CoreNav·Meridian Capital
ACQUIREDiligence & decisionMANAGEOperating intelligenceEXITSale narrative
Project Helios·141 Demo Street Industrial·Meridian Capital·Diligence ends 2026-05-21
9 days leftVDR 84%6 critical
ACQUIRE · Requests & Q&A8 open · 3 high priority · 2 overdue

Seller Q&A and data requests

Each request is anchored to a finding or a missing document. Generated from CoreNav, edited by humans, sent to seller.

Prio
Request
Linked
Status
Impact
Due
high
Provide third-party replacement bids for RTU-3, RTU-5, RTU-7
Engineering report flags three rooftop units as end-of-life. Seller's deferred-replacement position is not supported by an independent bid.
Draft
CapEx reserve: $2.8M–$4.1M
2026-05-16
high
Provide 24 months of utility bills and BAS schedule change logs
Seller projects 12% utility savings but only 3 months of post-upgrade bills are present. BAS change logs are missing.
Sent
NOI: -$95K/yr
2026-05-15
high
Confirm renewal status and provide estoppel for Tenant #07 (4,200 SF)
Anchor tenant is on a month-to-month holdover; renewal status and estoppel are missing.
Draft
Revenue: -$180K (Y2)
2026-05-17
medium
Provide full insurance loss runs 2020–2026
Two water-damage claims appear in work order notes but not in disclosed loss runs.
Sent
NOI: -$55K/yr
2026-05-19
medium
Refresh Phase I ESA with adjacent parcel change-of-use disclosure
Existing Phase I is older than 12 months; adjacent parcel disclosure may affect RECs.
Draft
Closing condition
2026-05-20
medium
Provide 3-year real estate tax bills and 2026 reassessment support
Reassessment risk is unquantified; comparable sales suggest 8–14% increase.
Sent
NOI: -$70K/yr
2026-05-19
low
Provide 3 payroll register reports + market comp study for on-site staffing
Headcount implies below-market staffing for asset class and tenant mix.
Draft
NOI: -$115K/yr
2026-05-22
low
Provide HVAC service contract terms and 90-day termination right
Auto-renewal at above-market rate; 90-day termination right is typical but not confirmed.
Sent
NOI: -$30K/yr
2026-05-19