Acquisition Submittal Process
Acquisition Submittal Process
Submit to:
| Phillip R. Matchett Senior Vice President Investments Group |
(949) 545-0569 (direct) (949) 276-0569 (fax) E-mail: pmatchett@birtcheranderson.com |
Information needed for preliminary evaluation:
1. Price
2. Site plan
3. Map
- 4. Rent roll (current and proforma)
- • Tenant name and area
- • Lease commencement and termination dates
- • Expense stop detail
- • Major retail tenant sales information
- • Vacant space detail
- • Options
- • Escalations
- • Commissions due (if any)
- 5. Operating expenses (past three years)
- • Are there base year provisions?
- • CAM
- • Taxes (at project purchase price)
- • Insurance
- • Other
- • Any Government supported incentives (interstate trade, tax rebates or credits)
- 6. Loan detail
- • Name of lender
- • Due Date
- • Original and current balance
- • Interest rate
- • Amount of loan payment (interest only or amortized?)
- • Original amortization term
- • Lock-in and pre-payment provisions
- • Terms and cost of loan assumption
7. Argus or similar valuation review