Sell a commercial property

Explain the current use and occupancy

Describe the building type, who occupies it and whether it is owner-used, leased or vacant. For leased space, identify the lease terms, actual income and who is responsible for operating expenses. If a tenant has renewal or other contractual rights, flag them for the appropriate document review.

Keep proposed uses separate from the present operation. A buyer’s intended change in use may need further investigation and should not be presented as already approved.

Organize the building information

Available plans, permits, maintenance records and inspection reports can help define the scope. Identify deferred work and any known questions about systems, access or environmental conditions. A short factual summary is preferable to guessing at a cost or guaranteeing that no issues exist.

If documents are incomplete, explain the gap. Review by appropriate professionals may be needed before a buyer can determine terms or feasibility.

Consider a direct sale or a marketed transaction

805 is exploring commercial acquisitions as part of its growth. It can discuss a potential purchase without representing itself as the seller’s commercial brokerage. If you prefer a marketed sale, representation should be handled by the appropriate licensed professional under a separate agreement.

Evaluate proposals on the complete terms: price, contingencies, diligence, timing and possession. Financing and intended use can affect whether a transaction proceeds.

Questions worth asking