Is a Soil Inspection needed for Commercial Real Estate New Construction Development?
Definitely. A report is required for due diligence if you are buying a commercial property to build ground up mixed use apartments, retail, office, industrial.

I sold a Silver Lake, Los Angeles, CA site that could not be developed unless expensive $1,000,000 reinforced concrete column caissons were installed. The area has hillsides, unstable foundations or liquefaction.

Buildings can only be used for owner users or investors.

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TONY KIM - Commercial Property Sales Broker

﻿Los Angeles, CA
Marketing Specialist
Listing Agent Professional

#Soil Inspection #DueDiligence #Buyer #CommercialRealEstate
[{"id": "isu3f7p", "text": "Thanks for the input?", "replies": [{"id": "isu95li", "text": "You're welcome. Let me know if you have commercial real estate questions. Everything has been commercial real estate for me. Real estate finance business major, California licensed certified general commercial and industrial property appraiser. Los Angeles, CA Cre sales listing broker specialist.", "replies": [{"id": "isw4e0u", "text": "Outstanding?", "replies": [{"id": "isyioh4", "text": "After finding out the right fit, financially well qualified buyer was a full or partial owner/investor it made my marketing job much easier as seller's listing broker to not focus on developer purchasers.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "isu4ge4", "text": "So, CRE developers in LA do multi million dollar deals, with zero due diligence, and you sold them the property?", "replies": [{"id": "isu8s8l", "text": "&gt;No. Buyer was a partial owner user occupant to house their architect business.  Mixed use property. I had many competing developer buyers who loved the land but could not justify benefit/cost. Not the Highest and Best use, was not the most profitable return to the underlying land as if improved with buildings.", "replies": [], "depth": 2}], "depth": 1}]