roof lifting | rooflifters - clear height expansion solutions

Summary

• Overview of roof lifting A common challenge The simple solution Roof lifting process Key advantages & benefits Case study: Developer

rooflifters.com | 866-331-6150

Who Benefits?

• Realtors/ Brokers Buildings for lease or sale may not be

considered due to clear low height Market at higher clear heights with

higher lease rates Allows for more options when discussing

properties with buyers/lessees


Who Benefits?

• Developers / Investors Purchase a property or portfolio at below

market rates. Raise the roof and increase lease rates,

sale prices Improve the long-term value of the

asset.


Who Benefits?

• Owners/ Users Avoid relocating an existing business Eliminates need for “outward” expansion Creates options for buildings in more

desirable locations.


A Common Challenge


• Low clear heights in existing buildings Limited useable cube May lay vacant for years Often demolished Additions are costly and limited Poor marketability, low value

A Common Challenge


Vacant Distribution Center16 ft. clear height | 70,000 sq. ft. | 1,120,000 usable cu. ft.

A Simple Solution


• Raise the roof of existing buildings Increase usable cube Maximize the functionality of the property Allow for more material handling options

and machinery Increase marketability and asset value

A Simple Solution


Distribution Center occupied by Planters Peanuts32 ft. clear height | 70,000 sq. ft. | 2,240,000 usable cu. Ft.

The Process


• How is roof lifting accomplished Install lifting system (hydraulic lifting posts) Shore walls and parts of building not to be raised Separate roof from walls Sever or remove the existing columns Raise the entire roof or just a portion Install new columns or stubs/inserts Enclose building with additional siding Reconnect utilities

Prior to lifting


During lifting


New columns installed


Wall enclosure installed


Pallet racking installed


Roof lifting complete


Case study: Developer


• Grand Rapids, Michigan 300,000 sf manufacturing building Vacant for 5 years Considered demolition Functionally obsolete at 16’ clear Poor marketability, low value



Functionally ObsoleteThe property is located in a well established industrial corridor. An ideal location for most manufacturers/distributors. The 16’ clear building only lacked sufficient height considered standard by most businesses in today’s market.



Value prior to raising the roof

“Value of the property was the value of the land, less the cost of demolition.

Twenty-four acres at $50,000 per acre. Approximately $1,200,000 with a cost of demolition around $600,000.

Leaving a property value of $600,000 or $1.71 per square foot.”

- Franklin Partners, Owner



RepositioningAfter contacting ROOFLIFTERS, the owners felt assured that they could modify the building to accommodate a tenant. They marketed the building at 32’ and within 10 months acquired a 12 year tenant.



Value AFTER raising the roof

The completed modernization created a huge increase in value to the asset.

Upon completion, the owners immediately received offers for the property as high as $14,000,000 or $42.94 per square foot.

They stated that the entire modernization, including the roof lift and other renovations, was around $7,000,000.



A True Class A facility

The entire 400,000 sf property is currently offered for sale at:

$22,000,000 or $51/sf

With the current tenant lease remaining through 2025.

Who have we worked for?


CLIENT LOCATIONBUILDING

TYPE

ROOFSIZE

HEIGHTLIFTED

NEW CLEARHEIGHT

Home Depot Des, Moines, Iowa Retail 50,000 5 ft. 21 ft.

Albertsons Chicago, Illinois Distribution 620,000 20 ft. 38 ft.

Ford Motor Company Cleveland, Ohio Manufacturing 370,000 4 ft. 20 ft.

Safeway Landover, Maryland Warehouse 336,000 13 ft. 33 ft.

Springs Industries Spartanburg, South Carolina Warehouse 143,000 20 ft. 38 ft.

General Motors Detroit, Michigan Warehouse 307,000 15 ft. 30 ft.

Sports Authority Atlanta, Georgia Retail 45,000 7 ft. 20 ft.

New York Daily News Jersey City, New Jersey Printing 180,000 6 ft. 24 ft.

Zellers London, Ontario Retail 75,000 4 ft. 20 ft.

Simcoe Leaf Simcoe, Ontario Distribution 53,000 8 ft. 26 ft.

Delta Marine Seattle, Washington Manufacturing 32,000 20 ft. 50 ft.

Wachovia Bank Winston-Salem, North Carolina Office 37,000 8 ft. 58 ft.

U-Stor-It Chicago, Illinois Warehouse 35,000 6 ft. 28 ft.

What does it cost?


Roof Lifting &Steel / Cladding *

Demo Roof & Rebuild

NewConstruction

Demolition Included Included N/A

Lift the roof Included N/A N/A

Rework steel joists N/A Included N/A

New steel columns Included Included Included

New steel deck N/A Included Included

Roofing: demo & new (cap flashing) Included Included Included

Electrical / Lighting / HVAC Included Included Included

Sprinklers / Mechanical Included Included Included

Masonry Included Included Included

Perimeter cladding Included Included Included

New Development charges N/A N/A Included

General Conditions Included Included Included

Cost per Square Foot $ 15.00 to $18.00 $ 26.00 to $28.00 $ 65.00 to $70.00

Contact us


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roof lifting | rooflifters - clear height expansion solutions

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