What is considered a pad ready site?
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What is considered a pad ready site?
Pad Ready Site • Pad Ready = “Ready to Build” • Properly Zoned and Annexed. • Utilities to the Site and of. Adequate Size. • Access is Approved.
What is a PAD lot?
A pad site can sound confusing but is ultimately not too difficult to understand. Simply put, it is a building lot that is very close or next door to an existing commercial building. It is typically adjacent or on the same property to an already standing commercial real estate building.
What is a ground lease in real estate?
A ground lease involves leasing land for a long-term period—typically for 50 to 99 years—to a tenant who constructs a building on the property. The ground lease defines who owns the land, and who owns the building, and improvements on the property.
What does pad mean in construction?
pad. It commonly refers to concrete slabs (reinforced or not) that protect whatever is beneath it. A floor slab would protect the earth, stone, pilings, drains, etc. foundation beneath it by spreading the load over a greater area, etc. A landing pad would be similar.
How much does it cost to build a house pad?
Average Concrete Pad Cost
| Average Cost | $5,400 |
|---|---|
| High Cost | $7,200 |
| Low Cost | $3,600 |
What is retail Outparcel?
What is an outparcel? An outparcel refers to a smaller asset that is carved out from a larger asset. In commercial real estate, the most common asset types benefited by carve-outs are ground leased & net leased outparcels of larger developments and retail condos within mixed-use developments.
What is an outparcel building?
A pad site or outparcel is a freestanding parcel of commercial real estate located in the front of a larger shopping center or strip mall. The former offers a lower up-front cost, but the user is unable to use the land as collateral to finance building expenses because pad sites do not have their own legal address.
Why would you want a ground lease?
Ground leases allow owners of commercial land to monetize their real estate without significant capital requirements. Furthermore, ground leases allow the owner to remain the owner of the property. This can be essential in situations where land is owned by a government entity but can be advantageous in many situations.
What makes a lease financeable?
Lenders are focusing increasingly on “financeable leases”—leases that ensure consistent cash flow and have terms that would protect them from liability in the event that they have to foreclose on the property and step in as the new owner.
What is a pad elevation?
Pad Elevation, Graded means the finished grade elevation of the building pad area for a residential or non-residential structure and does not include areas for parking, landscaping, or other non-building structure uses; Sample 1.
What is building pad elevation?
A building pad elevation certification is a form or exhibit that confirms building pads are graded to a particular elevation prior to the commencement of any building foundation work.
How much does it cost to pour a 20×20 slab?
Concrete Slab Prices By Size
| Slab Size | Square Feet | Average Cost Installed |
|---|---|---|
| 20×20 | 400 | $2,468 |
| 24×24 | 576 | $3,554 |
| 20×30 | 600 | $3,702 |
| 30×30 | 900 | $5,553 |