Environmental Concerns in Older Industrial Buildings0

Posted by Thomas Miller, CCIM

Industrial Real Estate and Q4 2012 Market ReportNew, cutting-edge buildings have their advantages, but older industrial and commercial buildings can surprise you. Many of them boast unique characteristics that make them worth a second look for a wide range of industries. Still, there are environmental concerns in older industrial buildings that should be carefully factored, as potential liability issues down the line could bring a big economic hit. Before you move forward with an older industrial building, here are a pair of environmental issues to consider.

Asbestos is Common

Asbestos is one of the most common concerns with older industrial buildings. It’s generally assumed that all asbestos should be removed immediately, no matter the cost or inconvenience, but that’s always needed. A critical first step is identifying all areas that contain asbestos. This is easily done with a qualified inspection – ask an experienced industrial real estate agent for a recommendation). There is no absolute obligation to remove all building materials containing asbestos, and in many instances, it’s possible (and more practical) to retain those materials, with one big caveat. Any such building materials should be in sound condition with no risk of fibers from the material becoming airborne or friable. In its solid state, asbestos does not pose any known health problems.

So is Mold

Mold is often found in older buildings. Many prospective buyers direct their attention to testing air quality, but this is really just a symptom of a larger issue. Instead, buyers should investigate the cause of the wet condition that created mold in the first place – leaking roof, walls, windows, pipes, malfunctioning HVAC systems, etc. Until this is addressed, mold will continue to be an issue. And once the source is located and repaired, elimination procedures can be considered for the existing mold condition. Mold treatments can vary widely and will be dictated by the extent of the contamination.

Are They Deal Breakers?

No. Both issues deserve due consideration, but neither is uncommon. As long as adequate professional attention is given to the matter, there’s no reason to instantly cross it off your short list. Ask your real estate professional for more information and recommendations for services that can provide inspections and reporting.

Read more →

Our posts are intended to educate commercial real estate users so they can make better decisions in their real estate use, investments, buying and selling. We encourage your input and commentary. If you are enjoying these posts and finding them useful, help spread the word via Facebook, Twitter, LinkedIn, Google + or email with the buttons above.

Industrial Warehouse Classifications0

Posted by Thomas Miller, CCIM

miller-industrial-properties-warehouse-classificationsThere’s a surprising amount of variation in the world of warehouses, and it’s not something you may notice until you find yourself in need of one. The next step is a thorough education in what makes one warehouse different from another so that you can be very clear on which one suits your needs now and into the future. A good source of that information? An experienced agent. But before you start begin that search, here’s what to know about warehouse classifications in northern Nevada.Read more →

Our posts are intended to educate commercial real estate users so they can make better decisions in their real estate use, investments, buying and selling. We encourage your input and commentary. If you are enjoying these posts and finding them useful, help spread the word via Facebook, Twitter, LinkedIn, Google + or email with the buttons above.

Don’t Make this Mistake on your Industrial Property Tour0

Posted by Thomas Miller, CCIM

tipping-hand-miller-industrial-properties-renoWhen you’ve been in the industry for any length of time, it’s easy to spot inexperience and beginner mistakes. One of the mistakes that lessees and buyers make again and again happens during the property tour, and interestingly, it happens with experienced and inexperienced folks alike. However, once it’s pointed out to you, it’s easy to avoid. Read on, and you’ll never make this mistake on your industrial property tour.

Read more →

Our posts are intended to educate commercial real estate users so they can make better decisions in their real estate use, investments, buying and selling. We encourage your input and commentary. If you are enjoying these posts and finding them useful, help spread the word via Facebook, Twitter, LinkedIn, Google + or email with the buttons above.

Another Average First Quarter Performance in Northern Nevada0

Posted by Thomas Miller, CCIM

market-advisor-2019-miller-industrial-propertiesIndustrial real estate in northern Nevada for the first quarter of 2019 makes for uninspired reading in the Market Advisor, our quarterly report. Fortunately, we did have useful observations to share about market performance in Reno-Sparks as a whole.Read more →

Our posts are intended to educate commercial real estate users so they can make better decisions in their real estate use, investments, buying and selling. We encourage your input and commentary. If you are enjoying these posts and finding them useful, help spread the word via Facebook, Twitter, LinkedIn, Google + or email with the buttons above.

Three Mistakes to Avoid When You Choose an Industrial Real Estate Agent0

Posted by Thomas Miller, CCIM

miller-industrial-properties-for-lease-sale-northern-nevadaHiring an industrial or commercial real estate agent is a crucial step of your real estate transaction. The right agent can significantly impact your experience for the better, and it’s wise to find one with experience and a successful track record. And yet, many people rush this process. Don’t be one of them. Here are three mistakes to avoid when you choose an industrial real estate agent. … Read more →

Our posts are intended to educate commercial real estate users so they can make better decisions in their real estate use, investments, buying and selling. We encourage your input and commentary. If you are enjoying these posts and finding them useful, help spread the word via Facebook, Twitter, LinkedIn, Google + or email with the buttons above.

Will My Lease Rates Go Up If I Use an Industrial Real Estate Agent?0

Posted by Thomas Miller, CCIM

industrial-real-estate-agent-miller-industrial-properties-renoNo. This is a question that comes up now and again, but let us reassure you – your lease rates will not go up if you use an industrial real estate agent. In fact, using an experienced agent likely means securing a much better rate than you might be able to negotiate on your own. Here’s why. … Read more →

Our posts are intended to educate commercial real estate users so they can make better decisions in their real estate use, investments, buying and selling. We encourage your input and commentary. If you are enjoying these posts and finding them useful, help spread the word via Facebook, Twitter, LinkedIn, Google + or email with the buttons above.

3 Critical Considerations Before You Renew Your Industrial Lease0

Posted by Thomas Miller, CCIM

miller-industria-properties-warehouse-classificationsSigning a lease on an apartment may help entrepreneurs feel prepared for the industrial lease process, but the experiences are vastly different. And because a bad lease is like a slow leak – in the sense that it may be minor at first, but over time, it’s going to cause big problems – anyone considering industrial space would be well served by not forging ahead alone. That’s true whether you’re considering your first lease or your second, which actually tends to be the one that makes or breaks a business. A lease is a binding legal contract, so ask yourself whether you truly have the experience and knowledge to be completely clear on everything it entails. Whether or not you decide to find someone to guide you during this process – and we strongly recommend you do – here are three critical considerations before you renew your industrial lease.Read more →

Our posts are intended to educate commercial real estate users so they can make better decisions in their real estate use, investments, buying and selling. We encourage your input and commentary. If you are enjoying these posts and finding them useful, help spread the word via Facebook, Twitter, LinkedIn, Google + or email with the buttons above.

When is the Best Time to Begin Looking for Industrial Real Estate?0

Posted by Thomas Miller, CCIM

miller-industrial-when-to-begin-looking-industrial-real-estateThis is a great question, and particularly so if you’re a tenant. When you have the wherewithal to ask something like this, it reveals an understanding of the benefit of getting ahead on your industrial real estate needs. Unfortunately, there’s no simple answer to the question of the right time to begin the industrial real estate hunt. But here’s what we can advise. … Read more →

Our posts are intended to educate commercial real estate users so they can make better decisions in their real estate use, investments, buying and selling. We encourage your input and commentary. If you are enjoying these posts and finding them useful, help spread the word via Facebook, Twitter, LinkedIn, Google + or email with the buttons above.

Partnering with an Industrial Agent? Here’s What to Ask First0

Posted by Thomas Miller, CCIM

miller-industrial-properties-northern-nevada-industrial-subleaseIf you’ve navigated an industrial real estate search before or you’re diving in for the first time, one thing is true – you’re going to have questions. But your first set of questions should be posed to the potential industrial real estate agents with whom you’re considering partnering. One of the biggest decisions in your industrial real estate journey – and there will be many – is the agent you ultimately trust to meet your needs. You can make the best choice possible with the right information, so here’s what to ask of anyone offering his services to you. … Read more →

Our posts are intended to educate commercial real estate users so they can make better decisions in their real estate use, investments, buying and selling. We encourage your input and commentary. If you are enjoying these posts and finding them useful, help spread the word via Facebook, Twitter, LinkedIn, Google + or email with the buttons above.

Industrial Real Estate Q&A: Understanding the Differences Between Leasing and Renting0

Posted by Thomas Miller, CCIM

real-estate-101Like any industry, industrial real estate has its own terminology. We often get questions about all aspects of industrial real estate, and the difference between leasing and renting is one of them. Here’s what to understand about the differences between leasing and renting.Read more →

Our posts are intended to educate commercial real estate users so they can make better decisions in their real estate use, investments, buying and selling. We encourage your input and commentary. If you are enjoying these posts and finding them useful, help spread the word via Facebook, Twitter, LinkedIn, Google + or email with the buttons above.

Commercial and Industrial Properties Commercial and Industrial Properties Commercial and Industrial Properties Commercial and Industrial Properties Commercial and Industrial Properties