Factors in buying a commercial building
By Scott Hamele, DBIA President and founder of Nationwide Commercial Inspections, LLC (NCI) and Construction DesignWorks, LLC
While there are an unlimited number of factors that influence the decision in buying a commercial building, there are really only three main factors that should be considered when making that final choice. Return on Investment (ROI), vision and the condition of the building are what really guide an investor toward the goal of acquiring a new real estate investment. While investors and bankers always figure the ROI is the most important, the income stream is 100% dependent on the choice to order a property condition assessment (PCA).
Many factors come into play when going through due diligence for buying a commercial building, such as location, zoning, history of the building, current tenants and use, parking, and aesthetics of the space. None are more important than these three factors when buying a commercial building: ROI, vision and the condition of the building.
Nationwide Commercial Inspections, LLC provides the most comprehensive commercial building inspection reports in the industry
NCI utilizes their architectural, engineering and construction expertise to create and develop a high-quality PCA. These reports are customized for each type of real estate: office, retail, flex-space, industrial, hospitality and healthcare. If you are interested in protecting your real estate investment, contact us at 913-667-7774 or visit our website at www.nwc-i.com.
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