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About the Role
Base is seeking a Real Estate Analyst to manage the company's physical footprint, including sourcing, underwriting, and negotiating deals for distribution warehouses, offices, and manufacturing spaces. This role involves hands-on modeling, lease negotiation, and site evaluation to support market expansion and operational needs.
Responsibilities
- Scope new sites with end-user teams, considering footprint, power, dock doors, clear height, battery storage, fire code, parking, and timing requirements.
- Source and execute the launch of distribution warehouses, offices, and manufacturing facilities from site selection to certificate of occupancy.
- Build underwriting models for all deals, including base rent, operating expenses, tenant improvements, escalations, abatements, parking, and yield on cost, with scenario analysis.
- Develop lease versus own, build-to-suit, and yield-on-cost comparisons for larger projects.
- Redline and negotiate LOIs, leases, and amendments with brokers and in-house counsel.
- Evaluate state and local incentives prior to site commitment.
- Identify expansion needs in existing markets by monitoring facility capacity.
- Optimize the real estate network by partnering with deployment teams to assess utilization metrics and downsize or exit underutilized facilities.
- Develop and implement a standardized internal process for real estate sourcing.
- Maintain the portfolio's system of record, including commencement dates, renewal windows, ROFO/ROFR rights, certificates of occupancy, insurance, and landlord contacts.
- Document processes to improve efficiency and facilitate handover for new market launches.
Requirements
- 2–5 years of experience in real estate, corporate development, investment banking, private equity, or an in-house real estate function.
- Proficiency in Excel, including building complex lease economics and defending assumptions.
- Ability to read and interpret leases, identifying key negotiation points.
- Capacity to collaborate with operations teams to define building requirements and challenge non-essential needs.
- Strong project management skills to track multiple stakeholders (brokers, architects, contractors, landlords).
- Proactive approach to process improvement, transforming manual workflows into reliable systems.
- Adaptability to manage diverse tasks, from lease redlines to credit discussions and permitting calls, within the same day.
Skills
- Real Estate Analysis
- Financial Modeling
- Lease Negotiation
- Underwriting
- Project Management
- Process Improvement
- Excel
- Site Selection
- Incentive Evaluation
Location
- Multiple States
Work Type
- Onsite
- In-person
Experience Level
- 2-5 years
About the Company
- Base is America’s next-generation power company focused on rebuilding the electricity grid with a network of distributed batteries.
- The company aims to transform the grid into a resilient and abundant system.
- Base employs engineers, operators, and creatives to solve complex, interdisciplinary challenges.