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Commercial Real Estate Investing

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Bharath Raj
  • Investor
  • Houston, TX
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74
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Energy efficiency improvements for office space

Bharath Raj
  • Investor
  • Houston, TX
Posted Mar 22 2019, 23:41

I am under contract to buy a ~4700 sq ft office space in a great location near Houston. The building' exterior is mostly glass (single storey). The inspection report noted the 15 ton HVAC unit to be in very poor condition. The other 5 ton HVAC is in fair/poor condition. I am wanting to improve the energy efficiency of the building. The electricity bill in the T12 has averaged ~$700/month. The tenant has a full service gross lease. So, it' in my best interest to cut the cost of utilities where I can. I read several articles regarding achieving these, but was wondering what you guys would advise as the priorities. Is it expensive to hire a company to do energy audits in a space as small as mine?

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