- Joined
- Oct 2, 2007
- Messages
- 22
Hoping to get some feedback/thoughts on the pros and cons of investing in multi-unit industrial complexes. I have been educating myself on commercial investing over the last few months and am now in the process of getting started with commercial investing.
I have met with a few different commercial realtors and have also begun discussions with a commercial mortgage broker. I will also speak with my lawyer and accountant before putting any offers together to make sure that it is structured to best suit my intersts. I always find it useful to get their input before even pinpointing specific opportunities.
Currently I am looking for multi-unit industrial complexes as this seems to fit my criteria and long-term goals. My bias towards this type of property is partly because I am most familiar with it and I have seen the flexibility and appeal of this type of property.
I currently work out of a unit in this type of complex and it is quite appealing because it can cater to several types of businesses (we have everything from light manufacturing, pharmaceutical, tool shop, catering business, and day care in our complex).
In addition, everything is well maintained because it is everyone`s place of business so it is in their (the tenants) best interest to maintain their units.
Lastly, I find it a good investment because there are several tenants in place as opposed to one single tenant. So, if 1 or 2 units go vacant at least the others are still generating income while you work on getting new leases in place.
If any of you have feedback or tips on getting started with this type of property I would greatly appreciate it!
By the way, the area I am looking in is Kitchener-Waterloo & Cambridge.
Leslie
I have met with a few different commercial realtors and have also begun discussions with a commercial mortgage broker. I will also speak with my lawyer and accountant before putting any offers together to make sure that it is structured to best suit my intersts. I always find it useful to get their input before even pinpointing specific opportunities.
Currently I am looking for multi-unit industrial complexes as this seems to fit my criteria and long-term goals. My bias towards this type of property is partly because I am most familiar with it and I have seen the flexibility and appeal of this type of property.
I currently work out of a unit in this type of complex and it is quite appealing because it can cater to several types of businesses (we have everything from light manufacturing, pharmaceutical, tool shop, catering business, and day care in our complex).
In addition, everything is well maintained because it is everyone`s place of business so it is in their (the tenants) best interest to maintain their units.
Lastly, I find it a good investment because there are several tenants in place as opposed to one single tenant. So, if 1 or 2 units go vacant at least the others are still generating income while you work on getting new leases in place.
If any of you have feedback or tips on getting started with this type of property I would greatly appreciate it!
By the way, the area I am looking in is Kitchener-Waterloo & Cambridge.
Leslie
