Industrial Offer Terms?

[Mark Biggins]

Hello BP community! I'm a broker and have a few 1-4 unit residential properties. I'm looking to sell one and 1031 into a small, multi-tenant leased industrial building in Northern California. I can write an offer on CAR commercial forms but have no experience with industrial. Can anyone advise on typical terms? Looking for total escrow length, EMD, financing & inspection contingency timelines. Any tips on due diligence would also be helpful. I'm assuming building inspection, tenant estoppels, NHD report, title report...anything else?? Thanks in advance for any advice!!

[James Cerenzie]

@Robert Bowser any indication as to the lender's hesitancy? Are they simply non-responsive or did they respond with some specific concerns or 'issues' with funding the deal? There could be many reasons...perhaps they are questioning your lack of experience in RE, something from your personal financial situation, OR maybe they're just a bad/lazy lender. I would certainly get a 2nd opinion if you haven't done so already, ESPECIALLY if the current lending contact is just not being responsive. I'd be happy to give my two cents about the deal if you want to tell me more about it (purchase price, currently occupied or no, # of sq ft, need any Capex, etc.).