Old Industrial Building to Loft Conversion

[Nathan H.]

Hello Everyone, 

I came across a potential opportunity to convert a nice brick warehouse into some loft-style apartments. I'm a very active investor in the area, so I know this works as far as financing, zoning, parking, demand, ect.

I've never done a similar conversion, so I don't know a good baseline to determine the costs of doing this. From what I know (of course to be confirmed through due diligence), there are no environmental concerns, asbestos, structural issues, ect. If I find out there are, I'll reassess. 

For now I'm trying to get a rough estimate of conversion costs as far as ducting, plumbing, electric and final finishes. Wondering if anyone has done a similar project and what their approximate per sqft reno cost was, not including things such as exterior and roof, structural, environmental remediation, parking lots, security, ect. The building is in great shape overall. 

Thank you!