Whether looking for a new or existing industrial plant, warehouse or commercial building, the key requirements are mostly the same:
Distance to Market / Location:
Infra Structure / Services
This is the first in a series of blog posts about the search criteria, evaluation and selection process. The achievement of your goal also rests on what is important to you both now and in the likely future. What can appear to be a small factor now may, over time, grow to be a major issue. The better you can define your needs and desires, the more likely you are to find the perfect building and location to satisfy those requirements.
In addition, you should consider availability, legalities, history (environmental), “green” requirements/desires, and aesthetics. While this is not a complete list, each of these factors break down into many sub categories.
For instance, cost is not just the cost of the property. It also includes financing, taxes, potential upgrades… just to name a few. When you add all these costs together is this still the property you want and does the cost still make sense? This same process needs to be applied to all the factors until you are sure to have captured all appropriate considerations. In that way, you will better know what you are looking for.
Stay tuned to this site and follow/subscribe for future posts as we explore each of these factors in more detail. In the meantime, sit back and think about any requirements you may have for a commercial / industrial property and then see if they are in line with the points we bring up.
Contact us to help you make your next move!
Edward Drennan, P.Eng. 30+ years Industrial / Commercial Experience
Ed White, CPIM CIRM CSCP CPF 6sigma – Jade Trillium Consulting
Making processes & organizations more effective
Not intended to solicit buyers and sellers currently under contract with another brokerage