What financial documents should I review before purchasing an income-producing property?

For income-producing commercial property, buyers commonly review rent rolls, leases, operating statements, expense history, property tax information, insurance costs, maintenance records, and utility expenses.

These documents help buyers better understand how the property performs financially and whether the income and expenses support the asking price. A CPA, attorney, lender, or other qualified professional may also assist with reviewing financial details.

If you’re evaluating an income-producing property, I’d be happy to help you understand which documents are commonly requested during due diligence.