{"id":5161,"date":"2022-06-06T12:10:56","date_gmt":"2022-06-06T16:10:56","guid":{"rendered":"https:\/\/www.lee-associates.com\/pennsylvania\/?p=5161"},"modified":"2022-12-28T13:50:48","modified_gmt":"2022-12-28T18:50:48","slug":"hidden-value-in-commercial-parking-lots","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/easternpa\/2022\/06\/06\/hidden-value-in-commercial-parking-lots\/","title":{"rendered":"The Hidden Value in Commercial Parking Lots"},"content":{"rendered":"<div id=\"pl-5161\"  class=\"panel-layout\" ><div id=\"pg-5161-0\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-5161-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-5161-0-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p>If you are a new\u00a0commercial real estate\u00a0investor or business owner, your property may be an overlooked asset. Industrial lots are essential for businesses, making them also essential to investors.<\/p>\n<p>An industrial outdoor storage yard allows e-commerce companies and other growing industries to store and ship their items more efficiently, making them an exciting opportunity for businesses and investors.<\/p>\n<p>In this article, we\u2019ll dive into the investment opportunities associated with Industrial Outdoor Storage Yards.<\/p>\n<h2>Using Parking Lots for Outdoor Storage Yards or\u00a0Industrial Outdoor Storage (IOS)<\/h2>\n<p>Parking lots have emerged as an asset class through their use as outdoor storage or\u00a0industrial outdoor storage yards, making them an increasingly popular investment opportunity.<\/p>\n<p>Industrial users with nearby businesses use IOS sites to store items they need, from truck trailers and construction materials to shipping containers full of inventory. We\u2019ll highlight a few of the business benefits and investment opportunities associated with IOS and information on it where you can typically find them.<\/p>\n<h2>Where are IOS Sites Located?<\/h2>\n<p>Since IOS sites generally service a business located elsewhere, they\u2019re most viable in metropolitan areas close to roadways that can handle a large truck volume. Common IOS sites range from five to 20 acres of uncovered land, with a small onsite office for management.<\/p>\n<p>With today\u2019s e-commerce industry growth, the demand for more storage space continues to grow as well. Companies aim for land that provides enough room to overstock products with steady consumer demand, efficiently moving products in and out with trucks and trailers. A lack of industrial zoned land and various other factors have many end-users scrambling for only a few IOS sites today.<\/p>\n<h2>The Business Benefits of IOS<\/h2>\n<p>Logistics companies like Amazon, FedEx and UPS need IOS or truck terminals to maintain the efficiency of their business operations. With IOS, you can appreciate benefits such as:<\/p>\n<ul>\n<li><strong>Space for vehicles:<\/strong>\u00a0IOS sites allow extra room to move goods from one truck to another without taking up extra space in distribution centers. They also allow vehicles to remain on the property, away from the core business office.<\/li>\n<li><strong>Short-term product storage<\/strong>: Both warehouses and IOS sites let businesses store overstocked products before shipping them to their next destination. However, IOS sites frequently offer shorter leases, giving companies greater flexibility in their storage options.<\/li>\n<\/ul>\n<p>IOS is critical for e-commerce business models because they allow convenience and efficiency. Their benefits for business owners are quickly making IOS sites more and more prevalent as an emerging asset class.<\/p>\n<h2>Advantages of Investing in IOS<\/h2>\n<p>JPMorgan Asset Management is a\u00a0<a href=\"https:\/\/www.globest.com\/2022\/02\/07\/jp-morgan-zenith-ios-launch-industrial-outdoor-storage-jv\/?slreturn=20220108163357\" target=\"_blank\" rel=\"noopener noreferrer\"><u>national player investing in IOS<\/u><\/a>\u00a0due to its low upkeeping costs and a favorable ratio of supply to demand.\u00a0IOS sites are critical investment opportunities for various reasons:<\/p>\n<ul>\n<li>Simple to manage<\/li>\n<li>Easy to lease<\/li>\n<li>Reliable sources\u00a0of revenue<\/li>\n<li>Higher average cap rates than distribution centers<\/li>\n<li>Higher renewal rates for tenants<\/li>\n<\/ul>\n<p>While most leases for industrial outdoor storage properties make the tenant responsible for site and upkeep costs, investors may still need to replace pavement in areas where the weight of storage items exceeds the surface\u2019s capacity.\u00a0However, as it becomes\u00a0<a href=\"https:\/\/www.naiopmd.org\/news\/industrial-outdoor-storage-catch-attention-of-end-users-and-investors\/\" target=\"_blank\" rel=\"noopener noreferrer\">harder to find IOS sites<\/a>, their price is increasing and attracting real estate investors from all over. This low supply and high demand have made IOS a highly valuable investment opportunity that\u2019s growing in residual value every day.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-5163 size-full\" src=\"https:\/\/www.lee-associates.com\/easternpa\/wp-content\/uploads\/sites\/83\/2022\/06\/02-Tips-for-parking-lot-maintenance.jpg\" alt=\"tips for parking lot maintenance\" width=\"1200\" height=\"600\" srcset=\"https:\/\/www.lee-associates.com\/easternpa\/wp-content\/uploads\/sites\/83\/2022\/06\/02-Tips-for-parking-lot-maintenance.jpg 1200w, https:\/\/www.lee-associates.com\/easternpa\/wp-content\/uploads\/sites\/83\/2022\/06\/02-Tips-for-parking-lot-maintenance-512x256.jpg 512w, https:\/\/www.lee-associates.com\/easternpa\/wp-content\/uploads\/sites\/83\/2022\/06\/02-Tips-for-parking-lot-maintenance-768x384.jpg 768w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<h2>Tips for Parking Lot Maintenance and Upkeep<\/h2>\n<p>Once you have your commercial parking lot, you\u2019ll need to invest in its upkeep. Regularly inspect your parking lot for\u00a0damages like\u00a0cracks and potholes\u00a0and repair them\u00a0quickly. A\u00a0facility manager\u00a0can use preventative maintenance to extend the life of a parking lot while improving curb appeal and enticing customers.<\/p>\n<p>Tips for maintaining and protecting business parking lots for customers and workers include:<\/p>\n<ul>\n<li><strong>Crack sealing:\u00a0<\/strong>Crack sealing will keep your pavement\u2019s sub-base dry. When water seeps into cracks during the winter, the water will freeze, expand and contract to create potholes. It\u2019s essential to seal cracks to prevent potholes and safety hazards down the line.<\/li>\n<li><strong>Asphalt repairs:\u00a0<\/strong>Repair any potholes with hot mix asphalt to prevent more cracks. Saw cut and remove any damaged areas to install new asphalt efficiently.<\/li>\n<li><strong>Inlet maintenance:<\/strong>\u00a0Pavement\u2019s interior structure deteriorates when water seeps into maintenance holes and inlets. To promote a safe parking lot, inspect your catch basins to ensure they are structurally sound and the surrounding asphalt is intact.<\/li>\n<li><strong>Salting and snow plowing:\u00a0<\/strong>Salt and plow your parking lot in the winter months to prevent liabilities caused by vehicle collisions or patrons slipping on ice. Keep in mind that salt and ice can deteriorate your inlets, so be sure to inspect them after heavy snowfall or freezing temperatures.<\/li>\n<li><strong>Oil and gasoline drippings removal:<\/strong>\u00a0You should remove harmful materials like oil and gas drippings from your parking lot immediately. The chemical makeup of oil and gas removes the \u201cglue\u201d used to keep your pavement intact, so it\u2019s essential to clean all drippings to maintain a\u00a0clean\u00a0parking lot.<\/li>\n<li><strong>Sealcoating:\u00a0<\/strong>Sealcoat your parking lot with a high-quality product every few years. Sealing your asphalt will boost its lifespan and increase curb appeal, keeping your lot healthy and aesthetically pleasing to attract patrons.<\/li>\n<li><strong>Debris removal:<\/strong>\u00a0You can use a power washer or sweeper to remove trash and other debris from\u00a0any\u00a0type of\u00a0parking lot. Doing so will improve the look of your parking lot, so shoppers regard your business as clean and approachable.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.lee-associates.com\/easternpa\/contact-us\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-5164 size-full\" src=\"https:\/\/www.lee-associates.com\/easternpa\/wp-content\/uploads\/sites\/83\/2022\/06\/03-property-management-and-investment-services.jpg\" alt=\"property management and investment services\" width=\"1200\" height=\"600\" srcset=\"https:\/\/www.lee-associates.com\/easternpa\/wp-content\/uploads\/sites\/83\/2022\/06\/03-property-management-and-investment-services.jpg 1200w, https:\/\/www.lee-associates.com\/easternpa\/wp-content\/uploads\/sites\/83\/2022\/06\/03-property-management-and-investment-services-512x256.jpg 512w, https:\/\/www.lee-associates.com\/easternpa\/wp-content\/uploads\/sites\/83\/2022\/06\/03-property-management-and-investment-services-768x384.jpg 768w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p><strong>Read More About Investments<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/www.lee-associates.com\/easternpa\/2019\/01\/09\/uncovering-opportunity-zones-4-things-to-know\/\">Uncovering Opportunity Zones: 4 Things To Know<\/a><\/li>\n<li><a href=\"https:\/\/www.lee-associates.com\/easternpa\/2018\/06\/12\/top-considerations-in-site-selection-via-leemail\/\">Top Considerations In Site Selection<\/a><\/li>\n<li><a href=\"https:\/\/www.lee-associates.com\/easternpa\/properties\/commercial-land\/\">Commercial Land For Sale<\/a><\/li>\n<li><a href=\"https:\/\/www.lee-associates.com\/easternpa\/2022\/03\/21\/17-acre-industrial-storage-yard-ios-sold-in-morrisville-pa\/\">17 Acre Industrial Storage Yard (IOS) Sold in Morrisville, PA<\/a><\/li>\n<\/ul>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pg-5161-1\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-5161-1-0\"  class=\"panel-grid-cell panel-grid-cell-empty\" ><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>If you are a new\u00a0commercial real estate\u00a0investor or business owner, your property may be an overlooked asset. Industrial lots are essential for businesses, making them also essential to investors. An industrial outdoor storage yard allows e-commerce companies and other growing industries to store and ship their items more efficiently, making them an exciting opportunity for businesses and investors. In this article, we\u2019ll dive into the investment opportunities associated with Industrial Outdoor Storage Yards. Using Parking&#8230;<\/p>\n","protected":false},"author":24,"featured_media":4400,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[19],"tags":[],"class_list":["post-5161","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.5 (Yoast SEO v28.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The Hidden Value in Commercial Parking Lots | Lee &amp; Associates of Eastern Pennsylvania<\/title>\n<meta name=\"description\" content=\"Learn about the hidden value in commercial parking lots here! We provide insight into parking lots&#039; effect on business owners and IOS, an emerging asset class.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lee-associates.com\/easternpa\/2022\/06\/06\/hidden-value-in-commercial-parking-lots\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Hidden Value in Commercial Parking Lots\" \/>\n<meta property=\"og:description\" content=\"Learn about the hidden value in commercial parking lots here! We provide insight into parking lots&#039; effect on business owners and IOS, an emerging asset class.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lee-associates.com\/easternpa\/2022\/06\/06\/hidden-value-in-commercial-parking-lots\/\" \/>\n<meta property=\"og:site_name\" content=\"Eastern Pennsylvania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/LeeAssociatesPA\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-06T16:10:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-28T18:50:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.lee-associates.com\/easternpa\/wp-content\/uploads\/sites\/83\/2021\/08\/PressRelease_Thumb-2022.png\" \/>\n\t<meta property=\"og:image:width\" content=\"345\" \/>\n\t<meta property=\"og:image:height\" content=\"222\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"mmurray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@LeeAssociatesPA\" \/>\n<meta name=\"twitter:site\" content=\"@LeeAssociatesPA\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mmurray\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/easternpa\\\/2022\\\/06\\\/06\\\/hidden-value-in-commercial-parking-lots\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/easternpa\\\/2022\\\/06\\\/06\\\/hidden-value-in-commercial-parking-lots\\\/\"},\"author\":{\"name\":\"mmurray\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/easternpa\\\/#\\\/schema\\\/person\\\/0182e33a9dba72187921e3ee860d9769\"},\"headline\":\"The Hidden Value in Commercial Parking Lots\",\"datePublished\":\"2022-06-06T16:10:56+00:00\",\"dateModified\":\"2022-12-28T18:50:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/easternpa\\\/2022\\\/06\\\/06\\\/hidden-value-in-commercial-parking-lots\\\/\"},\"wordCount\":942,\"publisher\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/easternpa\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/easternpa\\\/2022\\\/06\\\/06\\\/hidden-value-in-commercial-parking-lots\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.lee-associates.com\\\/easternpa\\\/wp-content\\\/uploads\\\/sites\\\/83\\\/2021\\\/08\\\/PressRelease_Thumb-2022.png\",\"articleSection\":[\"Blog\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/easternpa\\\/2022\\\/06\\\/06\\\/hidden-value-in-commercial-parking-lots\\\/\",\"url\":\"https:\\\/\\\/www.lee-associates.com\\\/easternpa\\\/2022\\\/06\\\/06\\\/hidden-value-in-commercial-parking-lots\\\/\",\"name\":\"The Hidden Value in Commercial Parking Lots | Lee & Associates of Eastern Pennsylvania\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/easternpa\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/easternpa\\\/2022\\\/06\\\/06\\\/hidden-value-in-commercial-parking-lots\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/easternpa\\\/2022\\\/06\\\/06\\\/hidden-value-in-commercial-parking-lots\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.lee-associates.com\\\/easternpa\\\/wp-content\\\/uploads\\\/sites\\\/83\\\/2021\\\/08\\\/PressRelease_Thumb-2022.png\",\"datePublished\":\"2022-06-06T16:10:56+00:00\",\"dateModified\":\"2022-12-28T18:50:48+00:00\",\"description\":\"Learn about the hidden value in commercial parking lots here! 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