Session 3 Flashcards
What does commercial property include
It includes office, retail and industrial properties. However, industrial property should also be considered separately.
What is industrial property
It is the land and improvements to the land (e.g. buildings, fabrication plant, and yours) used for heavy and light manufacturing, storage or distribution of goods
What is included in a low rise office buildings
It’s structure, HVAC, common areas, janitorial services, parking
What is included in high-rise office building
Structure, HVAC, common areas, elevators, personnel, janitorial services, parking, emergency exits
What does the term commercial mean or apply to
Any non-residential property which generates revenue through rent with the objective of a profit.
What are high-rise buildings constructed of
Typically they have concrete, steel or a combined structure
What are low rise buildings made of
Typically they have a wood frame, masonry, concrete, steel, or a combined structure
The types of retail outlets commonly found in a medical/dental buildings are what
Pharmacists, optometrists, dry cleaners, coffee shops, beauty parlors and new stands
In most medical/dental tenants suites are comprise of what
A waiting room, nurse or receptionist station, a number of specialized examining rooms, and office, a laboratory, and a storage room
Explain service operations
There are many types of service operations which are not truly retail or light industrial, but a combination of the two. This category includes gas stations on the ground leases, muffler shops, body shops, heating and air-conditioning services, sign writers, electrical shops, glass and mirror shops and so on.
What is industrial property used for
Used for heavy or light manufacturing, storage, or the distribution of goods.
What are the four main types of industrial property
Where houses, custom built manufacturing plants, special use industrial plants and industrial parks
In industrial parks, internally these buildings should have high clearance to the underside of roof trusses to commit maximum space for Stockton materials and products. Practical reasons how high is the minimum clearance necessary
For practical reasons a 12 foot minimum clearance is necessary and today’s large warehouse is have 28 to 30 foot ceiling heights
There are 3 General Shopping Center classifications with varying Tenant mixes.
Neighborhood center, community Center, regional center
What does the term tenant mix mean
Tenant mix refers to the mix of goods and services that will be provided to shopping center customers when all of the centers tenants are taken into account
