58,611
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!!
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Fred Griffin Florida R...
Tallahassee, FL
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Eve Alexander
Tampa, FL
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Carol Williams
Wenatchee, WA
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Ron and Alexandra Seigel
Carpinteria, CA
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Michael Jacobs
Pasadena, CA
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Roy Kelley
Gaithersburg, MD
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Nina Hollander, Broker
Charlotte, NC
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Tony and Suzanne Marri...
Scottsdale, AZ
1,157,841
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.
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Eve Alexander
Tampa, FL
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Carol Williams
Wenatchee, WA
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Candice A. Donofrio
Fort Mohave, AZ
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Susan Haughton
Alexandria, VA
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Roy Kelley
Gaithersburg, MD
150,466
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!
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Roy Kelley
Gaithersburg, MD
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Nina Hollander, Broker
Charlotte, NC
3,073,909
Annie Adjchavanich nailed this one!
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Roy Kelley
Gaithersburg, MD
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Nina Hollander, Broker
Charlotte, NC
634,582
Annie Adjchavanich covered all my basics.
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Roy Kelley
Gaithersburg, MD
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Nina Hollander, Broker
Charlotte, NC
5,139,253
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
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Roy Kelley
Gaithersburg, MD
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Nina Hollander, Broker
Charlotte, NC
5,249,486
As I'm not a commercial broker, I can't help you with this. Sorry.
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Roy Kelley
Gaithersburg, MD
834,953
1,957,322
I would also try to negotiate tenant improvements and rent concessions.
5,962,023
1,730
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!!!
2,699,407
1,745,827
Are you acting as an inspector or just making sure that what was specified for in the contract is still there?
4,273,325
I would write down all of my clients questions and then go get the answers from someone who knows ....
3,762,439
Do what Annie says! I've never done a commercial lease and learned a lot from her answer.
4,434,227
2,865
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.
1,530,294
Annie Adjchavanich has an awesome answer! I'd also check what Ron and Alexandra Seigel have to say.
5,140,072
4,800,282
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.
3,407,315
I am not a commerical agent however Annie Adjchavanich has provided you with an comprehensive punch list.
5,773,924
1,004,318
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
2,234,761
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.
1,466,257
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.
1,090,765
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.
3,416,322
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
5,422,130
Partner with Annie or someone else in your area that specializes in commercial real estate.
1,618,024
1,866,008
5,584,078
it looks like Annie Adjchavanich gave you some good guidance with that...
8,081,197