Looking to purchase 300,000 Sq. Ft warehouse in either NY LA Dallas or Houston
I've never done this before and have no idea where to start. Any leads would be appreciated 
Edit: We're also looking to lease a property, but have found the prices to be unreasonable long-term

Change of plans as of 0830 EST we're looking for bonded warehousing. If anybody has any leads please let me know. Thanks for the wonderful support
[{"id": "ioh4eqf", "text": "Why those city's?", "replies": [{"id": "ioh4vfs", "text": "Why at all if they have never done this before?", "replies": [], "depth": 2}, {"id": "iohonad", "text": "My brain broke reading this.", "replies": [], "depth": 2}, {"id": "iohouhm", "text": "We have an outside investor that wants us to handle their North American business", "replies": [{"id": "iohqv64", "text": "If you need assistance later with electricity/gas services, I can point you in the right direction", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ioh4tdz", "text": "You and everyone else.", "replies": [], "depth": 1}, {"id": "ioh7mup", "text": "Hahahhahaha, do you have $55 million, in cash? Otherwise I am going to have to tell you to fuck off.", "replies": [{"id": "iohp8zw", "text": "Who would purchase something like that with cash?", "replies": [{"id": "iohr0qd", "text": "Large institutional owners who would compete directly with you and have the upper hand\n\nWhy not lease instead of buy? It doesn\u2019t sound like you\u2019re looking to invest, but to expand your operations.", "replies": [{"id": "iohtfeg", "text": "Can I interest you in a sale-leaseback? ;)", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}, {"id": "iohq2ck", "text": "LA/IE, expect to be around $500+ PSF for newer product.", "replies": [], "depth": 2}], "depth": 1}, {"id": "ioh8its", "text": "I can put you in touch with some fantastic brokers if you want here in Dallas\n\nI work for a cost segregation firm and had to reach out and establish relationships with brokers so dm me if you're interested happy to help", "replies": [{"id": "iohokci", "text": "100% yes please.", "replies": [], "depth": 2}, {"id": "iu2oxtj", "text": "What\u2019s a cost segregation firm do?", "replies": [{"id": "iu31x1z", "text": "Cost Segregation is really a straightforward way to accelerate on any commercial or residential real estate\n \nThe reason we want to try it is accelerate depreciation is because the determined asset lives for these types of assets for tax purposes are very long.  \n\nFor example  on residential rentals the IRS requires that we depreciate that building over 27.5 years on a straight line basis and for commercial buildings we have to depreciate those over 39 years\nThat\u2019s a long time to wait.  Many taxpayers feel the same way and they want to take advantage of accelerated depreciation.\n\nLook at the before and after depreciation amounts that is money you don't have to pay to the government now you get to pay yourself first\n\n\nBusy Bees Automotive \u2013 Las Vegas, NV\nPurchased 10/20201, appx 18,000 sf\nPP $3,500,000 (of which $2,800,000 is total depreciable basis)\n\nOwner's 2021 depreciation expense without cost segregation  - $35,897\n\nOwner's 2021 depreciation expense with cost segregation - $1,086,114\n(accelerated amount was 38.47%)\n\n*********\n\nHotel, Hampton Inn, CA\nPurchased 12/2020, appx 50,000 sf\nPP $9,910,566 (of which $8,615,061 is total depreciable basis)\n\nOwner's 2020 depreciation expense without cost segregation  - $18,408\n\nOwner's 2020 depreciation expense with cost segregation - $3,043,420\n(accelerated amount was 35%)\n\n*********\n\nLarge Multifamily Apartment, Boise, ID\nPurchased 11/2020\nPP $14,393,083 (of which $12,245,031 is the depreciable basis)\n\nOwner\u2019s 2020 depreciation expense without cost seg - $261,692\nOwner\u2019s 2020 depreciation expense cost with cost segregation - $3,918,400.\n(accelerated amount was 32%)\n\n\nYou get the picture, It's all about accelerated depreciation", "replies": [{"id": "iu40ekt", "text": "Wow. That just blew my mind; in a good way. \n\nSo I'm thinking this is really intended for short term holds?\n\nThank you again for sharing. Very informative \ud83d\ude4f\ud83d\udc4d", "replies": [{"id": "iu49y3z", "text": "It is recommended that if you're going to hold a property for three or more years get a benefit analysis for your cost segregation and look at the numbers with your financial advisor.\n\njust keep in mind there are dishonest cost segregation firms out there who will sell you a study even though you can't use it but as long as you are holding the property for three or more years you just have to evaluate the numbers :)", "replies": [{"id": "iu7c4dx", "text": "\ud83d\udc4f Bravo. That just made my day. \ud83d\ude4f\ud83d\udc4d", "replies": [], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ioha4jm", "text": "I\u2019m a CRE Realtor in NJ. Tons of warehouse space available here, a little cheaper than NY and just over the river. DM me if interested.", "replies": [{"id": "iohonlx", "text": "Yes please can you please DM me your details", "replies": [{"id": "iolregt", "text": "Camden is great. Just ride in armored cars. \ud83d\ude02", "replies": [], "depth": 3}], "depth": 2}, {"id": "iokxj8w", "text": "Tons of 300,000-square foot warehouses in Camden, not Newark....", "replies": [], "depth": 2}, {"id": "iolruzy", "text": "Would love to hear where you see tons of 300k sf spaces in NJ\u2026.", "replies": [], "depth": 2}], "depth": 1}, {"id": "iohdmts", "text": "Vacant or tenanted?\n\nI\u2019m in Dallas btw.", "replies": [{"id": "iohos00", "text": "Vacant", "replies": [], "depth": 2}], "depth": 1}, {"id": "iohe6cj", "text": "I am so so curious what your backstory is on this, where you need so much space, don\u2019t know how to do it, and don\u2019t care what city. Feel free to PM and I promise I won\u2019t share it with anyone.", "replies": [{"id": "iohp1y5", "text": "Company I'm part of has an import transportation and warehousing division and we've been approached to handle something well outside of our comfort zone", "replies": [{"id": "iohsjhb", "text": "Well a few calls to local agents is a much better use of your time than asking Reddit", "replies": [{"id": "ioiumir", "text": "That's just not true. The majority of comments and direct messages from this community have been very helpful. We're located in Canada and Reddits user base is largely in America, where we need our warehouse", "replies": [], "depth": 4}], "depth": 3}, {"id": "ioik2hs", "text": "Thank you so much for satisfying my curiosity. Good luck with it!\n\nIn my limited experience, anytime something even remotely like this happens, I later realize it\u2019s a whole new business I\u2019m getting to start and that I should have created an entirely new business plan to consider if I had the necessary resources and if it was even a good idea.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "iohebmv", "text": "My group has been purchasing industrial properties in the Midwest recently, we have used a couple really great brokers we trust. Shoot me a dm", "replies": [], "depth": 1}, {"id": "iohfghh", "text": "Connected in Dallas RE, industrial/commercial.\n\n&amp;#x200B;\n\nonly a couple of places you can get that much space unless you wanna do a new build which isn't hard.", "replies": [{"id": "iohoq2k", "text": "Any lead or suggestions would be greatly appreciated, please DM me your details", "replies": [], "depth": 2}], "depth": 1}, {"id": "iohhxl3", "text": "Congrats on buying a 4.5 cap and borrowing at 5%\n\nUnless you plan to occupy the space with a business you own. I\u2019m that case, your timing isn\u2019t terrible", "replies": [{"id": "iohp6iu", "text": "Yes we're a Canadian business that got lucky a few times but have now been approached by outside investors to handle their North American business", "replies": [{"id": "ioj4cyo", "text": "Yeah so in that case, you're going to want to connect with industrial brokers in those markets. \n\nAt 300K SF, you're likely looking to a build to suite with a forward purchase agreement in place. You're not just going to find that type of space vacant right now. If you do, it could be dilapidated.\n\nI'm happy to make recommendations privately for NY/Dallas.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "iohq865", "text": "PM you", "replies": [], "depth": 1}, {"id": "iohsj7f", "text": "If in LA, what do you plan to do with the space?", "replies": [], "depth": 1}, {"id": "ioi2xqi", "text": "OP, for this type of project you\u2019ll want professional help. I fully support getting referrals and recommendations but I would recommend you reach out to a CCIM certified broker", "replies": [], "depth": 1}, {"id": "ioioqdl", "text": "I'm a licensed commercial agent here in Dallas/Houston.  My partner has been doing industrial and warehouses in Texas since 1971 if you want I can DM you.", "replies": [], "depth": 1}, {"id": "ioiuic2", "text": "If you are amenable to buying something in way upstate NY - say, Central NY, Rochester or Buffalo - you\u2019ll be met with plenty of opportunities.", "replies": [], "depth": 1}, {"id": "ioiy4yd", "text": "Have you check out South Texas? The \"real\" south Texas, for ex. McAllen, Pharr Brownsville etc. There's really good prices and ROIs. Almost everything that's for the middle-east continental USA passes through here, even a big chuck of Canadas imports", "replies": [], "depth": 1}, {"id": "ioj0m9e", "text": "I\u2019m a Texas Broker who\u2019d be happy to connect if you\u2019d like to discuss further for the TX mkt and can connect you with folks in the other areas you need. Let me know and I\u2019ll send a DM.", "replies": [], "depth": 1}, {"id": "iojg1iv", "text": "What is the building for?", "replies": [], "depth": 1}, {"id": "iok7bv8", "text": "You like 3 caps too?", "replies": [], "depth": 1}, {"id": "iokvzh4", "text": "Fort Worth area - look at Alliance Texas along I-35. Has very close links to a cargo airport and railroad shipping as well depending on your business. There are undeveloped lots available for build to suit with new construction going up all the time.", "replies": [], "depth": 1}, {"id": "iokxekd", "text": "Finding an existing building of that size in NY or LA that is even for sale would be difficult, even if you had the cash to pay a tidy sum.  Texas? I would imagine it would be cheaper to simply buy land and build it.  You don't seem to mention anything highly specialized like cold storage.", "replies": [], "depth": 1}, {"id": "iuyk0fg", "text": "I am a commercial real estate broker here in LA/OC. Feel free to PM me. I have access to tons of off-market deals.", "replies": [], "depth": 1}]