However, with careful planning and guidance, you can avoid common pitfalls and make the right decision for your business needs.
Let’s talk about ten things you should know before buying a warehouse in Houston:
The location of your warehouse is critical to the success of your business. You want to choose a site accessible to customers, suppliers, and employees.
Houston has several areas that offer great warehouse locations. Make sure you choose a location that fits the needs of your business.
The size of your warehouse will depend on the needs of your business. Consider the amount of inventory you need to store and the number of employees working in the warehouse. You want to ensure you have enough space for everything to run smoothly. Don’t forget parking ratios as a typical Industrial building will be half that of an office property.
Warehouse infrastructure includes things like power (Phase, Volts, Amps), HVAC, and utilities. Ensure the warehouse’s infrastructure meets your needs and the cost of utilities and maintenance is within your budget.
Security is essential for any business, even more so for a warehouse. Look for a location with security measures, such as gated access or surveillance cameras. If the site does not have these measures, consider investing in them yourself.
Accessibility is crucial when it comes to shipping and receiving goods. Ensure your warehouse location has easy access to major highways and ports. This will make it easier for shipments to come and go from your warehouse.
It’s also important to consider the condition of the warehouse. Check for any damage or repairs that need to be made before you purchase the warehouse. This will prevent any unforeseen costs down the road.
7. Environmental Concerns
Houston’s industrial areas are subject to environmental concerns like air and water pollution. Make sure you choose a location that meets ecological regulations so you don’t encounter any issues later.
Taxes can be a significant factor in buying a warehouse — Research Houston’s tax laws to know what to expect regarding property taxes.
Buying a warehouse can be expensive, so consider your financing options. Look for a lender that specializes in commercial mortgages or warehouse financing.
Finally, ensure you have all the necessary documentation before purchasing the warehouse. This includes permits, insurance, and financing agreements.
Before investing your money in a warehouse, you want to ensure everything is in order.
The decision to buy a warehouse in Houston requires careful consideration. Working with a professional Commercial Real Estate Broker is critical to finding your ideal property.
At RE/MAX Commercial Group Advisors, our team of experts has the knowledge and experience to help guide you through the entire process, ensuring you make the best decision for your business.
So, contact us today to discuss how we can help you with your warehouse buying needs!