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14
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4
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Adam Macy
  • Fort Collins, CO
4
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14
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Commercial building purchase - do you get an inspection?

Adam Macy
  • Fort Collins, CO
Posted Feb 20 2018, 14:57

I am purchasing a unique property that is a mixed-use commercial and multifamily. This is my first deal in the commercial/mixed-use space.  I come from the residential investment where I always get inspections on the properties I buy. I was going to do the same for this property and I was surprised by the pricing. It is a 10-unit multifamily and a 8000 sq ft commercial building. I got the quote back for:

Property Condition Assessment:  $4800

Commercial Building Inspection: $2300

Phase 1 - Environmental Site Assessment: $2000

Capital Replacement Study: $750

For all you seasoned commercial/mixed-use investors what would you pay for as far as inspections, assessments, etc? Are some an absolute and others you just pass on?

Thank you!

Adam

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