Points to Consider before Buying Industrial Property?
What exactly is industrial real estate?
Industrial real estate encompasses properties used to develop, manufacture, or produce goods and products, as well as logistics real estate that facilitates the movement and storage of goods and products.
What are the various kinds of Industrial Properties?
Industrial real estate encompasses a wide range of property types, including:
- Industrial property
- Customized industrial construction
- Warehouse & Bulk Storage
- Refrigerated Storage
- Manufacturing of large quantities of goods and products
- Assembly of Products
- Computer data centers & Call Centers
Considerations Before Purchasing Industrial Property
- Availability of various modes of transportation
- Connection to the city
- Infrastructure resources are available
- Access to carrier services
- Future expansion potential
Advantages of Industrial Property
- Return on Investment: When compared to residential and commercial properties, the return on investment is higher.
- Lower maintenance costs: When compared to commercial and residential properties, the maintenance costs are lower.
- Qualified tenants: Industrial property tenants tend to respect the buildings because they are better funded and often backed up by larger corporations.