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On BuildingSearch.com you will find many industrial space listings either for lease or for sale. Users can easily sort for industrial space for lease by location, and size. And, you can sort through industrial space for sale listings too.

Industrial space is characterized by usually some amount of warehouse, production area, and or lab space. There is usually “at grade” loading with a roll-up door to receive truck deliveries or a dock that is adjustable to the height of the truck bed for easily offloading of shipments. Most of this information is found within each property record for our industrial space listings.

Industrial space for rent is usually setup on a Triple-Net (NNN) lease structure. The NNN is typically a structure you will see for a single tenant office, R&D, or industrial building. However, the NNN lease is sometimes used elsewhere under other commercial lease scenarios. Landlords often prefer the NNN lease because the tenant is responsible for all aspects of the real estate except for (in most cases) the building foundation. It is difficult to use a NNN lease in a multi tenant building with many tenants sharing electrical and mechanical systems. Yet, it can be done, and on rare occasions you will see industrial space for lease under the NNN lease structure with all tenants using house power, and water. Bills are then divided up on a proportionate basis depending on the size of the industrial space no matter who uses what.

Industrial space for sale listings are sorted on BuildingSearch.com by selecting for sale and industrial space on our advanced search engine. Setting a price for an industrial building for sale can involve several factors. If the building space for sale is leased, the building will often trade on the income stream of underlying leases or its return on investment. If the industrial space for rent is vacant, and the overall commercial real estate market is strong, the building will trade on the value of its anticipated future rental stream.

There are other ways to assess the value of a industrial building for sale. If there is a commercial lender involved, there will undoubtedly be some sort of formal appraisal process completed by a licensed appraiser who forms some sort opinion on the value of the commercial property for sale. This is true if it is an office building sale or an industrial building sale.

An appraiser can use a variety of ways to determine the market value of commercial buildings for sale. An open market building for sale will certainly help justify the sales price as the sales price is then construed as fair market value. Ultimately though the appraised value has to fall back on other market comparisons or “comps” for similar buildings nearby, and the value in use method of using the rental stream the building for sale is generating.

In the US, a typical definition of market value can be found on the FNMA residential appraisal forms, as the FNMA 1025, which states the following:

DEFINITION OF MARKET VALUE: The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2) both parties are well informed or well advised, and each acting in what he or she considers his or her own best interest; (3) a reasonable time is allowed for exposure in the open market; (4) payment is made in terms of cash in U. S. dollars or in terms of financial arrangements comparable thereto; and (5) the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions* granted by anyone associated with the sale.

The same rules apply to determining value for any commercial property for sale. The industrial building sale works just same as the office building sale in that a competitive environment is created for both the buyer and the seller. Industrial space for sale or industrial space for lease can be queried for easily enough on BuildingSearch.com’s advanced search engine.