Sydney Downtown CBD Skyline, Australia, view from Bridge Street.

Site Specification Overview

The Site Specification Sheet below will give you a good overview of the many items needed to review to ensure the chosen space meets your company’s objectives. By utilizing The Schenk Company’s site selection services, we assure the space is the right site for your facility now and for future growth.

  • Location
  • Zoning: current, changeability/Dead Restrictions
  • Physical Evidence: water, electric, storm, sewer, gas
  • Drainage Problems: natural drainage, flood zone
  • Hazardous Waste: evidence, soil tests
  • Natural Barriers: trees, mounds, ponds, high tension lines
  • Ingress and Egress: curb cuts allowed, traffic signals, turn lanes, density or coverage ratio, footprint
  • Price Total: per acre, per front foot
  • Frontage: access to interstate
  • Total Parcel Size/Building Acres
  • Parcel Divisibility
  • Neighbors: business, demographics, rental rates and vacancies, neighborhood associations
  • Highest and best use of site
  • Sold Comparables
  • Complete Construction Drawings
  • Available¬†Comparable’s

The Leasing Process and Timing

  1. Define basic space requirements

    • Size and layout
    • Expansion and option space
    • Price and term 1 day
    • Image and quality
    • Geographical area
    • Intangible and goals
  2. Selection / interview with support team:

    • Space Planner
    • Interior Design (if desired) 1 to 7 days
    • Attorney / CPA
  3. Determine alternatives available:

    • General market knowledge of “deals” available
    • Search of database 7 to 14 days
    • Verification of terms and conditions
    • Review list of alternatives
  4. Narrow down alternatives:

    • Inspection tours of likely alternatives
    • Selection of 3 – 5 best alternatives
    • Space planning of best alternatives 7 to 14 days
    • Review and re-draw of space plans
    • Selection of top 2 – 3 alternatives
    • Request for proposals on top alternatives
  5. Analysis of proposals and alternatives:

    • Financial analysis
    • Layout efficiencies 1 to 7 days
    • Intangibles and goal analysis
  6. Final selection:

    • Choose top alternative
    • Establish terms required
    • Prepare and present counter-offer
    • Approve, re-negotiate, or select other alternative
    • Review lease for business points 7 to 30 days
    • Review lease for legal points
    • Review Workletter
    • Re-negotiate lease terms
    • Sign lease
  7. Tenant improvement build-out:

    • Monitor progress
    • Report progress 30 to 120 days
    • Final walk through check
      Time to Allow
      Before Tenant Improvements 24 to 103 days
      Including Tenant Improvements 54 to 194 days