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Commercial Industrial Property Investments - Things to Consider
by garytharp on Jun 21, 2011
If you are conservative or a beginner investor, you would want to purchase a pre-constructed building to get started in industrial property investments. You don’t have to build new to get started.
However, be prepared to ask yourself some hard questions, such as, “Is it a marketable location, or is there a market for this type of building?”
For example, say you have two buildings the same size, 10,000 square feet: one priced at $450,000 and one at $600,000. If the rent is slightly less in the $450,000 building than the rent in the $600,000 building, you may consider the $450,000 building a better deal because rent can always increase over time.
If the buildings are the same age and size, usually the difference in price becomes a function of location. These types of buildings are usually located in small industrial or commercial parks, where zoning is appropriate. Other differences may also impact the price. For example, if one building is...Read More >>
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