Need help determining the cost to build a warehouse
I'm trying to determine how much it would cost to build a 150,000sqft commercial warehouse; height 20ft in South Carolina. I'm trying to find a rough estimate for my project for school. Any help would be amazing, thank you! 
[{"id": "dpsarrf", "text": "You can sign up with swiftestimator and pay $20 just if you decide to do a calculation. You have 7 days to make changes and calculate again with no charge.\n\nhttps://swiftestimator.com", "replies": [], "depth": 1}, {"id": "dpschec", "text": "I'd say find an industrial developer who graduated from the school you're in now. Call them and tell them what you're doing and what info you need. That's going to be your best info. ", "replies": [], "depth": 1}, {"id": "dpshpck", "text": "Ballpark $55-$60 a foot build cost plus land and development charges. \n\nThere are factors that will drive price up and it's possible that you could build cheaper.\n\n20' clear is very low these days. Most new builds are a minimum of  28' + depending on the market.\n\nSource: I manage a 20M sf industrial portfolio. ", "replies": [{"id": "dpsi2kc", "text": "Never thought I'd make a pitch on reddit, but are you looking for another debt source? Single project holds to about 40mm+ depending on credit quality and can take full underwrite syndication higher", "replies": [{"id": "dpsicxs", "text": "Appreciate the offer. TBH I am mainly involved in the leasing, development and transaction aspects of the business and let the finance guys figure out where the money is coming from. But I think we are well covered, pretty sure we have a revolving line of credit in the 100s of millions to draw on when needed.", "replies": [{"id": "dpsiy0v", "text": "Figured, but nothing to lose. I'm a bit bullish on industrial, partially b/c it's under allocated in our portfolio but I like the lease structures.\n\nMost of what I do is office followed by multifamily, so I only know enough about industrial to be dangerous. \n\nWhat are your biggest concerns about the industrial sector over the next 5 years? \n\n", "replies": [{"id": "dpt20uk", "text": "A lot of people seem bullish on industrial these days. E-commerce and logistics have driven the demand for warehouse space through the roof and pricing for conventional warehouses located anywhere near a major metropolitan centre have risen significantly. Overall I see this trend continuing. Long term automation may impact the market as we experience a shift in the logistics as a result of driver-less vehicles, but I think that the demand for well located distribution centres will remain strong regardless. Manufacturing is another issue all together. Any investment in a building with a manufacturing operation should be carefully considered.", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}, {"id": "dpsmpm0", "text": "Would you finance a partially stabilized building? We are taking over a 155,000 sqft warehouse with 25% current occupancy. ", "replies": [{"id": "dpsnvdr", "text": "You're likely to find 50% LTV with a earn out upon stabilization.", "replies": [{"id": "dpso3kp", "text": "What is earn out? Like a cash out, at a new valuation? ", "replies": [{"id": "dpthf0y", "text": "Likely means a conditional commitment with some of the loan proceeds upfront and the remainder unlocked upon stabilization", "replies": [], "depth": 6}], "depth": 5}], "depth": 4}, {"id": "dpt28zq", "text": "Depends on the history.  \n\nAt 25% occupancy it probably doesn't cover I/O at a leverage point you'd want. I'd have to size the loan down to cover interest based on in place cash flows, guaranties with burn downs, but I typically offer an earnout and rate reductions based on performance hurdles", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}, {"id": "dpsmqhx", "text": "How would you recommend marketing a big warehouse like this to find a long term tenant? ", "replies": [{"id": "dpsyd45", "text": "Hire a broker. A good one. \n\nYou can do everything right, marketing, advertising, etc. But reality is that you need someone engaged in the local market that regularly transacts on this type of product. So unless you are cold calling all the regional businesses, you are better off hiring a broker.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "dptbqoq", "text": "This is how we would break it down if we were appraising the building. This is from Marshall &amp; Swift. You can also use swiftestimator as someone else mentioned to get a more precise estimate.\n\n$35.39/SF for base cost of concrete tilt-up industrial shell (Average quality)\n$45.46/SF for interior office (Average quality)(multiply this by the size of the office only)\n$1.98/SF for fire sprinklers (Average quality wet system)\n$1.05/SF for your eastern cost multiplier\n$0.88/SF for your local cost multiplier (this is an approximate average of all the counties in South Carolina)\n", "replies": [], "depth": 1}]