How to run a final walkthrough that actually protects you

Final walkthrough is your last opportunity to confirm the facility is what you contracted to buy before the deed changes hands. Don't skip it. Don't schedule it the morning of closing when you're under time pressure. Schedule the final walkthrough 2 to 3 days before closing. That gives you time to raise issues, negotiate credits, or require repairs before you're at the closing table with wired funds. Measure the drive aisles again. Surface conditions can change. A gravel lot that was in good condition during due diligence may have deteriorated. A gate that was operational may develop— may have developed a problem. Confirm everything. Test every amenity. Press the button on the air compressor. Run the rent station. Operate the gate. Check the security cameras. Check that they're recording. Operational means working, not present. Compare the current rent roll to the one from your due diligence period. Are all the same tenants there? Were any new tenants added without your approval? Did any long-term tenants leave during the closing period?