Whenever you do a thing, act as if all the world were watching.
August 27, 2018Lynn Drake
Tenant’s Pro-rata Share of Electric - Building Square Footage: 10,000 s.f. Tenants Rentable Square Footage: 5,000 s.f. Monthly Electric Bill: 1,500 Tenants Share of Electric bill 5,000 / 10,000= .50% Monthly Electric Bill 1,500 x .50 = $750/month Annual Cost for Electric 750 x 12 months = 9,000/year
August 23, 2018Lynn Drake
Net/Net/Net also shown as n/n/n - A lease requiring the tenant to pay, in addition to a fixed rental rate, the expense s for the property leased. These usually include the following: janitorial taxes, insurance and maintenance. Be careful with these types of leases or else the landlord will have the ...
August 22, 2018Lynn Drake
Janitorial Math Space Footage Leased: 5,000 Cost/Square Foot for Janitorial: $1.50 5,000 s.f. x $1.50/s.f. = 7,500/year 7,500 / 12 months = $625/month
August 9, 2018Lynn Drake
Interested in learning more about commercial real estate? Whether you are looking to move soon or just investigating your options, it is im-portant to stay informed. Because we are a tenant-only, representative your interests are our number one priority. If you want to stay informed about commercial real estate, sign up for ...
August 6, 2018Lynn Drake
The Challenge: Motor City Dance Factory was in a 5,000 sq ft, one-story office building in Southfield, Michigan. Their original loca-tion did not have high enough ceilings for the dancers and gymnasts. There was not enough parking, and the business had outgrown the space long ago. What We Did: Compass Commercial worked with ...
August 3, 2018Lynn Drake