Duke Dennis and Bryan Sonn of GC Realty & Development join us to explain the ins and outs of Chicagoland Industrial Investments!
Duke and Bryan explain how they got their start in industrial real estate. They dive deep on the differences between residential and industrial property investing. They discuss how they went from a property manager to an owner operator and share ways to add value to industrial properties. Duke and Bryan get granular on a deal in Mundelein including details on the capital raising, acquisition, stabilization, and hurdles that come up during the process. Through the show, Duke and Bryan provide insights to industrial property investing and convey the major ROI opportunities in this often overlooked asset class!
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00:52 Housing Provider Tip - Understand best tenant applications in a competitive market!
02:33 Intro to our guests, Bryan Sonn and Duke Dennis!
06:48 Managing industrial properties compared to residential.
10:38 From property manager to owner operator.
20:03 Value-add components on industrial properties.
30:50 Breaking down a Mundelein industrial deal.
37:46 Dealing with and overcoming unexpected challenges.
41:28 Avoiding liquidity issues on large scale projects.
53:07 Benefits of being a passive investor in a reputable syndication fund.
55:53 Opportunities in smaller scale industrial deals.
63:36 5 Year Outlook on Chicagoland Industrial Property Market!
67:40 What is your competitive advantage?
68:50 One piece of advice for new investors.
71:10 What do you do for fun?
71:36 Good book, podcast, or self development activity that you would recommend?
72:07 Local Network Recommendation?
72:17 How can the listeners learn more about you and provide value to you?
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Connect with Mark and Tom: StraightUpChicagoInvestor.com
Email the Show: StraightUpChicagoInvestor@gmail.com
Guest Name: Duke Dennis & Bryan Sonn
Guest Company: GC Realty & Development
Guest Link: https://www.gcrealtyinc.com/
Other Links for show notes:
Bryan’s Email: Bryan@GCrealty.inc
Duke’s Email: Duke.Dennis@GCrealty.inc
