Space Measurement Checklist for CRE Due Diligence: Buying, Selling or Refinancing a Building
It’s critical to understand the value of rentable square footage (RSF) when selling, buying, or refinancing a property.
- For sellers: You need to know how to study rentable areas to see if you can increase the square footage to maximize the sale price.
- For buyers: You need to validate the square footage the seller is listing to avoid overpaying. And you need to find new ways to maximize revenue once you take over the asset.
- For refinancers: You need to know the property’s exact square footage to maximize RSF and get an accurate picture of NOI and, in turn, the value of the building.
If you’re buying, selling, or refinancing a commercial property, be sure to use this checklist as you do your due diligence to ensure you have the most up-to-date RSF data.
Download the free checklist!