Author: Trentonwagnercre
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One of the biggest distinctions I have learned while working in industrial commercial real estate is the difference between an owner-user property and an investment property. Although both involve purchasing commercial real estate, the reasons behind the purchase and the way buyers evaluate the property can be completely different. For industrial property owners, I think…
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One thing I have noticed while researching industrial properties throughout Northern Nevada is how much the condition and functionality of a building can impact its value. Two industrial buildings can be similar in size and location but attract very different buyers depending on how well they have been maintained and what improvements have been made…
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One thing I have learned working in commercial real estate is that a lease agreement can have a significant impact on the value of an industrial property. A lot of owners focus on how much rent they are collecting each month, but there are several other things within a lease that can influence the property’s…
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The Northern Nevada industrial market has experienced quite a bit of change over the past few years. Between new construction, changing interest rates, and shifts in tenant demand, the market today looks different than it did during the period of rapid industrial growth. For property owners, I think it is important to understand what these…
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Selling an industrial property is not always as straightforward as putting it on the market and finding a buyer. There are several things that can impact the value of a property, the type of buyers it attracts, and how smoothly a transaction moves forward. Whether an owner is actively considering selling or just wants to…
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Vacancy is one of those numbers that gets brought up all the time when people talk about the industrial market, but I think it is easy to look at it the wrong way. If vacancy goes up, it does not automatically mean every industrial owner is in trouble. If it goes down, it also does…
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Whenever an industrial property sells, one of the first questions I usually get from nearby owners is what that sale means for their property. A recent sale can definitely give us useful information, but I do not think it is as simple as taking the price per square foot and applying it to every building…
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One thing that can get confusing pretty quickly in commercial real estate is the way leases are structured. Two properties might both advertise similar rents, but the actual amount the tenant pays and the amount the owner keeps can be very different. Two lease structures I see often in industrial real estate are Triple Net,…
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When people talk about the industrial market, everything usually gets grouped together. I think that can be misleading because a 5,000-square-foot industrial building and a 300,000-square-foot warehouse are completely different products. They attract different tenants, have different competition, and can react differently when the overall market changes. This is something I pay attention to a…
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A big part of my job is researching industrial properties before I ever talk to the owner. I like to know as much as I can before I make the call so I am not going into the conversation blind. I usually start with the basics like building size, lot size, year built, ownership, zoning,…
