Justify a build-to-suit land purchase to the capital committee
For Corporate real estate teams · also Developers, Real estate counsel
CompsDDFeasibility
Find comps for [address] (land): comparable sales nearby with adjustments and the resulting range. The seller is asking [asking price]. Then run due diligence on [address]: title, permits, liens and encumbrances — what is wrong with it? Then feasibility for [address] using those comps and that diligence: what can I build here, does it pencil, what is this land worth, for a [size] SF [use] we would occupy?
- You give
- The address; the asking price; the use and building size
- You get
- Comparable sales with adjustments and the resulting range, in the assistant
- Then
- DD, then Feasibility — ask for it in the same conversation once step 1 is done
Investment committeeUse this workflow