Buying Industrial Real Estate – Key Factors to Consider
Given the current condition of the commercial/industrial real estate market, there is an excellent opportunity for people who have the capital, and or credit to acquire industrial/warehouse properties well below market pricing.
With this in mind, it is important to follow the old adage in any type of real estate “keep the next buyer in mind when purchasing the property”. In other words, make sure the features of the property will be appealing to as many potential buyers as possible. Realizing that this property is there to support your business, you cannot meet every potential buyers needs, but below is a list of key features that are very important to most buyers.
Before we begin, I would like to comment of the state of industrial properties in the U.S. As we all know, more manufacturing jobs are moving overseas. The U.S. is shifting from a production based economy to a distribution economy and import volume is increasing quickly every year. Consequently, developers have responded by providing larger and more efficient distribution centers (warehouses) to meet this need. These are key factors to keep in mind.