Things to consider when choosing industrial property:
Location: Near transportation
Highways
Airports
Railroads
Seaports/ Riverports
Visibility from major highways
Labor
Low wages
Skilled
Nonunion
Markets
Proximity to
targeted market (shipping costs to markets)
Zoning
Will zoning
allow you to do what is required by your company?
Incentives from local government
Tax incentives
to locate to the area
Access
Raw materials
Loading Docks
Drive-in Doors
Rail Spur
Truck Turnaround Space
Employee Parking
Client/Customer Parking
Security
Fence
Alarms
Guards
Space
Yard Storage for
Machinery, Materials, Waste
Room for Expansion
Utilities
Electricity - Three-phase
Water
Natural gas
Sewer
Chemical Handling
Waste Disposal Systems
Building Features
Floor Space (Square Feet) __
Ceiling Height (Clear)
Bay Spacing
Span Distance
Floor-Load Capacity
Lighting
HVAC
Sprinkler, Fire Hydrants
Cranes
Freezers
Computer Rooms
Clean Rooms
Furnaces
Extreme Security
Once you decide to sell or lease office space, a Commercial specialist will tailor a
marketing program designed for your needs and will assist you every step of they way.
Industrial Property Improvements Checklist
Considerations if you are buying industrial property improvements
Will property need major repairs soon (depreciation)?
Roof
Parking Lot
Walls, Foundation
Competition for Tenants
· What comparable properties are available?
· Will new comparable properties be built in the area in the near future?
Economic climate (as it affects the use of this building)
· Local
· Regional
· National
Existence of latent liabilities
Toxic Wastes
Asbestos
Underground Tanks
If industrial property is tenant-occupied consider:
· Credit of Tenant
· Terms of Lease
· Future of Tenant's Business and Industry
Once you decide to sell or lease office space, a Commercial specialist will tailor a
marketing program designed for your needs and will assist you every step of the way.