Moving forward on a deal with an expiring lease?

June 24, 2025
by a searcher in Illinois, USA
Currently exploring a SBA-sized deal for a distribution business whose lease expires at the end of the year. Extending the lease is not an option. The seller plans to keep the business in the same vicinity of the existing operation, and there is nothing unique or proprietary about the facility itself.
Is it possible to move forward on this deal without a new lease in place, and is it worth being under diligence, while the owner is looking for new space? Or is this deal on the sidelines until the new location gets sorted out?
from Indiana University at Bloomington in Carmel, IN, USA
from University of Pennsylvania in Seattle, WA, USA