With Nevada’s tax incentives and Reno’s proximity to 20% of the US population within a 2-day truck service, the city has become an industrial hub for giants like Apple, Amazon, Google, and Tesla.
As a homegrown real estate agency in Reno, we’ve kept our fingers on the pulse. Our team has been keeping a close eye on Reno’s industrial growth, making us the people best-positioned to help you find the perfect industrial property in the city.
With decades of real estate experience, we can deliver personalized real estate solutions that fit your needs while maximizing the value of your investments.
Generally, industrial property buyers have more needs than residential buyers to fit their business needs. We start by determining what you need out of your industrial property, including your building spec requests and cap-rate targets. From there, we can build a profile of what kind of property would suit your needs.
For industrial properties, you need commercial lenders and not mortgage brokers. We can connect you with our trusted lenders and provide a checklist of all you need to pre-qualify for the loan.
Reno is home to a few booming industrial property submarkets. We’ll help you dive deeper into each submarket to compile rental trends and price histories to help you make an informed decision about your purchase.
Instead of using Zillow or attending open houses, in industrial real estate, we use dedicated commercial property networks. We’ll also tap into our brokerage network and contact property or land owners to find unlisted hidden gems that you may not find elsewhere.
Before you go on a site tour, we’ll prepare an information package for you. It’ll contain the property’s key details as well as list any potential zoning variances or neighboring developments that can impact your prospective property’s value. From there, we’ll work with you to shortlist the strongest candidates for your purchase.
For industrial properties, tours are more than just walk-arounds like residential properties. We’ll walk with you to check the property’s on-site conditions from its roof age, dock equipment, clearance height, and more. Once we’re finished, we’ll help you reprioritize your shortlist based on your feedback.
Once you’ve decided on a property from the shortlist, we’ll help you draft the Letter of Intent. We’ll also help you negotiate with the seller on repairs to ensure you receive the property in the best condition.
Due diligence for industrial properties is more complex than for residential properties. Fortunately, our team is here to help with environmental assessments, structural and roofing inspections, ALTA surveys, and everything else you need to ensure the property is safe and ready to purchase.
Once the property is ready to close, we’ll liaise with the lender to ensure everything is up to their standards and allow them to provide the loan.
When you close on a residential property, you’ll get the keys to the home and everything’s all set. It’s a bit more complicated with industrial properties, but we’ve got you covered. We’ll help you close on the property and work with Washoe County title officers to schedule the deed signing. Once everything is done, we’ll pass all the keys, codes, and warranty documents to you as well as introduce you to the property managers.
The past few years have been a roller coaster for Reno’s industrial market. Whether you’ve been along for the ride or are just getting on, the Industrial Team at NAI Alliance can help you find and secure industrial space that fits your needs.
The ever-increasing need for logistics, distribution, and fulfillment options in the Reno area is undeniable. With Nevada’s tax incentive programs and Reno’s proximity over 20% of the US population within a 2-day truck service, the area has become an industrial hub for major companies including Apple, Amazon, Google, Tesla, and more.
Our advisors have been at the forefront of tracking Reno’s industrial growth to ensure that they can provide exceptional and up-to-date information on the state of the market. They have the resources and knowledge to complete transactions for institutional and private clients in a wide range of businesses.
We leverage our extensive market experience to deliver customized solutions that attract the right partners, enhance your business strategy, and maximize the value of your investment.
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Reno is a great place to invest in industrial properties thanks to its business-friendly climate. The city has zero corporate income tax, making it an attractive location for companies to establish industrial operations. Additionally, Reno is very close to many West Coast Cities, which makes distribution easier.
You don’t strictly need real estate agents to find industrial properties, since you can find them yourself. However, enlisting the services of real estate agents in your search can be highly beneficial because they possess the local expertise and experience necessary to find the best deals for you and ensure a smooth purchase process.
Industrial property leases are generally long-term, typically ranging from 5 to 20 years. However, the lengths may vary because lease durations are generally agreed upon between the property owner and the tenant.
You should invest in industrial properties because industrial tenants are often more stable than other commercial tenants, meaning you don’t have to worry about finding new tenants after every few years. Additionally, as e-commerce continues to develop, businesses will demand more industrial space, meaning you’re well-positioned to meet that demand.
Some challenges that you may face as an industrial property investor include high entry costs, expensive maintenance, and potential downturns from economic conditions.
