Special Purpose Properties
Foresite has decades of experience in managing and selling special purpose properties. Special Purpose properties have limited use or one type of use. These properties have unique designs or layouts, uses special construction materials, or other features that limit the property's utility for purposes other than the one for which it was built.
Because of these unique needs Foresite can help with the many questions that are associated with these types of assets. We can evaluate based on the components that go into a particular type of asset this can be critical to understanding and establish the value. Whether you are leasing, selling or buying Foresite can help guide you through the process.
Examples of special purpose commercial real estate include self-storage, car washes, recreational facilities, parking garages, gas stations, hotels, bowling alleys, marinas, theaters, funeral homes, community centers, nursing homes, and churches to name a few.
Foresite can help gather important information on the property:
- Characteristics of the site and facilities
- Physical Evaluation of the property
- Past or Current Operations at the Property
- Past or Current Financial Evaluation