Industrial Warehouse Sales Transaction Due Diligence

[Kris P.]

Hi Everyone, 

I just have a quick question - we are planning on purchasing a warehouse for our company in Los Angeles. When making an offer on the property I have advised the broker to require the seller for the following reports : 1. NHD, Environmental Report Phase One , Pest Report, Termite Clearance ,CLUE Report, Surveying. The broker came back and advised that since its a sellers market we should only ask for the NHD report and the seller had done the environmental report few years back he wont want to pay for it again. We should pay for all the other reports if we want them but he has never seen someone in his past experience conduct a surveying for a warehouse - (The warehouse is connected to many other warehouse building around the area and does not have a clear boundary line - but the seller is providing for the plans)

Does anyone have any past experience or recommendation on what type of reports are needed (must) and advice for anything else?

Thanks!