Perry C Pursell

Gainesville, Florida Commercial and Industrial Real Estate

PERRY PURSELL, REALTOR

(352) 665-9731
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Industrial RE Market Report in Alachua County

October 7, 2020 by Perry Leave a Comment

 

Industrial Real Estate is becoming the preferred investment for real estate investors. With shoppers staying home and online shopping sales climbing, the need for e-commerce space continues to grow. A good local example is the Amazon fulfillment center with Big Buildings as the local broker for the sale. With online food shopping cold storage facilities are also in high demand. (Yes, we have one available!)

Filed Under: Updates

2019 Market Report for Big Buildings

September 5, 2019 by Perry Leave a Comment

Filed Under: Commercial Real Estate, Industrial Real Estate, News, Updates

Happy Holidays from the Big Buildings Team

December 20, 2018 by Perry Leave a Comment

Filed Under: Commercial Real Estate, Holiday, Industrial Real Estate, News, Updates

4 Not-So-Obvious Reasons Why Warehouses are Hot Investments Right Now

December 13, 2018 by Perry Leave a Comment

21 Mar 2018

4 Not-So-Obvious Reasons Why Warehouses are Hot Investments Right Now

Vacancy rates are at all time lows. Absorption rates are at their highest and the “industrial sector has outperformed all other property types with double-digit total returns” according to the Integra Realty Resources 25th annual Viewpoint report covering the commercial real estate industry.

The obvious reason behind this surge in investor excitement about warehouses is the growth of e-commerce, but that’s not the only reason. Here are 4 not-so-obvious reasons why warehouses are hot investments right now.

#1: Asian Investors Spark Multi-Story Warehouse Trend

In China and Japan, investors have been producing multi-story warehouses for the last few years to support global and national logistics. The ability to load multiple trucks through the same warehouse and out the door is only now being tested in Seattle and San Francisco. Investors excited about the possibilities for last mile deliveries using multi-story warehousing is heating up interest.

#2: Businesses Compete for Logistical Space

Speaking of logistics – the international term for industrial warehousing – is creating new competition in secondary CRE markets. Demand for these assets is outpacing retail and office, and it is the CRE sector in highest demand worldwide. With cap rates as low as they are, secondary markets are proving to be viable options now that primary asset prices are on the rise, all in an effort to move goods and products faster.

#3: Foreign Investors Eye ECommerce-Ready Industrial Warehouses

U.S. investors only started eyeing industrial warehouse assets en masse a few years ago. Now foreign investors are getting in on the act, foregoing investments in status symbol sky rise buildings and offices and instead are looking to capitalize on e-commerce-ready warehouses; those most strategically placed for e-commerce as well as those equipped to process online orders rapidly and efficiently. Competition is coming from Asia but also countries like Canada and Germany are looking to invest in U.S. warehouse space.

#4: Fast Closes, Low Debt Assets Attract More Investors

According to one major investor, up to 70% of transactions involving industrial warehouses are cash deals. Cash deals close fastest and carry less debt. With all of the competition driving demand, buyers are using cash to get a leg up on competing bids. Unlike office and retail space where investors finance a large chunk of the costs over the long term, all cash deals are more attractive to investors who look for faster closes and are willing to take on less debt. Warehouses are providing that avenue for investments and investors of all types are seizing on it.

Filed Under: Commercial Real Estate, Industrial Real Estate, Updates Tagged With: #manufacturing jobs, industrial real estate news

Final Week for the NW 55th Place Build

March 11, 2016 by Perry Leave a Comment

Building B in its final stages!

It’s been an exciting journey to see these spaces being built from the ground up.

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Filed Under: Updates Tagged With: follow this build

Week 13

February 23, 2016 by Perry Leave a Comment

Building B should be finished soon!20160219_150109 20160219_150133 20160219_150138 20160219_150201

 

Building G coming along nicely.

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Filed Under: Updates Tagged With: follow this build

Week 12

February 15, 2016 by Perry Leave a Comment

We have only a few more weeks to go!

Building B is looking good and Building G is starting to gain its structure.

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Filed Under: Updates Tagged With: follow this build

Week 11 for the NW 55th Place Construction

February 8, 2016 by Perry Leave a Comment

I’m back from vacation and I checked in on the NW 55th Place Commercial and Technology park construction.

It’s been two weeks since I was out there and look at the progress!

Week 11 and three ring 001 Week 11 and three ring 002 Week 11 and three ring 003 Week 11 and three ring 004 Week 11 and three ring 005 Week 11 and three ring 006

Filed Under: Updates Tagged With: follow this build

Week 9 of construction at NW 55th Commercial and Technology Park

January 22, 2016 by Perry Leave a Comment

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Week 9 and there’s already more progress on the walls for B! Building G has started to gain some structure as well.

I’ll be on vacation next week, so it will be interesting to see how much progress two weeks will make!

Filed Under: Updates Tagged With: follow this build

Week 8 for 55th Place Commercial Park Construction

January 21, 2016 by Perry Leave a Comment

20160115_112112 20160115_112151 20160115_112243 20160115_112305

Here’s a little progress in Week 8. The walls are starting to go up in Building B!

Filed Under: Updates Tagged With: follow this build

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Coldwell Banker M.M. Parrish
Coldwell Banker M. M. Parrish Realtors

352.665.9731
ppursell@mmparrish.com

5808 NW 39th Ave
Gainesville, FL 32606

5110 SW 91st Drive
Gainesville, FL 32608