Investing in Calgary’s industrial real estate property requires know-how. The best way to fully understand everything about this type of investment is to enlist in the services of a qualified brokerage like CMS Real Estate. Working with a licenced agent offers you protection, selection, and most of all a wide range of knowledge to help you make an informed decision about a property purchase. To be successful with your industrial property investment, here are several things to consider.
Are you looking for an industrial property to use as an owner/user? Or are you considering investing in something that may require industrial property management for a tenant or multiple tenants? Before you go ahead with a random purchase, you should speak with your industrial real estate professional about the pros and cons of your investment.
Many industrial sites are subject to environmental hazards. You want to ensure that the business that is currently operating at the site has been following the specific environmental regulations concerning any use of chemicals or toxins. Purchasing a property without an environmental assessment could end up costing you a whole lot of money to “clean up” contaminated soil on the subject lands and adjacent properties. Before you sign the waiver of conditions, make sure any environmental concerns have been rectified.
If your purchase of an industrial property involves a tenant, it is always a good idea to make sure there is a long-term lease in place. Having a lease ensures that your tenant is committed to paying a specific amount of rent and/or operating costs. You will be able to budget for any necessary repairs knowing how much cash flow the building has. A long-term lease is also a benefit to potential buyers should you choose to sell the property at a later date.
As with many real estate transactions, the location is important to successful industrial property investment. Depending on the industry, you may require certain zoning or land use regulations from the specific municipality. Think about any future development you may want to consider like expanding the building, using the yard for storage or a different type of usage. If you are considering building an expansion to a specific structure, make sure you know the restrictions and setbacks before making the purchase.
CMS Real Estate in Calgary has seasoned real estate agents who can answer questions regarding your industrial property investment. Whether you need industrial property management or want to self-manage on your own, get some expert advice from your real estate brokerage.
The material presented in this blog is provided for general information and educational purposes only. It is not a substitute for professional advice. All information is subject to change regularly and without notice. CMS Real Estate Ltd. assumes no responsibility for any errors in the information provided, nor assumes any liability for damages incurred as a consequence, directly or indirectly, of the use and application of any of the contents of the blog/website page.
Securing financing for commercial real estate projects can be a complex process, especially when dealing with the specific regulations in Canada. Understanding and adhering to these regulations is crucial to increase your chances of approval. In this article, we will explore key steps and considerations to help you navigate Canadian regulations and successfully obtain financing […]
For four decades, CMS Real Estate has been an integral part of Calgary’s commercial and industrial real estate landscape, providing exceptional services and forging lasting relationships within the community. CMS Real Estate was founded in 1983 when Gerry Macdonald and Tim Casey left a prominent industrial and commercial real estate firm to embark on their […]
Calgary is a major economic hub in western Canada. In recent years, Calgary’s real estate market has been impacted by the decrease in demand for office space in the downtown core. However, the city’s economy has been showing signs of recovery, and the demand for commercial and industrial real estate and commercial property sales are […]
It’s no secret that higher interest rates, inflation, and a competitive market have changed the commercial real estate landscape over the last two years. The rapid increase in rates combined with labour shortages have led to a spike in operational costs and have made owning and renting property more expensive. While we have very little […]
At CMS Real Estate, Owner and President Gerry Macdonald is a Certified Commercial Investment Member (CCIM), an industry-standard that places members as some of the most advanced commercial real estate investment specialists anywhere. Fewer than 10% of commercial real estate investors and advisors hold the CCIM distinction, making it a valuable and noble acronym to […]
According to the Canadian Condominium Institute (CCI), Condominium Corporations are able to seek recovery of the deductible portion from an Owner for damages that originates from the Owner’s unit or privacy area, up to a maximum of $50,000 and regardless of proven negligence. This major change has been in effect since January 1, 2020. What […]
© Copyright 2023 CMS Real Estate Ltd.