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Factors driving cold storage warehouse construction costs

The Korte Company

Below, we discuss important cost factors you should consider as you investigate the feasibility of your next project. Owners should come to pre-construction discussions knowing about how much inventory they plan to store. Cold storage warehouse spaces are too unique for lazy estimating. Any construction firm can talk the talk.

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State by State Incentives Guide

Buisness Facilities Contributed Content

Inventory is exempt from property tax. Bond proceeds cannot be used for working capital or inventory. No personal property or inventory taxes. That is, for property with a fair market value of $1 million, the assessed value would be $200,000. The combined state and local millage rate would then be applied to the assessed value.

Income 108
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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

Loan proceeds are to be used for working capital, inventory, equipment purchase, and real property improvements but cannot be used for refinancing of existing debt or outstanding debt payments. Funds may be used to acquire equipment, make leasehold improvements, purchase recycled raw materials and inventory or acquire real property.

Income 75