Leasing a warehouse to expand operations over time

Industrial-Manufacturing-And-Warehouse-For-LeaseLeasing a warehouse to expand operations over time

Many Industrial and Manufacturing businesses that decide to relocate have a goal to expand operations. After deciding on a strategic Commercial and Industrial location, the next step is to measure productivity and reinvest in the growth plan, which could allow for expanding into the warehouse space over time.   Renting Industrial Warehouse space is very cost effective.

For businesses that require a smaller space when entering a new geographic location, leasing would reduce upfront costs and free up cash for reinvestment. Small businesses benefit from the Kentucky Small Business Investement Credit (KSBIC) program, which offers tax credits and other incentives to encourage new investment and job creation in Industrial Manufacturing, Warehouse and Distribution sectors.

Small businesses that are involved in third-party warehousing could move forward with a joint-lease agreement, in which the producer and logistics company partner up to lease the space. The joint-lease option would be drafted by the landlord and tenants with the help of legal counsel, and would be specific to the needs and conditions of each party.

For business reasons, the joint-lease could allow the producer to have greater oversight over the storage and movement of their products while holding some rights to the space. The joint-lease option also works in the event that the business would like to expand within the Industrial warehouse and perhaps have an office presence on-site.

It is important to be transparent about your intentions with the landlord in order to create the most suitable lease agreement. The option of leasing warehouse or industrial space for five years but only paying for a smaller space in the first year could be a good option.

Tying into a longer-term lease agreement on Industrial and Commercial Manufacturing and Warehouse space can reduce your upfront cost and allows you to focus on building a geographic footprint that would allow for greater expansion and affordable capacity. The business would then pay the balance over the remaining four years of the lease term.

Kentucky offers a prime location for Manufacturing and Warehouse business expansion. There are many incentives available which encourage job creation, offer tax incentives – all of which will make your business thrive and feel welcome. Our featured property is fully wired with Cat 5 cable, fiber optic, heavy power, smooth floors, ample docks, amazing office space – with ample parking to ensure that your operations run smoothly. Additional industrial land is available for outside storage or we will build to suit in case your business decides to expand within our warehouse space that we are offering for lease.

Kentucky Business Incentives and Financial Programs

Kentucky Business Incentives and Financial ProgramsKentucky Business Incentives and Financial Programs

Kentucky’s pro-business climate provides a number of incentives for businesses. The Kentucky Economic Development Finance Authority (KEDFA), established within the Cabinet for Economic Development to encourage economic development, business expansion, and job creation, provides financial support through an array of financial assistance and tax credit programs. Helping businesses in this way furthers the Commonwealth’s goals of achieving long-term economic growth and employment opportunities for its citizens.  Kentucky Business Incentives and Financial Programs info here.

Kentucky’s economic development incentive toolbox was further enhanced when Governor Steve Beshear signed into law House Bill 3, known as Incentives for the New Kentucky (INK), in June 2009, streamlining and modernizing Kentucky’s business incentive programs. The landmark legislation revamps key existing programs, while also creating several new programs to further encourage new investment and job creation in the Commonwealth. One of those programs is the Kentucky Small Business Investment Credit (KSBIC) program, the first tax credit program of its kind for small businesses in Kentucky.

KEDFA approval is required for participation in the loan and tax incentive programs, except the Skills Training Investment credits, which are approved by the Bluegrass State Skills Corporation (BSSC). KEDFA meets the last Thursday of each month. Projects must be received by the last Friday of the month prior to the KEDFA meeting date in order to be considered.

To find out if your business qualifies contact the Department for Business Development where a professional economic development agent will be assigned to work with you. Your agent can answer your questions and guide you through the application processes.

Manufacturing facility available

Industrial-Manufacturing-And-Warehouse-For-LeaseLeasing a Manufacturing Facility Space For Building Your Business: Why Leasing Is Better Than Buying

Building a business means exactly that; and when there is building, there is great need for space. All growing businesses will at some point be faced with question of whether to lease or buy a manufacturing facility and rent industrial space. While this question might vary with businesses, it is apparent that leasing is the better option because of the associated pros.

Leasing Vs. Buying

More Time

When you buy the space for your business, you will have to deal with many related headaches that come with ownership. On the other hand, leasing a Manufacturing facility and or renting an industrial space simply means that you have more time to concentrate on the business’ growth and expansion.

Working Capital

When leasing a Manufacturing facility or renting industrial and warehouse space, you will not have any money tied up in real estate which means that your business will have an edge in responding to market opportunities. When leasing a Manufacturing facility, your  funds are available as opposed to paying a huge sum when buying Manufacturing, warehouse or distribution space. It also means that the money you intend to spend on buying can be spread over a number of projects that will contribute a great deal in the growth of the business and your bottom line.  To discuss finances, click here — http://www.springfieldstate.com/

Prime Property

The option of leasing a Manufacturing facility or renting industrial space will hand you the privilege of leasing space in a prime location that will give your business a strong image.

Room For Expansion

When leasing industrial space and renting a Manufacturing facility, you will lease according to the size of your business and when there is any growth, you can easily expand to more space without much financial straining.

In Conclusion

It is safe to lease industrial space or rent a Manufacturing facility – especially when you are dealing with a growing business because buying might mean you will have to keep on buying property due to expansion. Leasing offers your manufacturing business space to grow. Leasing is also cost effective especially when the right tenant is able to negotiate a solid lease rate.  For manufacturing facilities to lease, click here – http://warehouseforleaseky.com/instant-industrial-and-warehouse-opportunity-space-for-lease/

Warehouse space for rent

Warehouse space for rentWarehouse space for rent

Why you should rent industrial warehouse, manufacturing and distribution space for building your business

As the US industrial and manufacturing sector continues to grow, now is the time for your business to gain a competitive advantage by lowering costs in order to create a solid foundation for future growth.  A good starting point is finding the right warehouse space for rent, and Kentucky fosters a business friendly environment that ranks high on qualifying industrial, manufacturing and warehouse locations and expansions.

Kentucky has some of the lowest industrial power costs in the nation, Kentucky is home to two major air cargo hubs, and was ranked the lowest in the nation in terms of business costs by CNBC in 2012. There are many reasons why Kentucky is the prime location to expand your business, and Economic Alliance Kentucky is showcasing a 260,000+ sf manufacturing and warehouse facility for single or multi-tenant use. This industrial complex is perfect for warehouse, manufacturing and distribution space, and compared to building, we suggest that you look at our leasing – we will bet it will be your best cost effective option.

Welcome to Kentucky. You located your property, and now it’s time to decide on financing. Warehouse and Manufacturing space for rent offers the advantage of conserving cash flow because the initial expense is only rent and a security deposit. Your rent is tax deductible as a business expense, and your continued payments will help strengthen your business’s credit rating.

If you do plan on growing within or outside of Kentucky, leasing this property will provide you with the necessary initial cost savings and improved credit standing to better finance expansion and take advantage of the dynamic economy and perfect US location in the area has to offer. Export growth in Kentucky supports ongoing productivity in the region, so your business will benefit from our warehouse space for rent – for the added benefit of flexibility.

Planning for growth requires full focus on running your business. Instead of being tied up with the demands of ownership, Manufacturing and warehouse space for rent will allow you to concentrate on the business of managing growth. Cost stability is crucial if you are looking to relocate to Kentucky – and the state has many tax incentives and programs to make you feel welcome.  For more information on Kentucky’s Tax Incentives, click here – http://www.thinkkentucky.com/KYEDC/kybizince.aspx?param=0

Also, sharing space might be a good option if your business requires less room for your Kentucky manufacturing or warehouse operation. Our warehouse space for rent is fit for multi-tenant use, which makes leasing a viable option for smaller businesses that just need a prime location to store and move goods.

Call Rental Agent Ken Garcia, 859-494-5521

Steps on how to Lease Warehouse and Manufacturing Space

Industrial-Manufacturing-And-Warehouse-For-LeaseSteps on how to Lease Warehouse and Manufacturing Space

Leasing Commercial spaces at the right rates are almost always going to be more affordable than building a large space of your own. One needs to understand the type of Industrial leases, how to negotiate leases and most important is how to protect your rights as a lessee.

For businesses that require large amount of Industrial storage and Manufacturing space such as warehouses, an industrial complex would be ideal real estate to lease.  These complexes are made of buildings that can be divided into large sections that can be used for storage as well as for light or medium industrial applications.

There are many benefits of leasing an Industrial building. Some of the advantages includes:

  1. Affordable, Flexible Lease: Large industrial space is usually less expensive to rent than finished commercial office spaces or building – by far. The industrial spaces can be used for a variety of purposes; leasing agents can be flexible when dealing the terms of industrial space.
  1. Cheaper to renovate than purchasing a building: If one needs custom designed facilities, it is generally not cost effective to purchase and build your own building. Most of the industrial complexes allow tenants to build out, modify or renovate warehouses into manufacturing space.
  1. Provides Flexible Zoning Options: It may be easier to convert industrial spaces into manufacturing and retail business than existing building in areas zoned for other purposes.
  1. Add Usable Sq. Feet without increasing Rent: Most of the large industrial spaces have higher ceiling. One can split into two internal stories – or use high racking.

Leasing a commercial warehouse can be tricky. There are various checklists of items that will guide a business as what to consider when dealing with a potential new warehouse or manufacturing location. The most essential thing when considering a leased manufacturing or warehouse space is to look at size and cost per square foot before making your decision.

When you select an industrial building for lease, you need to pay attention to some of the essential tips before signing a contract:

  1. You need to know the nature of the land.  The actual use of warehousing industry should be consistent with the use of land.
  2. It is best for the leaseholder to hire some engineering professionals to on-site inspection to avoid a dispute.

Downsizing to the correct size building

Warehouse-Manufacturing-Space-For-LeaseDownsizing to the correct size building – Cost saving strategies for manufacturers & warehouses

With a potentially fluctuating economy in the background, all businesses including manufacturing and warehouse are searching for ways to minimize their cost and increase profit at any cost.  These businesses have a number of alternatives to minimize their cost, most of them might not come in handy in a hard time when an economy is going through a rough patch. In those cases, only the extreme strategies like downsizing to the correct size building can do the trick for both small and large manufacturing, warehouse or distribution businesses.

Why “downsizing to the correct size building”?

The main principal behind  downsizing to the correct size building is to ensure optimum use of resources including space, manpower, machinery, inventory and so on. Experts on Lean Management have been touting for the effective use of resources including building size for a long while even though most CEOs never took them seriously. However, if your business is going through a cost-savings plan, it could be a good time to think about downsizing to the correct size warehouse and manufacturing building.

Do you really need to “right-size”?

Downsizing to the correct size building is cost-effective strategy but not all manufacturers or warehouses will benefit from it.  It actually depends on the nature, size as well as operation of the business. If you have a large space you are not utilizing, you definitely need to consider downsizing. However, there are many other factors that you need to consider before you take the decision to your board.  This is why it is a good idea to ask for help from consultants on this.

Actual cost and benefit of downsizing

Downsizing to the correct size building has both positive and negative sides. While it will reduce your cost, increase efficiency and increase profit in the long term, it may also cost you in the shorter run.  Relocating your warehouse, manufacturing or distribution business to a new place is quite exciting bringing new energy to your business and expanding your horizons.  If you can implement the downsizing with proper care and planning, you will surely benefit from downsizing to the correct size warehouse and manufacturing building – and to hold costs down, why not lease?

Industrial Space For Building Your Business

Industrial Manufacturing Warehouse Space for leaseIndustrial Space For Building Your Business: Why Leasing Is Better Than Buying

Building a business means exactly that; and when there is building, there is great need for space. All growing manufacturing or distribution businesses will at some point be faced with question of whether to lease or buy industrial space. While this question might vary with businesses, it is apparent that leasing is the better option because of the associated pros.

Leasing Vs. Buying

More Time

When you buy the space for your business, you will have to deal with many related headaches that come with ownership. On the other hand, leasing the industrial space simply means that you have more time to concentrate on the business’ growth and expansion.

Working Capital

When leasing industrial space, you will not have any money tied up in real estate which means that your business will have an edge in responding to market opportunities. When leasing, you will funds available as opposed paying a huge sum when buying the space. It also means that the money you intend to spend in buying can be spread over a number of projects that will contribute a great deal in the growth of the business.

Prime Property

The option of leasing industrial space will hand you the privilege of leasing space in a prime location that will give the business a great image. Since most businesses love a good positive image for their company, leasing remains the best option because it allows you to select different locations that will favor your operations.

Room For Expansion

When leasing industrial space, you will lease according to the size of your business and when there is any growth, you can easily move to a location with more space without much financial straining. Buying can sometimes limit this because the bought premises might not be in a position to accommodate growth due to a combination of unavoidable factors.

In Conclusion

It is safe to lease industrial space especially when you are dealing with a small growing business because buying might just mean you will keep on buying property due to expansion. It is better to spend some money to move and finally settle when the business is at its climax. Leasing gives your business space to grow unlike when you buy limited space that will affect any possible growth. Leasing is also cost effective especially when the operation cost is on the low as the payments will fit into the low budget.

Top reasons to move your business to Kentucky

Manufacturing-And-Warehouse-For-Lease

Top reasons to move your business to Kentucky

  • Kentucky ranks 10th in Site Selection magazine’s annual Governor’s Cup award, recognizing the highest number of qualifying industry locations and expansions in 2012.
  • Kentucky exports reached a record $22.1 billion in 2012, with products and services going to 199 countries.
  • Kentucky is home to not one, but two major air cargo hubs, ranking the state 3rd in the nation in total cargo.
  • Kentucky’s industrial power costs rank 6th lowest in the U.S., and are over 22 percent less than the national average.
  • In 2012, CNBC ranked Kentucky’s business costs the lowest in the nation.

for more information on Kentucky’s economic advantages for your business, click here – http://www.thinkkentucky.com and some Top reasons to move your business to Kentucky – Whether you’re a prospect, an existing Kentucky business or you’re looking to start a business in Kentucky, it helps to hear what other business leaders are saying about doing business in the Bluegrass. We’re happy to spread the word.

Instant Industrial and Warehouse Opportunity Space for lease

Manufacturing-And-Warehouse-For-Lease

260,000+ sf of Manufacturing + Warehouse Facility space for lease.  This single tenant or multi-tenant industrial complex provides over 260,000+ square feet of prime manufacturing, assembly, warehouse or distribution space. Located just off of Highway 127 with convenient access to Bluegrass Parkway and I-64.  Ample parking (501 passenger cars spaces, plus truck), 32,000 sf of office if needed. Heavy three phase 277/480VAC Electric service, Natural Gas and Municipal Water to all areas of the buildings. Dock high and grade level access – up to 23 foot ceilings.  Fully wired with Cat 5 and some Fiber Optic. Fully wet and dry sprinklered throughout. Additional Industrial land available for outside storage or will build to suit.  Instant Industrial and Warehouse Opportunity Space for lease  Call 859-494-5521, ask for Ken.

CONSTRUCTION:

Floors:                       6” concrete with 6×6 – 6/6 wire

Walls:                       Original – Vinyl-backed insulated metal with interior wood liner panel

Addition – Vinyl-backed insulated metal with 8’ interior metal liner panel

Columns:                 12” steel | beams

Ceiling:                     Original – Exposed vinyl-backed insulated metal with additional insulation above metal

Addition – Metal with insulation above decking

Roof:                         Original – Carlisle rubber membrane (1996), except for 44,640 sq. ft. manufacturing with standing seam metal

                                    Addition – Carlisle rubber membrane (2005)

 

OFFICE:                   32,492 sq. ft. offset air-conditioned office support space, which includes 59 private offices, 8 conference rooms in front office and quality lab, shipping office, cafeteria and break room in main plant.

CEILING HEIGHT:      Plant 1 –  72,000 sq. ft.  13’ – 22’ clear under beam

28,500 sq. ft.  18’11” – 20’7” clear under beam

Plant 2 –   57,600 sq. ft.  16’7” – 23’9” clear under beam

29,560 sq. ft.  18’11” – 20’7” clear under beam

Lower Level –

24,152 sq. ft.  17’ clear under beam

Support Buildings –

                                             11,625 sq. ft.  17’ clear under beam

COLUMN SPACING:              30’ x 60’

POWER:                  Supplied by Kentucky Utilities

                                    Primary Service: 12 KV

Secondary Service:

                                     277/480 volt, 3 phase, 4 wire

3 switchgears totaling – 9400 amps

Cutler Hammer – 4000 amps

Cutler Hammer – 3000 amps

GE – 2400 amps

Transformers:

(1)  1000; (1) 1500, and (1) 750 kva

 

Distribution: Buss duct throughout plant

HEAT/AIR:            (3) roof-mounted, Modine, gas-fired, heat/air-handling units.

(1) pad-mounted, Modine, gas-fired air-only unit. Heat supplemented by Modine, gas-fired, ceiling suspended units.

(1) Weil-Mclain 780,000 BTU boiler used to heat office.

 

SPRINKLER:         100% sprinklered; wet system in main plant and dry system in out-buildings

Static pressure:                   180 psi

Residual pressure:             160 psi 

WATER:                  Supplied by Harrodsburg Water District

Main: 12″ ; 6″ to building

SEWER:                  Supplied by Harrodsburg Water District

Main: 12” ; Line: 6”

NATURAL GAS: Supplied by Atmos Energy

Main: 4” ; Line: 4”

COMPRESSED

AIR:                           (1) 200 hp Sullair compressor

Air lines throughout the facility

A/C:                           Office

LIGHTING:            Combination multi-vapor and high-intensity fluorescent

VENTILATION:   34 exhaust fans and wall-mounted louvers 9 ceiling-mounted smoke exhaust hatches

FLOOR DRAIN:    (1) 150’ in original manufacturing section

(2)        in press area

Pumped to waste water treatment facility

TRUCK LOADING:

West:

(7)    8’ x 10’ tailgate doors with levelers, dock lights, locks, seals, and concrete loading pad

                                    (1)    8’ x 8’ door for delivery trucks

                                    (1)    tailgate height loading dock accessed via 8’ x 10’ door

                                    (1)    8’ x 10’ drive-in door to lower level

                                    (1)    12’ x 14’ drive-in door to lower level

North:

(1)       12’ x 14’ drive-in door

(1)       8’ x 10’ drive-in door

 ZONING:                Commercial / Industrial

Call Ken Garcia 859-494-5521

Kentucky is Open for business

Kentucky is Open for business

Kentucky workforce graphLow Cost of Business

  • 10 of the largest Fortune 25 global corporations
  • 17 of the largest Fortune 25 US corporations
  • 395 international companies
  • 1,000s of domestic companies

The favorable business climate in Kentucky has enticed many to come set up shop in the Commonwealth. Bolstered by one of the most competitive tax structures in the region and one of the most affordable costs for electricity in the nation = currently 3.54 cents per kWh (October 2013), Kentucky has one of the lowest overall costs of doing business in the United States.

Location Location Location

  • Located at the geographic center of the eastern US and within 600 miles of 2/3s of the nation’s population.
  • At the highway crossroads for the Canada to Florida I-75 route, and the St. Louis to Norfolk I-64 route.
  • Serviced by two major shipping hubs, UPS WorldPort based in Louisville KY and DHL based in Erlanger KY.
  • Excellent river and railway access, providing services from the Great Lakes to the Gulf of Mexico.
  • 8 public universities, over 25 private universities, and 16 community and technical colleges located on over 68 campuses statewide.

Workforce Facts

  • Population: 4,339,367
  • Median Age: 38.1
  • Median Income: $41,236

Great Access

  • 5 commercial airports
  • 14 interstates and parkways
  • 4 major railways
  • 7 public riverports

Whether you’re shipping goods or meeting clients, Kentucky has the transportation infrastucture to help your business operate smoothly and efficiently.

Sources

  • North American Business Cost Review, 2011 Edition, prepared by Economy.com, Inc.
  • KY Cabinet for Economic Development Business and Industry Information System (KBIIS)
  • US Census Bureau, 2010
  • Kentucky Council on Postsecondary Education
  • Kentucky Transportation Cabinet