<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>SCHEDULE 13G</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0002012901</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <securitiesClassTitle>Class C Common Stock, $0.001 par value per share</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>02/20/2024</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001645873</issuerCik>
        <issuerName>Modiv Industrial, Inc.</issuerName>
        <issuerCusip>60784B101</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>200 S. VIRGINIA STREET, SUITE 800</com:street1>
          <com:city>RENO</com:city>
          <com:stateOrCountry>NV</com:stateOrCountry>
          <com:zipCode>89501</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(c)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>First City Investment Group, LLC</reportingPersonName>
      <citizenshipOrOrganization>DE</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>1312382.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>1312382.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>1312382.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <classPercent>14.7</classPercent>
      <typeOfReportingPerson>OO</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>Modiv Industrial, Inc.</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>200 S. VIRGINIA STREET, SUITE 800, RENO, NEVADA, 89501.</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>First City Investment Group, LLC</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>21140 S. Avalon Blvd.
Carson, CA  90745</principalBusinessOfficeOrResidenceAddress>
        <citizenship>Delaware, United States of America</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>Y</notApplicableFlag>
      </item3>
      <item4>
        <amountBeneficiallyOwned>1,312,382</amountBeneficiallyOwned>
        <classPercent>Based on 7,590,138 shares of Class C Common Stock issued and outstanding as of
October 31, 2023 pursuant to Quarterly Report on Form 10-Q for Modiv Industrial, Inc. as filed with
the Securities and Exchange Commission on November 13, 2023: 14.74</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>1,312,382</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>0</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>1,312,382</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>0</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
        <classOwnership5PercentOrLess>N</classOwnership5PercentOrLess>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under &amp;#167; 240.14a-11.</certifications>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>First City Investment Group, LLC</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Nasser Watar</signature>
        <title>Sole Member</title>
        <date>02/22/2024</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
</edgarSubmission>
