The way you and your consultant address red flags...
It’s no secret that due diligence is seen by some in the commercial real estate industry as a necessary evil – you can’t do without it, but the process has potential to uncover unpleasant surprises at a property. For example, the Phase I Environmental Site Assessment might identify a potential environmental concern, or worse documented contamination at a site you believed to be clean, or a property condition assessment may uncover the need for a major capital expense that was previously unidentified.
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