Brett Knisely

I own a couple waterfront restaurants and invest profits into commercial and industrial real estate; I love to ride gravel bikes, jetskis, and Detroit sports

[Brett Knisely @KniselyBrett]

DEAL DEEP DIVE: My first industrial property investment

The story of how I 3x'd my NOI in 2.5 years!

[Brett Knisely @KniselyBrett]

@mr_bullet_proof you think it's bad now wait till next week

[signüll @signulll]

working for yourself is addictive in a way most people don’t anticipate & the stress that comes with it is genuinely difficult to manage. when you’re the principal, nothing happens without you. you set the tone, the structure, the culture, & the motivation. you are the foundational layer.

most ppl have never had to operate this way cuz they’ve always been embedded in a system & told what to do, when to do it, & what matters. aka the shawshank lifestyle. the human mind runs surprisingly well on prescription. strip that away & you discover pretty quickly whether you actually have an interior architecture or just a talent for compliance.

that’s what makes it so damn dichotomous. the freedom is so fucking real, but so is the weight. all i’m saying is that most ppl have never had to locate their own gravity before.

[Barstool Detroit @BSMotorCity]

MO SEIDER SENDS US HOME HAPPY

[Brett Knisely @KniselyBrett]

@NorthrupKip I'd start by removing the overgrown shrubs to reveal the windows more, for sure...

[Brett Knisely @KniselyBrett]

@NorthrupKip Congrats on the deal Kip! How is the leasing process going - any luck yet?

[Brett Knisely @KniselyBrett]

Building a company is one of the most challenging and rewarding journeys because it forces you to confront every dimension of who you are while simultaneously creating something that didn’t exist before. Few experiences combine that level of pressure, creativity, uncertainty, identity, and long-term meaning.

[Chris Ramsey | SMB and R.E. @ChrisRamsey60]

The playbook is laid out.

You master real estate.

Specifically industrial real estate.

You find a building undervalued or leased for less than it should be.

You acquire them and lease for market rates.

Triple net leases.

Much less operational heavy than others real estate asset classes so you can Turn your focus to the next deal.

Repeat.

Build an empire with a small team.

[JT🇨🇦 @Jeffdthompson]

Everyone thinks retail is where the action is but have got seen Industrial?!

From fire truck and fountain repair, to plane tires and engines. Businesses your never even knew existed or thought of.

So cool!

[Storage Stache @StorageStache1]

Meeting a longtime Twitter homie IRL @KniselyBrett .

My partner on a development deal in Michigan (Logan Scott) and I met him for lunch & strategy convo.

Brett is kicking ass in Industrial RE and owns the lakefront restaurant we’re sitting in. Awesome guy. Give him a follow.

[Brett Knisely @KniselyBrett]

@StorageStache1 @StorageStache1 It was a pleasure meeting you and Logan! Loved hearing about your projects and all that you guys have been up to. Keep crushing it my guy!

[Ryan Hana @RyanHanaWWP]

THE CAPTAIN CALLED GAME 🚨 DYLAN LARKIN OVERTIME WINNER #LGRW

[Brett Knisely @KniselyBrett]

@Jeffdeehan I’m with you! The best memories 🌅

[Brett Knisely @KniselyBrett]

@ChrisRamsey60 I'm doing exactly this and learning along the way.

https://t.co/hRdhNgxk7P

[Brett Knisely @KniselyBrett]

DEAL DEEP DIVE: My first industrial property investment

The story of how I 3x'd my NOI in 2.5 years!

[Brett Knisely @KniselyBrett]

@NorthrupKip Wow.. maybe after it sits a while longer they’ll reconsider..

[Brett Knisely @KniselyBrett]

@Bay2WallCRE 1) Yes, funded all cash to stabilize. I then pulled some of that $ out via refi to fund the next deal.

2) The main bldg was actually re-leased before the original tenant vacated, so minimal downtime.

3) I pay the taxes/insurance, tenants reimburse via monthly NNN charge back

[Brett Knisely @KniselyBrett]

DEAL DEEP DIVE: My first industrial property investment

The story of how I 3x'd my NOI in 2.5 years!

[Brett Knisely @KniselyBrett]

DEAL DEEP DIVE: My first industrial property investment

The story of how I 3x'd my NOI in 2.5 years!

[Brett Knisely @KniselyBrett]

Final Thoughts:
I love Industrial! This property was a blast to turn around and it taught me a ton along the way. I plan to hold long term and use the cash flow to save up for the next industrial acquisition.

[Brett Knisely @KniselyBrett]

Results:
- Total Improvement costs = $461,000
- New stabilized NOI of $177,477! (up from $67K)
- Stabilized cap rate of 14.2% after all deal costs and improvements
- Time to stabilization: 2.5 years
- Projected value @ 10% Cap Rate = $1,774,780