Industrial properties for sale are an essential part of many businesses, and choosing the right one can significantly impact a company’s success and growth. Factors like warehouse size, location, cost, and more certainly determine whether the property you are looking at will help you meet the business goals you have already set.
As with any other commercial property, you should carefully consider where your current business stands and where you see it growing in the coming years before deciding on industrial space solutions. It stops you from making a decision that could undoubtedly cause problems and prevent your business from reaching its full potential under your recent plan. Given how critical industrial property is across many industries, we have certainly considered some factors you should always consider when choosing a site.
What Is An Industrial Property?
Industrial properties for sale are designed and built for uses other than residential. Similar to residential properties, which are for living in, and commercial properties, which are for revenue-generating activities, industrial properties are for various business activities. This consists of producing goods, completing processes, storing them, and preparing items for delivery.
These are not revenue-generating activities, but they allow businesses to carry out their specific tasks, whether that’s deliveries, sales, running services, providing solutions, or other tasks. In numerous ways, industrial space solutions enable properties to generate revenue from different locations and are a critical part of the business chain.
What Is An Industrial Property Used For?
Industrial properties can be used for a wide variety of purposes, depending entirely on the owner and the industry in which they operate. Whereas, it is common to think of them as warehouses that are used for the storage of goods, which are meant for stores, an industrial property used primarily for:
- Heavy manufacturing
- Light manufacturing
- Research and development
- Production lines
- Packaging
As a result, where the industrial property is located, what you need to do with it, and the equipment that is required to accomplish those tasks, will certainly determine which industrial property for sale you should ultimately choose.
What Factors Make An Industrial Property For Sale A Good Choice For Your Business?
Having a clear idea of what industrial properties are and how they are used, we can examine the factors that determine whether a site will work well for your business.
The basis of this choice will be the same for any property you look at, whether it is residential, commercial, or industrial.
- Location
- Size
- Access
- Cost
By keeping this in mind, you can work to a budget that suits your situation while providing yourself the ability to grow into an industrial property without paying too much for space that you are certainly not ready to use at the time of choosing it.
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The Warehouse Size
Warehouse size definitely plays a huge part in determining whether that industrial property is a perfect choice for your business. However, the ability to hold a large amount of equipment or products is critical, but you never want a warehouse that is too big or too small.
Therefore, a small warehouse won’t provide you the freedom that you require to prepare for a seasonal event or big sales, while a space too ample will cost more than you need to pay, and you may not be able to fill such a big space anyway. You certainly want to leave enough room for your business to grow, and finding the right warehouse size is critical for smooth business operations. Kindly read more about getting the most out of your warehouse space.
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Access To The Industrial Property
When choosing an industrial property, consider how easy it is to access. Check for how many entrances there are, how big they are, and how easy it will be to load and unload goods from or into the vehicles.
It also means there should be parking for the vehicles and space to manoeuvre them. Access for workers and equipment is also critical, so as not to disrupt the flow of goods through larger exits and to ensure they have safe passage in, through, and around the industrial property. Furthermore, it ensures that they can do their jobs properly without fear of accident or injury.
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Warehouse Locations
Indeed, your warehouse locations will depend on your business — whether you operate locally or nationally, where your products are sourced, and where you must deliver them.
Operating from a store or group of stores means you want your warehouses to be close enough to deliver products quickly. Operating online means your business always has a potentially larger area to cover, so good warehouse locations can certainly make delivering products much more efficient.
Larger companies should have multiple warehouses to keep delivery times down and increase storage capacity. While good access routes to the area and beyond are critical, choosing an industrial property for sale is also necessary.
The Cost Of The Industrial Property
For all kinds of commercial property that you choose, price plays a critical part. This is one of the most significant expenditures a business will face. While larger industrial properties in sought-after locations will undoubtedly cost more than others, you are required to decide if this cost can be recouped by operating from that space.
Therefore, warehouse size and location certainly impact the cost of an industrial property for sale. Still, other factors also affect the price, such as any future developments and available or under-construction access routes. Make sure that the costs of the industrial property never impact the organisation’s ability to operate and meet its goals, or it will take a prolonged time to recover.
How You Will Use The Space
According to the experts from Ganesh Complex, Warehouses are mainly used to store goods, and depending on the types of items the business trades in, equipment may be needed to reach or transport them within the unit.
Vertical space is a critical asset, but it also means products can be stored high. Having good processes in place to keep products rotating will make it easy to quickly access the most relevant and critical items. Storing equipment is another option; however, these machines need to be easily accessible whenever they are required. It can also affect which industrial property is best for your business.
Find The Right Industrial Property For Sale For Your Business
Our team of experts at Ganesh Complex knows precisely where to find the best industrial property for sale to suit your business. We take the time to understand you, your business, and what you hope to achieve in the future, then use local knowledge to find the best solutions.
Indeed, we know how vital industrial property is to making your business a success, so we will listen carefully to what you are looking for and ensure you are only told about properties that fulfil your needs. This is what sets us apart from other commercial property agents. Get in touch with our team at Ganesh Complex today to find out more about how we can help you.
FAQ
What are the key operational signs that an industrial property is a good fit?
Your property is a good fit if it aligns with your core operational needs and enhances productivity.
- Optimal layout and flow
The internal space supports your workflow for receiving, manufacturing, storage, and shipping. A logical flow reduces handling time and costs.
Infrastructure capacity: The building has sufficient power, water, drainage, and utility hookups for your specific machinery and processes. Inadequate electrical capacity is a common and costly issue.
- Ceiling height and floor strength
The clear ceiling height is adequate for your equipment and storage racks, and the floor can handle the weight of your heavy machinery and inventory.
- Sufficient loading docks and doors
The number, size, and configuration of loading docks match your shipping and receiving volumes. Some layouts, such as cross-docks, are better suited to high-volume operations.
- Room for customisation
The property’s design is flexible enough to accommodate your current and future needs, from specialised fit-outs to adaptable floor plans.
How does a property’s location indicate it’s a good choice?
The location’s strategic value for your logistics, workforce, and market access is a strong indicator of a suitable property.
- Proximity to transportation hubs
It is close to major highways, railways, airports, or seaports, which streamlines shipping and reduces transportation costs.
- Access to markets and suppliers
The location minimises travel times and costs for both inbound raw materials and outbound finished goods.
- Access to a qualified workforce
The area has a stable labour pool with the necessary skills for your operations. Good transport links for employees are also important.
- Favourable local economy
The surrounding market is healthy, with low vacancy rates and economic trends that support your business sector.
