Criteria for Industrial Investment
For those that invest in industrial properties, what is your criteria?
[{"id": "fzd2tod", "text": "Logistics and proximity. \nBasically it's distance to a major highway, rail or port and can employees easily access it. Studies show public transit isn't near as much a factor in pricing of industrial as it is for residential or commercial.", "replies": [], "depth": 1}, {"id": "fzd5pll", "text": "Market rent vs what you\u2019ll be able to charge, especially for single tenant properties. I\u2019d also be wary of environmental issues/deferred maintenance that would scare a lender away.", "replies": [], "depth": 1}, {"id": "fzd7a6q", "text": "Industrial specific: Ceiling heights, number of docks (and drive-in doors), number of parking spaces, truck bays ability to handle large trailers, column spacing, proximity to highway(s), proximity/drive distance to substantial population;  plus the usual: market vacancy rates, rent growth, new supply, deferred maintenance (esp roof, parking lot, mechanicals); re: in place leases: credit of tenant, rents versus market rent, length of existing term. Prologis has good intro reading on their website too", "replies": [{"id": "fzex2id", "text": "Thanks for your response. We are looking at smaller facilities right now. 30,000 SF and less. Not necessarily distribution only - manufacturing would be ok. But if the facilities would work for distribution as well (mainly e-commerce) that would be a plus. I am in the warehousing business already so I understand the importance of clear height and dock doors. Is there a ratio for dock doors per square feet? How many would be good? Will check out pro logis website as wel", "replies": [], "depth": 2}], "depth": 1}, {"id": "fzent8z", "text": "What a broad question.", "replies": [{"id": "fzew07o", "text": "I\u2019m sure many people have fairly standard criteria that they use to sift through opportunities", "replies": [], "depth": 2}], "depth": 1}, {"id": "fzoo9gy", "text": "Great questions, actually. I\u2019m still getting up to speed myself and want an answer to that very question!", "replies": [], "depth": 1}]