Industrial Square Footage Accounting Services
A Grocery Industry Leader requires accurate square footage of their distribution centers in preparation for the sale of the properties.
A Grocery Industry Leader requires accurate square footage of their distribution centers in preparation for the sale of the properties. The accurate square footage is important because the sale price is based on a per square foot basis and the seller wants the highest value for the sale.
The existing architectural drawings need to be field verified for accuracy. Building usage will be documented during field verification. Existing architectural and CAD files are updated to reflect the accurate conditions of the distribution centers. BOMA standard square footage accounting calculations are performed, and final square footage reports are generated.
The Grocery Industry Leader planned to sell 4 of its owned distribution centers, representing approximately 1.1 million square feet, to a single buyer. Upon closing of the sale, the Grocery Industry Leader will enter into lease agreements for each of the facilities for an initial term of 20 years with five five-year renewal options.
SDI services delivered, include but are not limited to the following:
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