Trying to find the perfect industrial property can be a bit daunting. If you don’t know what to look for you will probably end up wasting a lot of time, and may even buy a property but realize later on that it does not meet your requirements.
To make sure that you are able to choose an industrial property that fits your needs perfectly, there are several factors that you should take into account:
Calculating your budget can help you to save a lot of time when looking at industrial properties. Be sure to identify how much you can afford to spend on the property as well as construction of the buildings and fixed improvements that you require. Some of the other factors listed below may affect the cost, and if you know your budget beforehand you can narrow down your options more quickly.
- Physical characteristics
The physical characteristics of industrial property include the size of the land parcel, its topography, levels, soil condition, and so on. All the physical characteristics need to be identified in detail to ensure that they fit your requirements and will let you construct a building of the size and type that you require while staying within your budget.
Ideally the location of the industrial property you choose should match any requirements you have in terms of workforce availability, transportation corridors, raw material supplies, and so on. Some locations may have other advantages too, such as incentives or tax and duty reductions that can play a big role in your decision as it will influence your bottom line.
- Utilities and services
In most cases industrial properties will need access to key utilities and services such as power, water, gas, sewers, drains, and bitumen roads. It is important that you identify whether these utilities are already available on the property, and check with the local council to determine how much it will cost to connect the supply if they are not.
- Fixed improvements
Some industrial properties may already have fixed improvements – in which case you need to inspect their condition and decide whether or not they are relevant and should be kept. At the same time you should also decide on new fixed improvements that need to be built, and find out what local council regulations may be applicable.
As you can see these factors are extremely important when choosing an industrial property and you should take each and every one of them into account. If you’re still not certain, consulting a real estate agent with experience in industrial property Guadalajara or the location that you’re interested in may be a good idea.
It should be noted that aside from these factors, there are several others that may influence your decision including legalities, supply chain considerations, and local regulations. At the end of the day your focus should be on identifying your specific requirements and then focusing on industrial properties that you feel are able to meet them.