In the past 3 months I have had over 9 investors or lenders call wanting quotes on commercial properties that were multiple buildings (3 - 6) in the 60-110 yr old range, that ranged from 2-story to 6-story. None of the potential buyers had much info other than location, age and size. 4 of them did not know if the roofs were flat or sloped, if they had package hvac’s, boilers, chillers, cooling towers, if there was internal roof access. BUT they wanted firm QUOTES!
Main examination is roofing, main hvac, main electrical service, main plmbg, foundation, building structure, overview of interiors and any significant safety concerns.
I think we’re going in low as it is $0.12 to $0.15psf depending on how complex it looks BUT we’ve been loosing a lot to really low-ballers … most of whom we later find out are not even commercial inspectors but regular home inspectors.
When we talk to the investors or lenders we’re just about 40%-50% higher that whoever we’re bidding against
Last week was typical … 3 Office Bldgs between 52 and 71 yrs old.
Below is our bids. We lost all.
a) $3,932 (28,089sf / 3 story with cooling tower)
b) $10,435 (95,000sf / 6-story with rooftop units, pkg units and cooling tower)
c) $5,170 (42,000sf / 2-story with pkg roof-tops)