|
 |
ROCK Commercial Real Estate, LLC |
|
|||
|
|||
|
|
 |
News > Newsletter
|
||||||||||||||||||||||||||||||
|
|
|
ROCK Commercial Real Estate Newsletter Industrial Issue - September 2009
FeatureArticle Is Now the Time to Buy or Sell? Kevin Hodge, CCIM
·
ROCK has been
hearing the inevitable question of “Is now the right time to buy or to
sell my property?” The most
important thing to consider when making this type of a decision is how
it will affect your business.
Unless your business is real estate investment, then the critical decision
is whether your current real estate is helping or hindering your business.
There are many different ways in which your real estate can impact your
business. Are you paying for
space that you don’t need or use?
Are you losing business because you don’t have enough space?
Is your space inefficiently laid out for your current operations?
Do you provide convenient access for your customers, employees, or
required utilities? It may be
difficult to quantify these costs because they tend to be hidden; however,
they are real costs.
ROCK can assist you in quantifying the costs and issues involved when it
comes to real estate. We can assist you by evaluating the
value of your current facility and the anticipated cost for your
replacement, temporarily leasing excess space, as well as the hurdles
involved to make this transition.
You may be thinking, this is all well and good, but what about the current
turmoil. You will be surprised
to find out that the market isn’t as turbulent as you think.
Our market region didn’t experience the overheating like other
areas of the country. As a
result, there wasn’t as much overbuilding and subsequent vacancy.
We have found that appropriately priced small to mid-sized industrial
buildings have had more buyer interests than other sectors of the market.
You will note some of our recent transactions included in our
newsletter have been in that category.
Because of South Central Pennsylvania’s conservative business nature,
generally our companies and local banks didn’t loosen their standards.
Businesses in this region have been accustomed to putting down 20-25%
in equity. This is not to say
that banks aren’t looking more closely at appraisals and a company’s
financial situation, but they are willing and even competing for good
projects.
The most important thing you can do is evaluate your business needs and how
your current real estate services those needs like equipment, employees, or
inventory. If you are currently
a tenant, now may be the best time to consider moving into ownership with
the cooling of the market. If
you are an owner and your building just isn’t working for you, then you may
need to reposition to a more appropriate building.
Ultimately you will be in a better
position for the emerging recovery.
Spotlight Industrial Property491 Maryland Avenue - York, PA
This light
manufacturing warehouse space with easy access to Rt. 30 in York,
Pennsylvania.
Contact Ted Turnbull, CCIM directly for more details Moxley Electronics Corporation leased 3,125 square feet of industrial space at
Adams Building Contractor, Inc.
leased 5,000 square feet of industrial space at
Post Family Limited Partnership
bought the industrial property located at
Shady Lane Partners, LLC
bought the industrial warehouse located at
Tekgard Inc.
bought the industrial
property located at 3390 Farmtrail Road in
Home Remedies, Inc. Home Services
leased 3,106 square feet of industrial space at
Wherley Generations, Inc.
leased 5,540 square feet of industrial space at
Susquehanna Micro Inc.
bought the industrial property located at
Print All Inc. leased
3,648 square feet of industrial space at
Druck Brothers, LLC bought the industrial property located at 927 North Hartley Street in York City in York, PA. The site consists of a 9,750 square foot facility and 1.25 acres of land.
They wanted this location to include more storage, better access, plenty of parking and a more modern facility. Russ Bardolf, CCIM, SIOR was able to find the perfect location at 927 North Hartley Street to increase the Druck Brothers business.
We wish them much success at their new address!
Jason A. Turnbull,
Brokerage Advisor with
ROCK Industrial Team
Click here to meet the ROCK TEAM |
|||||||||||||||||||||||||||||
 |
|||||||||||||||||||||||||||||||
