If you have some cash that you are looking to invest, or just trying to diversify your portfolio, buying warehouse spaces is the right move. Investing can be intimidating, especially if you are a beginner. Low risk ventures are the best options for people just starting out and warehouse spaces offer great benefits. It’s a growing industry with so much potential to not only pay back the cost of purchasing, but also make you more. Warehouse spaces are something you’ll want to invest in.
This is one of the largest reasons people are moving towards investing in warehouse spaces. The possibilities for what you can do with the space are limitless. Some people use their warehouse as an opportunity to gain extra revenue by renting out the space, whether it’s a person using the space for storage or a company putting their overflow in your warehouse space, there’s plenty of opportunity to make some money.
You can take it beyond just regular renting space and upgrade to heated winter storage of large items like boats and cars. Some companies turn their warehouse spaces into manufacturing facilities, office space, residential space, a private club, or retail. There are plenty of options for what to do with warehouse spaces. Creativity is encouraged!
There’s a reason why investing in warehouse spaces is rising in popularity and it’s because of the large profits. Like we previously mentioned, there is always an extra revenue opportunity to rent to other people and companies. Warehouses are typically very large and the money for that space upfront is cheaper than it would be to just rent something like an office building. This way you can do what you want with the space, maybe even make your own office space since you would not have to spend any extra money on renting another space? Most warehouse owners make a profit that exceeds the original cost of the warehouse.
Investing in warehouse spaces has another huge benefit- you bought the warehouse, you didn’t rent it! Whatever you end up needing to do with it, especially if it’s for personal use, you aren’t making recurring monthly payments. Some people who rent warehouse space end up paying double or triple what they would’ve paid to just buy it.
This is great for people who are trying to expand and grow their business. If you start small, one side can be inventory and the other side office spaces. As your business grows, you can eventually use all of the space you own, thus saving money in the long run on outgrowing offices.
Save on Taxes
Warehouse spaces will always fall under commercial real estate and depending on the laws for the area you are in, you may have tax benefits. This is a great long term investment too because owning a warehouse pays dividends. The final benefit for warehouse spaces is that it can be listed as collateral damage on other investments you might make. Investing is a valuable game and warehouse spaces should be next on your list to either start out, or expand your portfolio. Whether the warehouse is beneficial to your own business or just makes you money from renting out, there’s no question that it’s the right move.
Ready to Invest in Warehouse Spaces?
Schwarz Properties have leading expertise in industrial and warehouse spaces for lease. Our team is based in North Carolina, South Carolina, and Virginia to provide customers with our top of the line services. Our portfolio also includes retail space, restaurant space, residential, office space, and many more. Contact Schwarz Properties at 336-895-1336 or visit our website.