Commercial Property Terms ? Definitions You Should Know (Part 1 ...

If ??? currently invest ?r ?r? considering investing ?n commercial real estate, here ?r? a few commercial property terms th?t ??? ?h??ld b? familiar w?th.

Rectangular Building

Wh?n deciding whether t? build a rectangular ?r a square building, ??? h??? several factors t? consider. F?r one thing, ?t m?? b? ?m??rt?nt t? know th?t th? square building? usually h?? a smaller footprint. F?r instance, a 40,000 square foot building constructed ?? a square, w??ld b? 200 feet x 200 feet. H?w???r, th?t same building ?? a rectangle ???ld b? 100 feet x 400 feet ?nd still h??? 40,000 square feet.

Although ?t?s th? same square footage, ?f ????re going t? build:
? 200 x 200, ??? h??? walls th?t ?r? exactly th? same.

S?, ??? h??? ?nl? 800 lineal feet ?f wall t? build.

? 400 x 100, ??? h??? 400 f?r both sides ?r 800 feet, plus 100 ?n each ?nd, ?r another 200 feet.

S?, ??? h??? 1,000 lineal feet ?f wall.

Although th? amount ?f lineal feet involved ?? smaller w?th a square building, lessening th? expense ?f construction, far more rectangular buildings ?r? being built.

Wh?? One b?g factor th?t shapes th?? outcome ?? th?t ?t?s easier t? ??t th? roof ?n a rectangle building. Th? maximum truss length fr?m th? standpoint ?f practical economical efficiency ?? 50 feet. A? soon ?? ??? h??? more th?n th?t, ????re ?nt? incredibly l?rg?r engineering requirements t? build th?t truss, b?????? ?f th? additional length ?n th? roof th?t ?t h?? t? support.

Column Spacing ?nd Bay Depth

Th??? ?r? ?m??rt?nt commercial property terms t? understand, b?????? ?f ??? h??? a building th?t?s 400 feet x 100 feet, ??? m??t h??? one column ?n th? middle ?f th?? building. Th?t means ???r trusses h??? a one-column distance. Th?? becomes ?m??rt?nt, wh?n ???r tenant requires more usable interior space. If ???r tenant ?? using b?g trucks, tow motors, ?nd similar equipment ?n ???r warehouse ?nd ?? trying t? navigate a column w?th a 200-foot truss, th?? w??ld h??? tr??bl?.

S?, more buildings ?r? being built l?k? th??, due t? required elements such ?? column spacing ?nd bay depth. Normally ???r columns ?r? going t? b? 20 feet apart. S?, ?f ????ve g?t a 100-foot building, ?t?s 50 feet t? th? column. Y?? h??? a total ?f 50 feet ?f wh?t ?? called clear span area. Y?? ??n actually r?n a tow motor ?n th?t area without worrying ?b??t ?n? kind ?f column spacing ?r impediments. Th? utility ?f th? space becomes greater, even though ?t costs more t? build.

Al??, th? cost ?f trusses ?? less ?nd m?k?? up f?r th? extra cost ?n th? lineal footage ?f wall space. M??t ?f ???r tenant companies ?n th?? kind ?f property ?r? going t? b? doing a lot ?f storage. If th?? want ???r warehouse facilities f?r storage, ??th?r long-term ?r short-term, th?r? m??t b? access t? th?t storage.

Tip: Th? more efficient th? access t? storage, th? more efficient th? space becomes f?r th? user.

Stay tuned f?r upcoming articles w?th more commercial property terms ????ll want t? know.

One Deal t? Financial Freedom? Gary Tharp invites ??? t? g?t access t? ??k th? real estate experts wh? ?r? mentors t? millionaires today! Attend th? next free commercial real estate webinar w?th ??m? ?f th? nation?s leading real estate experts: commercial real estate investing

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