I love your information. We're currently in the warehouse business for almost 10 years now and we have a residential rental portfolio. We are looking to build a flex space portfolio. Let's talk. My name is Bennie
For those of you in a hurry: This video provides an insightful tour of an industrial park under development. The presenter showcases the various stages of the project, from initial planning to infrastructure setup and construction. It covers key steps: • Thorough land assessment and selection process. • Strategic zoning to optimize land use and functionality. • Installation of necessary utilities and infrastructure. • Development of a comprehensive road and transportation network. • Construction of factory units and amenities within the park. • Coordination between different teams and adherence to local regulations are highlighted. • The goal is to create a conducive environment for businesses to thrive within the industrial park. Overall, the video offers a comprehensive overview of the intricate process involved in developing a successful industrial park.
Love the project, looks great and the 16' roll ups are a big benefit. Surprised they're only pulling in single phase, I'd go straight to 3 phase but they must feel confident that users will have very light power requirements.
thats some of the constant tradeoffs on development. Add a few feet here, add a door there, pre-pour foundation to save big money. Eventually future proofing costs 2x and 4x as long. They have the pipes, just no wires
How does one procure the loan in such a high amount? I have million dollar houses, just don't know what it would be like to ask a bank for 15m for something that doest yet exist. Any pointers?
Hey Nick, if the total amount is greater than your (combined) net worths, I recommend phasing the project, you can get a construction loan that includes the land purchase. Lending is a hard part of development and something to get figured out early!
What was the $/sqft to build in that market including hard, soft etc. costs? My market it is too expensive to build since market rents would need to double to justify.
It’s a big hard to produce accurate numbers since they bought the full 12 acres at closing. They are doing site wide dirt work but not pouring any foundations. Roughly I think it will be $16m for 200,000 sq ft BUT that also includes front buildings which were pre existing and just needed new doors, interiors
