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Specialty Services: Office Property Checklist

Use the following checklist to help you evaluate office space:

Location and accessibility for:

Clients/customers
Vendors
Employees (including proximity to management's residences).

Costs of occupancy
Are all costs included in rent?

Adequate parking for:
Clients/customers
Vendors
Employees

Appearance: What message will be sent to your customers?
Interior
Exterior

Elevator Efficiency
If a high rise, is the elevator system adequate?

Access to amenities
Food service
Recreation facilities
Related Business Services
Other:

Office space appearance:
Carpet
Wall Coverings
Dividers

Tenant Improvements
Is there an improvement allowance?

Efficiency of the space
Private Offices
Open Offices
Little Wasted Space
Oversized Offices

Tenants in multi-tenant space pay a pro rata share of common area space (i.e., halls, lobby, etc.) and some poorly designed or older buildings have a high percentage of such space (wide halls, obsolete atriums, for example).

If you are buying an office property (owner-occupant or investor) also consider:
Income (from other tenants, if applicable)
Expenses
Mortgages
Condition of Roof (age)
Condition of parking lot (ramp) and age
Tenants (length, type, credit)
Lease terms and conditions.

Once you decide to sell or lease office space, an Alpha Omega Commercial sales associate will assist you every step of the way.

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