Test the rent and price in a sale-leaseback before your client signs the lease

For Real estate counsel · also Corporate real estate teams

What is the fair market rent for [size] SF of [use] space at [address]? The leaseback rent on offer is [proposed rent]. Then underwrite this: [address] at [offer price] on that market rent — what is the return and is the entry price right?

You give

The address; the size and the use; the proposed rent offered in the leaseback; the offer price

You get

Fair market rent, $/SF/year and per month, with the leases behind it, in the assistant

Then

Underwriting — ask for it in the same conversation once step 1 is done