Shopping Center/Industrial or Office Building Checklist
- CURRENT RENT ROLL including:
- SF of units
- Lease abstract details such as escalations, commencement and expirations, add-ons, description of tenant, Description of any added rent that the tenant is responsible for (In addition three year historical data would be ideal).
- COMPLETE INCOME / EXPENSE STATEMENT on the property including:
- Annual property taxes
- Insurance
- Water / Sewer
- Fuel and Electricity
- Maintenance / Repairs
- Management
- Leasing commissions
- Tenant improvements
- COMPLETE DETAILED PHYSICAL DESCRIPTION along with the SITE PLAN or Property Survey.
- IF REFINANCE, PRICE THAT WAS ORIGINALLY PAID FOR THE PROPERTY, date of said purchase and summary of current financing.
- IF ACQUISITION, PROVIDE COPY OF FULLY EXECUTED CONTRACT OF SALE.
- PHOTOS (at least 5)
- SUMMARY OF CURRENT FINANCING (refinance only) including:
- Current Lender
- Current principle balance
- Current interest rate
- Current monthly payment
- Maturity date
- Prepayment penalty information
- INFORMATION ON MANAGEMENT COMPANY, if separate from ownership.
- CURRENT BUSINESS FINANCIAL STATEMENTS.
- CURRENT PERSONAL FINANCIAL STATEMENTS.
- LAST TWO YEARS PERSONAL TAX RETURNS.
- LAST TWO YEARS BUSINESS TAX RETURNS.
