Hello my fellow Memphis area investors.
I just got a commercial building under contract in in Oakland TN and I'm looking for a good commercial property inspector who can help me inspect the property. It will be about 20K sq ft of commercial retail shops that I will need inspected.
I look forward to your recommendations.
Hi David- Asher Murray with Murray Home Inspections would be able to do that. DM me if you want the contact info.
What you need is called a "Property Condition Report." This would be done by an engineering firm that has this specialty in the greater Memphis area. Some commercial lenders require these reports as a condition of granting a loan. Although in my experience it hasn't been often. I would ask some local commercial lenders. I would also ask some commercial real estate brokers.
Given that it's retail you should gather all HVAC, roof and repair records from the existing owner...including any warranty and service contracts on existing equipment.
Hope this helps!