WTF? Warehouse for $1? Does that even happen?
Yep. In the US, any transfer of titular property (outside of inheritance) requires a monetary exchange. A property that is not profitable, but would be costly if abandoned by the land owner, may be sold for a small sum of money. (The new owner has to take care of any industrial waste, effluage, etc).
Besides, this video is a joke, but your question I found to be valid.