All Forum Posts by: Roland Mills

Sorry not red bricks/. i mean concrete blocks.

I have never done commercial construction. I am planning to build the warehouse to use for myself. I have been looking for warehouse but there is not much inventory to choose from. 

I am ok to wait 1-2 yrs if there is a significant saving. But it seems like developing small project is not making sense now in this market condition.

So the Builder takes all the profits ? or the construction cost is too high currently?

The best strategy is to wait for the CRE market fall and buy a existing one ?

Thank you y'all for your valuable opinions.

Yes we can come up with 800k cash

Would it makes a difference ?

Hi BP community ! I came across an opportunity to build a small warehouses. 8k sqft in an industrial area in Los Angeles Area.

I did some research, and the market price currently is about $300-400 per sq ft for industrial warehouse. While $400 is brand new building Nicely built price. 

To build a 8k warehouse with bricks, I'm getting rough bid around $175/sqft. , the lot cost is $110 per buildable sq ft. so the total cost will be around $300 / sqft. x8k = 2.4MM

While residential ADU building in LA (1200 sq ft ) for $200-220 /sqft, building industrial cost $175 ?

Is the building cost not making sense or the market ?

So the building cost is about the same as an older building. Is it worth the development ? or the building cost could be cheaper ?

Anyone with experience please help thank you !