Site Selection / Purchase
Purchasing land to build an office, industrial or special-use building requires knowledge and expertise distinct from that required for purchasing existing buildings.
Our Proces: Following in-depth discussion about our client's needs and goals, we work to identify and evaluate various site options. Our process includes researching numerous issues including land costs, planning and zoning issues, property tax rates, highway access, potential government incentives, work force demographics and other specific criteria. Pre-planning with an architectural site-planner to quantify the prospective site size based on a client's target building size may also be warranted.
Once a potential site has been identified, Guidance Corporate Realty Advisors aggressively negotiates the most favorable purchase price and terms. We work to put the property under a detailed purchase contract, structured to allow adequate time to thoroughly research and identify all contingency issues, which typically include:
--- Examination of all property title issues,
--- Production of an updated ALTA survey and addressing any related issues,
--- Detailed review of planning and zoning issues (an approval from relevant
government agencies for constructing a new building could be a contingency
--- Review of environmental issues including Phase I or Phase II Environmental Site Assessments,
--- Coordination of any required engineering studies including soils or drainage reports,
--- Coordination of any required surveys for wetlands or endangered species
--- Quantifying property tax and utility costs (water, sewer, electricity, gas),
--- Quantifying costs for delivery of new utility services,
--- Quantifying costs for installation of necessary transportation infrastructure (roads, rail), and
--- Securing adequate project financing.
Referrals to Qualified Consultants: Guidance can provide access to all of the consultants routinely needed for these projects including surveyors, engineers, planning consultants, environmental consultants, real estate attorneys, etc.
Our brokers have a solid track record of working closely and effectively through the entire due diligence process with our clients’ attorneys, and other land planning consultants and engineers, to coordinate all of the above phases involved with land purchases.
If desired, we can provide references to highly skilled real estate attorneys with whom we have worked in the past. The advantage is that the close teamwork we've developed can translate into significant savings for our clients on legal fees.