I want an Industrial buding in Ventura county

[Husqy510]

I'm in the beginning stages of looking for an industrial space to rent in Ventura County. I would prefer something close to my house in Newbury Park. The plan is to rent a space between 1500-3000sqft with a couple buddies to store our cars.

I'm also curious what the additional monthly costs are, beyond rent (utilities, insurance, etc...).

 

[bonesfab]

There is a 4000 sqft right down the street from me. It was still available last week. There is also 2100 sqft around the corner from me. Everything is stupid expensive now.

 

[Tank]

Yeah. I’ve been looking at buying or leasing an industrial building for a couple years now
To put the boat in. STOOOOOPID prices. 1000 square foot industrial condo with 1 bay = 1500-2k a month to rent. 500k to buy. Unit like you’re looking at, 2 mil easy. 3k square feet, 4-5k a month.

 

[NicPaus]

CAM fees. Common area maintenance is added to some of the commercial and industrial units for lease.

 

[Bigbore500r]

I'm in the beginning stages of looking for an industrial space to rent in Ventura County. I would prefer something close to my house in Newbury Park. The plan is to rent a space between 1500-3000sqft with a couple buddies to store our cars.

I'm also curious what the additional monthly costs are, beyond rent (utilities, insurance, etc...).

I am also in Newbury Park. Most of the stuff on Loop net is betwen $15 = 20$ per Sq (per year) in the industrial office parks around here.
Not cheap!

 

[Cole Trickle]

Make sure its set up to allow cars/gas engines indoors. We had a 15x35 bay that I would store a car in occasionally and it wasn't zoned for car storage or work.

I wasn't working out of it but I always had to be careful of property management. I stored the car empty of gas so technically I wasn't breaking rules but they would have fought it if they caught me.

They typically required a Business owners policy as well. Not to shit on the idea but unless its a single owner complex big business wants all the insurance for tenants these days.

 

[Husqy510]

@bonesfab do you have a contact for the spots near you?

 

[Morehart]

Ranch Conejo exit. Alexi had a decent shop in Newbury for a while. Boost power

 

[Morehart]

Quite a few spots off teller rd. Most single spaces come with a small office and bathroom

 

[Husqy510]

Quite a few spots off teller rd. Most single spaces come with a small office and bathroom

I've seen a few of those and hoping someone on here may have a realtor or property manager I can talk to. I'd rather work with someone that was referred.

Thanks, Ian

 

[bonesfab]

Grabbed these on a test drive.

 

[C_J_J_C]

If it is just for car storage try and find a company that already does it or rent the building yourself and be the landlord for you and your friends.

My neighbor started renting space in orange county and it was so easy I followed. We both charges $200-400 a car depending on how many in/outs.

i would strongly recommend not doing the group landlord idea. I can see a "Friend" deal ending as a not friends deal real quick. If you are the landlord and you rent to friends first great but if it doesn't work out you can rent to someone else and still be friends.

 

[Husqy510]

Thank you @bonesfab

@C_J_J_C that is kind of my plan. Rent the building myself and create an LLC, then I will rent spaces to a few other guys.

 

[ChumpChange]

Thank you @bonesfab

@C_J_J_C that is kind of my plan. Rent the building myself and create an LLC, then I will rent spaces to a few other guys.

Is it Matt Farah or “the smoking tire” guy that does this on a high-end level?

 

[boatpi]

Everything industrial is nuts. Vegas is same rate is Iran e County. Buy at $350 a square foot too, insane.

 

[D19]

@C_J_J_C that is kind of my plan. Rent the building myself and create an LLC, then I will rent spaces to a few other guys.

You're going to have to rent more than a few cars to make this pencil out. It's going to take 1 car just to pay for your LLC yearly fee and tax return.

 

[C_J_J_C]

You're going to have to rent more than a few cars to make this pencil out. It's going to take 1 car just to pay for your LLC yearly fee and tax return.

A man cave with friends absolutely doesn't pencil out as an independent business but hell yes renting out extra space does. The neighbor has been so successful renting his extra space he now has three four post lifts. He has the renters pay 1 year in advance and buys the lift with the advanced rent.

 

[Meaney77]

Thank you @bonesfab

@C_J_J_C that is kind of my plan. Rent the building myself and create an LLC, then I will rent spaces to a few other guys.

Keep us posted if you are looking for renters!! I would love to store my boat indoors locally if the price was reasonable!

 

[Tank]

I’ve thought of doing this for 20 years. The numbers don’t work. Would if you own the building because of the tax write offs. But to rent, doesn’t work. Unless you do a 1200 square foot ish place to store 4 cars and each of you pay $600 a month.

 

[C_J_J_C]

Keep us posted if you are looking for renters!! I would love to store my boat indoors locally if the price was reasonable!

Boats are hard. I can store at least 3 cars (6 with lifts) and move them around easier than a single 25 foot (30ish feet on tailer) boat. Therebis a reason indoor boat storage cost almost as much as an independent storage unit.

 

[Orange Juice]

I'm in the beginning stages of looking for an industrial space to rent in Ventura County. I would prefer something close to my house in Newbury Park. The plan is to rent a space between 1500-3000sqft with a couple buddies to store our cars.

I'm also curious what the additional monthly costs are, beyond rent (utilities, insurance, etc...).

Security could be a problem.

 

[Husqy510]

You're going to have to rent more than a few cars to make this pencil out. It's going to take 1 car just to pay for your LLC yearly fee and tax return.

I'm not looking to make money. I need a place to store my own vehicles and it would be great if I can subsidize with a tax right off and renting a few spots.

 

[LakeMeadLavey]

I have looked into this as well for toy storage. In fact my company owns a building down the street from the sign bonesfab posted. I looked at these units and as others have said just doesn't pencil out. Security is another cost you have to factor in. Alarm system etc as well as insurance. $/sq ft right now is just outrageous.

Another suggestion could be Camarillo or Santa Paula airports. Have a few buddies who fly and own hangars at the airport. They sub lease out some of the space to friends to store cars/bikes but you have to know someone as its on the DL.

 

[D19]

I'm not looking to make money. I need a place to store my own vehicles and it would be great if I can subsidize with a tax right off and renting a few spots.

Oh Ok, I get it. I've thought about putting up a big building on my property at the river to rent out a few spaces. I know a few people who do that but I don't want the headaches they have.

I recommend you talk to an attorney (one who knows RE well) and run through all the possible negative scenarios that can happen and how to protect yourself.

 

[C-Ya]

The easiest way for it to pencil out is to build a larger facility than needed. This allows you to rent or sell the additional space, in order to offset your costs of ownership.

 

[bonesfab]

Camarillo Airport has cracked down on cars in the hangars I am told.

 

[C-Ya]

In SoFlo, there are ordinances against being able to park a boat in an airplane hangar. No bueno!

 

[Tank]

Camarillo Airport has cracked down on cars in the hangars I am told.

BIG TIME!!! So has Oxnard. I think you can still get away with it in Santa Paula but you have to have a plane in the hangar for sure. They don’t dig just storage. I’ve checked into that for the boat as well. lol. Buddy has a plane in Oxnard.