Commercial Space

FACILITY SEARCH CRITERIA  – at no cost to the tenant

• COMMERCIAL LEASE ADVISORS will present to THE CLIENT every conceivable facility or build-to-suit opportunity available within their geographical and physical plant size parameters. We will plan to use the following resources:
• Prospective building presentation accompanied by quoted building rental rates will be presented and negotiable deals will be discussed.
• Preliminary site selections will be discussed prior to the tour. (This will maximize your time and gain company input on building style and location.)
• A tour of the site selections will be conducted by Dorn and Company – Commercial Lease Advisors and CLIENT management when appropriate.
• Appointments are arrangements will be confirmed in advance for efficient and orderly tours.
• Floor plans, data sheets and any additional information pertaining to each location will be provided for each tour.
• Follow-up meetings and/ or conversations will be conducted with CLIENT and appropriate landlords to review in detail the inspection tours of the various buildings under consideration.

Location has always been considered a primary key to any commercial real estate lease. As an important element of the geographical area and location analysis the area surrounding the location is of vital consideration and will be described in length, including:

• Availability of business attraction and retention incentives supporting your decision to remain in your present location or move to a new one.
• Acquisition of additional potential sites for future growth.
• Major tenants in immediate vicinity.
• Restaurants, stores, banks, and hotels.
• Garage and parking facilities in the area.
• Future development of nearby sites that may make the location more or less desirable
• Expected changes and future economical and sociological outlook of area.
• Current housing trends and estimated housing values.

Continuing the focus on the physical building and site tour, the following major facility concerns will be addressed prior to the actual tour.

Building Security:

Building security encompasses the overall system of access control including parking, lobby, elevator, and suites. If a building provides security guards, their hours and duties are important.

Building Amenities:

Building amenities include restaurants, banks, dry cleaners, sundry shop, shoeshine, valet parking, car detailing, and concierge.

Hazardous Materials:

The presence of asbestos and other hazardous materials must be identified and carefully documented. Air sample reports and abatement procedures (relocation during abatement, wet or dry removal) if applicable, may become relevant points to a negotiation and will be disclosed to client.

American Disability Act: “ADA” is a strict building and safety code to which many older buildings do not conform and would be required to upgrade to current codes. These deficiencies, if present, will be identified.

Fire/Life Safety:

Although many new buildings have fire/life safety systems that meet current standards, many older ones do not. The issue of sprinklers and ton is important for a tenant to consider in the negotiations.

Ownership:

Building ownership must be evaluated from both the perspective of reputation and financial strength. Weaknesses in either area can create long-term problems for a tenant. The attitude of an owner will impact the lease experience, the quality of property management, the control of operating expenses, the quality of the overall building tenancy, and the general condition in which the building is kept. Although the building owner may change at any given time, the likelihood of this can also be evaluated.

Property Management:

Property management, like building ownership, impacts many aspects of the building. Although it can also change during the tenancy of a lease, it is still important to evaluate the reputation and efficiency of the present property manager.