My client bought a defunct manufacturing plant in which to put a new machine shop he was starting. What to do with the rest of the property?
What I Did
I converted the other buildings into a light industrial park. I negotiated leases with both national tenants and local companies and managed the property. I found and hired a broker, managed her, and ultimately sold the property to local investors.
The owner got a cash flow over a number of years and then got his money out and then some.