{"id":189,"date":"2007-05-16T20:10:34","date_gmt":"2007-05-17T02:10:34","guid":{"rendered":"http:\/\/www.montreal-realestate.ca\/english\/2007\/05\/about-industrial-properties\/"},"modified":"2007-05-16T20:10:34","modified_gmt":"2007-05-17T02:10:34","slug":"about-industrial-properties","status":"publish","type":"post","link":"https:\/\/www.montreal-realestate.ca\/english\/about-industrial-properties\/","title":{"rendered":"About Industrial Properties"},"content":{"rendered":"

With co-ownership becoming popular with developers and manufacturers, there are many new players in the business. There is less risk. Buildings are going higher, up to 30\u2019, with mezzanines becoming popular for office space.<\/p>\n\n\n\n
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Giving office workers birds eye views of the warehouses.<\/p>\n

There are two types of industrial properties:<\/strong>
\n#1 Single tenant, which are small to large buildings that are usually owner occupied.
\n#2 Multi-tenant (industrial condos), which are owned by large and small investors (20,000-80,000sq\u2019)<\/p>\n

The zoning is determined by the municipality which is usually away from residential.<\/strong>
\nN1 \u2013 light industrial, multi-tenant
\nN2 \u2013 medium industrial (packaging), single & multi-tenant
\nN3 \u2013 heavy industrial (chemical & noise), single, usually 5-15 miles out of town<\/p>\n

To buy industrial there are certain elements to look at:<\/strong><\/p>\n

    \n
  • Type \u2013 manufacturing or warehousing<\/li>\n
  • Amount of people employed<\/li>\n
  • Outside storage \u2013 look at municipal by-laws, some allow it and some don\u2019t<\/li>\n
  • Parking areas – Office space, rule of thumb, 5 parking spaces per 1000 sq\u2019. Industrial space, rule of thumb, 1 parking space per 1000 sq\u2019.<\/li>\n
  • Railway areas \u2013 not much of a big player these days.<\/li>\n
  • One of the most overlooked components of building an industrial building is having enough room for a 53\u2019 trailer to back up. Many properties stay on the market abandoned for this reason.<\/li>\n<\/ul>\n

    Access to municipal services<\/strong><\/p>\n

      \n
    • Water pressure, minimum 2\u201d water line<\/li>\n
    • Waste disposal allocation<\/li>\n
    • Power\/electrical<\/li>\n<\/ul>\n

      Building permit<\/strong><\/p>\n

        \n
      • Restricted areas<\/li>\n
      • Zoning by-laws<\/li>\n
      • Size & height<\/li>\n
      • Loading docks D\/I & T\/L<\/li>\n
      • Column span (30×30) (30×45) \u2013 maneuverability for a forklift<\/li>\n
      • Sprinkler system<\/li>\n
      • Water supply & pressure<\/li>\n
      • Adequate space: Office, warehousing, parking, loading & unloading<\/li>\n<\/ul>\n

        Land & Building Ratio<\/strong><\/p>\n

          \n
        • 50,000sq\u2019 of building = 100,000sq\u2019 of land (2:1 ratio)<\/li>\n
        • 70,000sq\u2019 of building with office space = 100,000sq\u2019 of land (3:1 ratio)<\/li>\n<\/ul>\n<\/td>\n
<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Advise<\/strong><\/p>\n