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Over three decades of commercial real estate leasing experience in warehouse and office markets, we’ve encountered numerous lease arrangements and responsibilities. This article aims to provide a comprehensive overview of the most common lease types…
Having seen more than a few contaminated properties, I can tell you first hand…you don’t want to be involved in owning one. The environmental study will look for any documented releases on your property or in the vicinity of contamination, letters of closure from your state agencies, UST’s (underground storage tanks), etc.
Historical aerial photos will show previous uses of the property which may be suspicious. Materials used in the property may prove expensive to re mediate, such as asbestos in floor tiles, insulation and walls.
A buyer should always hire an attorney for the docs and survey review and relative professionals to do specific inspections.
These are some of the most basic items of due diligence. A fully exhaustive list and relative explanation would take many pages. This is one of many reasons why you need to utilize an experienced commercial real estate broker when purchasing or leasing office or industrial property.
Looking for Warehouse, Office or other space in Houston or elsewhere? Needing to renew your lease?
Contact the WarehouseFinder.NET Broker Affiliate Network below.
Centermark Commercial Real Estate specializes in Industrial and Office in the Greater Houston area. CCRE is the exclusive affiliate broker for WarehouseFinder.NET in Houston, TX.
Navigating the process of commercial lease renewal can be complex and challenging. Still, tenants can secure favorable terms for their office or industrial space with the right approach and knowledge…
SO YOU WANT TO BUILD YOUR OWN WAREHOUSE OR OFFICE BUILDING?Are you thinking - “Existing property prices are too high! I will build my own warehouse and save a bundle.” If I had a dime for every time we heard this from a client. Unfortunately for them…
Overview Committing to a lease for 3, 5, 7, or 10 years is a monumental consideration for a business. Remember what you are committing to - rent and expenses for the overall lease period. Whether moving into the first property for your business or moving from one location to another…
The following are a few of about 40 checklist items we typically cover in our due diligence when assisting clients:
Looking for Warehouse, Office or other space in Houston of elsewhere?
Centermark Commercial Real Estate specializes in Industrial and Office in the Greater Houston area. CCRE is the exclusive affiliate broker for WarehouseFinder.NET in Houston, TX.
Distribution, manufacturing, service, fabrication, storage and many other uses occupy millions of warehouses around the world. Goods go in, goods go out, machinery goes in, machinery goes out - and on and on - through docks. Understanding the types of access to these warehouses is imperative when evaluating business needs and alternative facilities available. In this article we will explore several widely used loading types.
So you found your perfect office and/or warehouse. It is the right square footage, has adequate ceiling heights and yard area and is in a good location. You just went under contract at the Title Company. Now what?
Now the real important work begins. There will almost always be several buildings that fit your requirement, however finding the one with few to no issues is a different story. Many brokers feel their work is done once the property is under contract. This is far from the truth. A good commercial broker shines once the contract clock starts ticking.
Free items first
While there are numerous due diligence items which have to be handled, I always put the questions on the top of the checklist which won’t cost my client anything to get answered. That way if my Buyer can’t live with these he won’t waste money on phase one environmental studies, appraisals and further attorney fees.
Physical inspection of the property is more than just looking at the obvious components of the warehouse and or office as the roof, structure, paving, electrical and mechanical systems. The ones that can be missed are indications of standing water near the building which may be caused from poor drainage. Does the roof drain to one side or does it collect in the middle of the building in a gutter, which may be problematic. If you have an office building, do you have enough parking, adequate and efficient HVAC? Does the building meet ADA codes? If an office warehouse, is the truck court adequate, is there enough power, is the rail siding up to the rail provider’s specs? The structural, MEP and environmental studies should be handled by licensed professionals…however they often miss issues. A second set of eyes is important.
Documents contained in the Seller deliveries and the title commitment are the first to get tackled. While attorney consultation is a must with contract and commitment review, a quality broker can make valuable suggestions that an attorney may miss and then can evaluate. The title commitment should provide copies of any recorded deed restrictions on the property which may be problematic. At this stage local zoning should also be confirmed for the same reason. Encumbrances evidenced in the commitment may also be revealed such as an easement which may prohibit the Buyers intended use. Again a good real estate attorney is important at this point.
Looking for Warehouse or Office space in Houston?
Centermark Commercial Real Estate specializes in Industrial and Office in the Greater Houston area. CCRE is the exclusive affiliate broker for WarehouseFinder.NET in Houston, TX.
By providing basic contact information and space requirements, we will narrow down your search to the right For Lease or For Sale properties. We will personally contact you with you matched property profile in 24 hours.
Looking for Warehouse or Office space in Houston?
Centermark Commercial Real Estate specializes in Industrial and Office in the Greater Houston area. CCRE is the exclusive affiliate broker for WarehouseFinder.NET in Houston, TX.
In this article, we will delve into important aspects of commercial warehouse leasing, buying, and building. We aim to provide valuable insights and resources to help you make informed decisions when it comes to your commercial property needs. We have also included essential links and improved title texts to guide you further on this journey.
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Want more information about something on this page? Need industrial, office or warehouse space? Use our Free Property Search form to provide your information to let our Broker Affiliate Network know about your needs including help assessing an existing lease. You may also call us at (800) 814 - 4214 to begin the discussion.
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