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Rainer
58,611
Annie Adjchavanich
Secret HQ, Inc - Los Angeles, CA
CRE LA, Orange Co, SFV, South Bay, Inland Empire

As a commercial agent/tenant rep I always check:

Is the zoning correct for your client's use? 

Amps - how much power does the client need?

Ground level door? Is is big enough for client's use? Check condition of the roll up door and make sure it is secure. Check locks on all doors and security system.

Condition of the floor/floor coverings, wall. Steam clean carpets enough or replace throughout? Fresh paint?

Does your client need demised walls/offices?

What kind of lease is it? IG/MG - NNN? NNN charges per square foot?

Who pays for trash?

Ceiling foil - any evidence of leaks or foil needs to be replaced?

Check bathroom for any leaks, water pressure.

How many daily parking spaces does this lease allow?

Does your client needs overnight parking? Is it allowed on the property? Is the property fenced?

Be clear on the client's use and ask the leasing agent if use would be approved by landlord. Excessive noise or dust from client's work?

Ask the leasing agent what the commission split is between brokers on a completed transaction. Ask for a lease application.

If you want to partner on this I can write your LOI for you and help you negotiate terms on behalf of your client and go over every line in the commercial lease document.

In the last 6 months I've completed 20+ California commercial lease transactions. Feel free to contact me: annie@adhirealestate.com

GOOD LUCK!!

 

Dec 13, 2016 11:03 PM
Rainmaker
1,157,841
FN LN
Toronto, ON

You should co-broker with an agent familiar with commercial leases or refer the client to such an agent since you do not seem to be familiar with warehouse / office leases.

Dec 13, 2016 09:46 PM
Rainer
150,466
Michael Thacker - Re/Max Real Estate Center - Louisville
Re/Max Real Estate Center - The Thacker Group - Louisville, KY
Your best friend who just happens to be a Realtor

How many restrooms, amenities, and what other types of businesses that are operating around it. How much parking, and does it have any "curb appeal" that is conducive to your clients type of business if he, or she needs such. Good luck!

Dec 14, 2016 03:40 AM
Rainmaker
3,073,909
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Coldwell Banker Realty

Annie Adjchavanich nailed this one!

Dec 14, 2016 02:03 AM
Rainmaker
634,582
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

Annie Adjchavanich covered all my basics.

Dec 14, 2016 12:45 AM
Ambassador
5,139,253
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Well I do not get involved in commercial, but I would think you would want to look for any damages, things needing repair, etc. Keep a move-in checklist, perhaps with photos, to review with the landlord/agent for resolution before taking possession

Dec 13, 2016 10:13 PM
Rainmaker
5,249,486
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Real Estate Broker

As I'm not a commercial broker, I can't help you with this. Sorry.

Dec 14, 2016 03:44 AM
Rainmaker
834,953
Paul Antonelli
Antonelli Realty - Saint Cloud, FL
Broker Owner; Antonelli Realty

Everything, like CAM etc etc etc

Dec 14, 2016 12:39 AM
Rainmaker
1,957,322
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

I would also try to negotiate tenant improvements and rent concessions.  

Dec 16, 2016 05:31 AM
Rainmaker
5,962,023
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Don't do commercial, but looks like you got some great answers.

Dec 15, 2016 04:02 PM
Rainer
1,730
Jennie Leung
Centermac Realty - Acton, CA

Thank you for all your prompt responses, great suggestions and supports.  This is my first time ever joined a group discussion online and have actually participated in it since I still am not quite comfortable with the idea of social media as a person who is approching her middle age. I should have made my question clear that I have gone through the back and forth with the letter of intent already and has come to the last stage of inspection to move-in.  I was trying to see if I can get more idea from this platform since I feel you guys are all very helpful from other posts.  

As for the experiecne I have today,  the warehouse/office is well managed and well maintained.  It's a 10 years old building.  To minimize any repair for plumbing for the next 5 years,  the manager went ahead to replace all the pipes.  They have also replaced all the roll-up loading dock doors to the new one.  (They replaced them to the new type of door that require less cost to fix if it ever break)    One thing I have learnt today was about the EOD (Edge of Dock Leveler).  It's the piece that go between the 2 bumpers for trucks when truck back into the dock.  It can be opened to allow the forklift to drive into the container for unloading.  It costs $7000 each to be installed according to the manager.  Since we didn't request for it on the lease, the manager didn't install any for us.   When we found out, both my client and I thought we have missed out something.  As it turned out, our warehouse manager rather not to have one of those because it could cause more damage to the docking area down the road and that will be out from my client pocket.  The simple solution to solve that problem is to get a dock ramp.  But for my future reference, I would bring that up to my client attention during negotiation.  

Once again, thanks for all the supports and sure we can partner up!!!

Dec 14, 2016 10:32 PM
Ambassador
2,699,407
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

 Annie Adjchavanich covered all the bases!

Dec 14, 2016 06:04 PM
Rainmaker
1,745,827
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

Are you acting as an inspector or just making sure that what was specified for in the contract is still there?

Dec 14, 2016 03:46 PM
Rainmaker
4,273,325
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

 I would write down all of my clients questions and then go get the answers from someone who knows ....

Dec 14, 2016 02:27 PM
Ambassador
3,762,439
Patricia Kennedy
RLAH@properties - Washington, DC
Home in the Capital

Do what Annie says!  I've never done a commercial lease and learned a lot from her answer.

Dec 14, 2016 02:25 PM
Rainmaker
4,434,227
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

If you do not have experience doing it please ask your broker.

Dec 14, 2016 01:48 PM
Rainer
2,865
Peggy Feuerbacher
Beaufort Realty Consultants - Beaufort, SC
Licensed Real Estate Agent serving Beafort SC

Millennials are not patient.  So I will be sure to explain the home buying process first, then walk them through the steps.  I will also communite with them by texting and emails, their preferred methods of communicating.

Dec 14, 2016 12:42 PM
Rainmaker
1,530,294
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Annie Adjchavanich has an awesome answer!  I'd also check what Ron and Alexandra Seigel have to say.

Dec 14, 2016 10:58 AM
Rainmaker
5,140,072
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Annie Adjchavanich nailed this one for you.

 

Dec 14, 2016 10:31 AM
Rainmaker
4,800,282
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I would pay attention to your client.  As to the physical condition of the property, it's your client's opinion that counts.  He can hire an inspector to walk through with him if he wants more info.

Dec 14, 2016 09:40 AM
Ambassador
3,407,315
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

I am not a commerical agent however Annie Adjchavanich has provided you with an comprehensive punch list.  

Dec 14, 2016 08:48 AM
Rainmaker
5,773,924
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Jennie,

What Annie Adjchavanich said. 

Dec 14, 2016 07:07 AM
Rainmaker
1,004,318
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

Have you never done a commercial lease? You may want to think about co-brokering with an agent who has done them before you get yourself and your client in trouble

I'm just saying

Dec 14, 2016 06:57 AM
Rainmaker
2,234,761
Debbie Laity
CinaJones Real Estate - Cedaredge, CO
Your Real Estate Resource for Delta County

Is this your final walkthru before closing? If so make sure the place is in the same condition as when you last looked at it and has the items included in the sale. You will also want to make sure any repairs that may have been requested were completed to the buyer's satisfaction. 

Dec 14, 2016 06:47 AM
Rainmaker
1,466,257
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Jennie Leung Annie Adjchavanich has a good breakdown of due diligence items. I would add, have you completed a thorough review of the lease and had your client's attorney also review it for meeting your client's objectives. For the walk-through, I would check the mechanical, plumbing, electrical systems, etc.

Dec 14, 2016 06:22 AM
Rainmaker
1,090,765
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Do you mean you're doing a walk-through? Or you're actually beginning research?
Annie gave you a decent list.
I would add to that, consider what your client's requirements are--not just now but projections. In other words, is the building going to work now and will it still work in 3-5 years or however long the lease is going to be?
Moving a business is expensive. With commercial leases, you want to make sure you stick the landing.

Dec 14, 2016 05:48 AM
Rainmaker
3,416,322
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

If you have not worked the commercial side, i would bring someone with me who has. It is a completely different product and starting with a ist of what the landlord is responsible for and what the tenant is responsible for. From HVAC, to lighting, walls, floor, ceiling, electric, loading dock, paving and such

Dec 14, 2016 05:22 AM
Rainmaker
5,422,130
Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

Partner with Annie or someone else in your area that specializes in commercial real estate.

Dec 14, 2016 05:16 AM
Rainmaker
1,618,024
Harry F. D'Elia III
WEDO Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

Who is paying for what when it comes to repairs?

Dec 14, 2016 05:09 AM
Rainmaker
1,866,008
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

No commercial experience here.

Dec 14, 2016 05:01 AM
Rainmaker
5,584,078
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

it looks like Annie Adjchavanich gave you some good guidance with that...

Dec 14, 2016 04:36 AM
Rainmaker
8,081,197
Roy Kelley
Retired - Gaithersburg, MD

Make sure you understand the needs of your client.

Dec 14, 2016 04:10 AM