All Forum Posts by: Tomas Baxter

Thanks Eric. In your experience is the removal of the VAT system (ductwork included) an invasive process that damages the interior/exterior of the building? In my mind I see trenched asphalt and busted drywall. Can you think of anything I should put in my contract to protect since they are removing this at the end of their 6 month lease (after I have closed on the purchase)?

Are you able to ballpark any equipment budget numbers?

Thank you!

I am negotiating the purchase of building previously occupied by a financial institution (bank). The seller is the bank that is moving. They are moving to a newer larger location. The seller (the bank) will sign a 6 month NNN lease and leave the property unrestricted so a future bank could move in. My plan is to lease it to another bank/financial institution. The seller (the bank) wants to take with them at the end of their lease below. Does anyone have so experience leasing to financial institutions and can give me an idea on what to look out for? I am initially most concerned about vault, atm, and VAT system. It seems that a bank may bring their own atm, video, and tech equipment. It seems unreasonable to me that they would take vault components and VAT system.

1. Video Sysems: interior and exterior cameras (15) and 1 FDIC camera

2. Vault: under counter trays/stations, KABA axcessor lock, CVO

3. All data equipment and technology equipment

4. ATM

5. Safe deposit boxes

6. Night drop

7. VAT system: 2 hamilton air units (including ductwork) 1 diebold drawer