Industrial & Mini-Storage

Industrial property is a broad term generally referring to structures housing manufacturing, repair and warehousing businesses.  The following are sub-categories of industrial real estate:

Bulk – Large and simple buildings with high ceilings and often constructed of less expensive metal.  Bulk properties have little office space and average about 50,000 square feet.  Clear ceiling height is over 24 feet.  Multiple truck level loading doors, cranes and rail access are typical characteristics.    

Office/Warehouse – Such properties come in various sizes and have between 5% to 25% of office space and can range in size from 5,000 to 1,000,000 square feet.  Clear ceiling height is generally between 18 and 23 feet.

Office/Service – Also referred to as “Industrial Flex Space”, this type of industrial property is made up of more than 25% of office and clear height less than 18 feet.  This is amongst the most people intensive category of industrial property with build-outs and amenities rivaling that of properties.  Tenants are usually high-tech manufacturers and biotech laboratory users.

Multi-Tenant – Similar in concept to an apartment complex, Multi-Tenant industrial space offers units in 1,000 – 5,000 square feet usually for a small light manufacturing, distribution or warehousing operation.  One or more grade level, roll-up doors with shared parking and in close proximity to other industrial buildings are common.     

Mini-Storage – One of the most potentially lucrative industrial properties, public storage facilities are designed for the temporary storage of personal belongings, office equipment and even automobiles.  Rental agreements are short term and management responsibilities are limited as inanimate tenants rarely complain.   Mini-storage buildings are strategically located near major highways and within urban or suburban areas.  Additional revenue can be gained by selling packing materials, moving van rentals and renting higher priced temperature controlled units.