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SITE SELECTION CHECKLIST

Please fill out the form below and we’ll e-mail your property search directly to your inbox.

Name:
Company:
Phone:
Email:
 

Please fill out as much of this form as possible to help us find the right solution for your business.

Total Square Footage Desired:

Purpose

What are the reasons for the move/relocation? Consider:
Can you accomplish your goals by expanding and/or renovating your present facility?
Can the layout of your existing facility be made more efficient?

Location Considerations
Employees Suppliers Customers Competitors

What is Important?

Highway visibility, signage Sports stadiums, golf courses
Day care centers, banks, retails shops Hospitals/health care access
On-site cafeteria, nearby restaurants Walking trails, fitness centers
Nearby colleges, universities Police, fire, emergency services

Estimate Space Requirements for Current and Future Needs

Number of employees, shifts Amount of common space required
Ceiling height needed Loading docks/drive-in doors
Number of offices, cubicles Preferred number of floors
Column span required Outside storage space needed

How Will the Space Be Used?
Office zoning
Industrial zoning
Freestanding building or multi-tenant facility
Existing building or new “build-to-suit”
Established office/industrial park or new campus environment
Type of construction preferred

Transportation and Utility Requirements

Transportation Utilities

Highway access Electric
Commuting time Gas
Parking facilities Water
Public transit Sewer
Airport access Telecommunications
Freight rail Connectivity
Port access  

Tax and Insurance Considerations

Taxes Insurance

Real estate tax Wage tax
Property insurance Vehicular insurance
Business tax Tax incentives
Liability insurance Worker’s Compensation insurance

What are the Pros and Cons of Buying or Leasing?

If buying

Potential Advantages

Tax-deductible mortgage interest No rent increases
Tax-deductible annual depreciation Property value appreciation
Equity build up Extra income from leasing surplus space

Potential Disadvantages
More up front capital needed to secure financing
Additional cost for capital improvements
Impact of time spent on property-related matters
Declining property value

If Leasing

Potential Advantages
Tax-deductible rent, business expense
Less debt, won’t need to borrow as much
Sublet or move at the end of the term

Potential Disadvantages
Rental increases
No equity build up
May be forced to move at the end of the term

Estimate Project Cost

Real estate Professional fees
Machinery and equipment Impact of relocation on production and sales
Capital improvements Cost of off-site improvements/impact fees
Moving costs  

Financing Sources
Corporate equity Venture capital Bank financing Public financing

 
   
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