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Updated over 8 years ago, 09/01/2016

User Stats

72
Posts
24
Votes
Derek Caffe
  • Real Estate Broker
  • Austell, GA
24
Votes |
72
Posts

Purchasing First Commercial Property - Due Diligence Inspections?

Derek Caffe
  • Real Estate Broker
  • Austell, GA
Posted

I'm getting ready to purchase my first commercial property with seller financing. It's a commercial garage around 7K sq. ft. which was built in the late 1960's and will be used as a location for my car wash business. It also has a separate retail location attached to it, that we're looking to lease out. 

As we go through due diligence what types of inspections should I look to have done? I currently have two duplexes in my portfolio so I'm aware of the inspections in that situation, but not sure what additional inspections I should have done. Or are there other things I should look out for? 

Thanks in advance for useful feedback.

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