Industrial sheds can be on the best, but most overlooked, investments in real estate. The return on investment with a structure like this is usually better than the ROI on a brick and mortar building.
Industrials sheds have a lot of potential and lots of benefits that you may not have considered. If you’re looking for a building to buy with a strong return on investment, that will be easy to make use of yourself or find a tenant for, look no further than an industrial shed.
Industrial sheds have the advantage of generally being relatively cheap to buy, but easy to sell on at a higher price than you paid for it. They’re also very cheap to build, thanks to the cheaper materials that can be used. An industrial shed can be built for a huge amount less than an office building of the same size built with bricks and mortar, which require much more expensive materials. Thanks to this budget-friendly building and affordable buying price, an industrial shed can lead to a greater return on investment, and a shorter time to repay your original investment.
Many industrials sheds are made with structural steel. This might be more expensive than other materials when you first build but steel framing is cost-effective in the long run. Thanks to the lack of maintenance needed to keep structural steel in good condition, an industrial shed made with this will age much more slowly than buildings made with other materials. Steel won’t split, warp, crack, or rot, so won’t need costly repairs or replacement.
An industrial shed is a very multi-functional space. Most bricks and mortar buildings are built with only one purpose in mind and are very difficult to convert into something else. However, an industrial shed is much easier to convert into anything you need. They can be used for office space, and then easily turned into a warehouse if you need more storage.
Use them as a retail space, or just about anything else you can think of. Most industrial sheds are built as storage or warehouse space, but they are surprisingly easy to convert into office space or to use for multiple purposes. A mezzanine level can be added to create an office over a warehouse space.
The time and money needed to convert an industrial shed are also much lower than if you wanted to convert a brick and mortar building. An industrial shed is a much more adaptable space and is easy to change in order to meet the needs of your business or the local economy to help you earn the most rent from the space.
They Generate A Higher Income
You can get more income from an industrial shed than you can from a building of the same size. Commercial properties fetch rent based on the square footage. An industrial shed is very flexible, and you can easily add more floor space inside, meaning you can charge a higher rent. The more you can charge, the more you earn, and the faster you can earn back your initial investment in buying the property in the first place.
They Have Longer Leases
Most industrial sheds can be leased for much longer periods than most buildings. Most buildings have a typical lease period of six to twelve months, but most industrial sheds can be leased for periods of several years.
This is good for the building owner, as you can keep a paying tenant in the shed for longer, with less risk of the space sitting empty between leases, and without the cost of renewals, or advertising for new tenants. If tenants can customize the space, they’re more likely to stay longer and keep paying you more rent.
They’re Low Maintenance
Industrial sheds are made with steel, which makes them a very low maintenance option, meaning you need to invest less time and budget on maintaining your building. The metal that the sheds are made of is galvanized to protect it from the weather, making it unlikely to rust.
The metal is also protected from corrosion and reduces its effects. You may need to repaint the shed every few years to protect the metal, but other than that, almost no maintenance is required. This makes them much cheaper to maintain, which is very attractive to investors.
Industrial sheds are very solid structures, which is a big advantage. Metal is not an easy material to damage, meaning that these sheds offer resilient and long-lasting shelter to the business inside. Even industrial sheds made with plastic have metal reinforcements in the support structure making them very durable too. If you own an industrial shed, you can be sure of it lasting for a long time.
Steel framing is common in industrial sheds, which is a very stable construction material. When used properly, steel framing creates a very strong, rigid structure. Structural steel has a very high strength to weight ratio. This means that steel framing doesn’t warp or crack over time. Structural steel is resistant to the weather causing contraction and expansion which helps to protect other materials used in the building.
Because steel is so strong, the walls of an industrial shed will remain straight, and ensure the corners of the shed are square. It also doesn’t bend when heavy loads are placed on it, making it ideal for a shed designed for storage. Despite this strength, steel is also very light, making it easier to build with.
If you’re looking for smart property investment, you could choose a traditional office building, but you should consider buying an industrial shed. Thanks to their flexibility, they work well for your own business or it will be easy to rent out to other businesses and earn back your investment. These sheds are cost-effective thanks to their durability and adaptivity. You can easily rent out these spaces for a good price on a long lease and generate a strong return on investment very easily.