on a single market. He argues that retail assets still present incredible opportunities for investors in 2024, breaking down the secrets behind his success.
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Warehouse Plaza Investment
- Manish Poushey bought a warehouse plaza in 2014 for $750,000, now worth $3-4 million.
- The plaza generates 14-15% cap rates on triple net leases.
Shopping Center Success
- Manish Poushey owns a shopping center in Avondale, Arizona, purchased for $2.6 million.
- It generates $21,000 in monthly rent with triple net leases.
Zero-Down Liquor Store Acquisition
- Manish Poushey acquired a liquor store in Avondale, Arizona, without using any personal funds.
- He secured financing through inventory and revenue-based loans, netting $20,000 monthly profit.