Due Diligence for Acquiring an Existing Building

Many customers are buying and/or leasing existing buildings and completely remodeling the structures for new purposes. One example would be if one bought a machine shop and converted the space to an office area.

There are several things to think about before signing on the dotted line:

  • Does the existing owner have a supply contract that can be assumed? Is this a favorable or unfavorable rate?
  • Do your architect and engineer know the rules regarding application for rebates for energy efficiency products?
  • Is there enough power to the building for the business to be able to operate?
  • Does the building have its own transformer?
  • How do the utility rates of one building and location compare to others you may be pursuing?

By understanding the costs and incentive opportunities, you can select the right space for your business to grow and prosper. For additional information or to have a CEA advisor help you navigate the due diligence process, contact us at 330-721-8000 or at info@ceateam.com.