Industrial properties range from 30,000 sq. ft. light fabrication and manufacturing facilities to 2,000,000 sq. ft. or larger facilities such as car and truck assembly plants. Some industrial properties, such as power plants and steel and paper mills, are highly specialized for a single purpose.
Uzelac’s trained professionals recognize all forms of obsolescence that occur in industrial properties. These are often caused by significant add-on construction, changes in plant equipment or work flow, and other forms of functional or economic obsolescence that assessors rarely consider when developing their appraisals.