Buying — Commercial Real Estate Checklist
: Obtain a Phase I Environmental Site Assessment to check for soil contamination, asbestos, or lead. 3. Physical Property Inspection
: Confirm the property meets current land use requirements for your intended business operations or planned improvements. buying commercial real estate checklist
: Verify utility availability, security features, and property management challenges. : Obtain a Phase I Environmental Site Assessment
: Analyze potential liability such as flood zones or noise restrictions. buying commercial real estate checklist
: Review past three years of operating statements , rent rolls, and tax returns to verify cash flow.
: Evaluate lease expiration dates , tenant creditworthiness, and any concessions or unpaid rent.
: Test the HVAC, plumbing, and electrical systems to estimate maintenance and lifecycle costs.