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Updated almost 3 years ago on . Most recent reply
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Looking into Commercial for the first time
My husband and I are currently looking into some commercial real estate. This would be our first commercial property if it works out. It is an approximate 40k sq ft property, all of of which is retail(café, medical and professional offices, no residential) have reached out to the agent. She is requiring we sign an NDA before viewing any particulars, which I assume is the usual for a large commercial property? I know looking at financials is a given but my question is what other documents should I request in-order to cover all my bases (leases, occupancy history, etc.)? How far back should I go(5-10years)? I appreciate all of the information and look forward to discussion>
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Quote from @Kori Keller:
My husband and I are currently looking into some commercial real estate. This would be our first commercial property if it works out. It is an approximate 40k sq ft property, all of of which is retail(café, medical and professional offices, no residential) have reached out to the agent. She is requiring we sign an NDA before viewing any particulars, which I assume is the usual for a large commercial property? I know looking at financials is a given but my question is what other documents should I request in-order to cover all my bases (leases, occupancy history, etc.)? How far back should I go(5-10years)? I appreciate all of the information and look forward to discussion>
Make sure you ask them to give all assignments, amendments, any lien waivers/subordinations.