“Exclusively Representing Tenants and Buyers of Commercial Real Estate”

22

Aug2018
Define: Load Factor
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by Lynn Drake / / Commercial Real Estate
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 ... Read More
August 22, 2018Lynn Drake

14

Aug2018
Mantra:  I attract the best people into my life!
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by Lynn Drake / / Inspiration
August 14, 2018Lynn Drake

09

Aug2018
CRE Math Series:  janitorial
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by Lynn Drake / / Defining Real Estate Costs
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

06

Aug2018
Subscribe to CC Newsletter
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by Lynn Drake / / Finding Commercial Real Estate
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 ... Read More
August 6, 2018Lynn Drake

03

Aug2018
Success Story Motor City Dance Factory
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by Lynn Drake / / Success Stories
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 ... Read More
August 3, 2018Lynn Drake

26

Jun2018
CRE Mistakes Series: Furniture to Build Out
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by Lynn Drake / / Negotiating Commercial Real Estate, office furniture
Sometimes tenants ask the landlord to build in the furniture. I was working with a client who wanted a built-in reception desk, walls, and then desks behind the walls. I suspected he thought this was going to be free, as it was part of the build out. The client was ... Read More
June 26, 2018Lynn Drake

18

Jun2018
How to Hire a Commercial Realtor
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by Lynn Drake / / agents, Brokers, CRE, realtors
How do you hire a commercial real estate agent? Thank you for your requesting your copy of "How to Hire a Commercial Real Estate Agent." Click on the link to access the article. If we can help you in any way, feel free to contact us by email at real.estate.services@compass-commercial.com or by phone at ... Read More
June 18, 2018Lynn Drake
CRE Math

15

Jun2018
CRE Math Series: Calculating Taxes on an n/n/n lease
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by Lynn Drake / / Industrial Real Estate
Tenants Share of Taxes: If you have a net/net/net lease, then your firm is responsible for the rent plus a share of the operating expenses, taxes, and insurance. Tax Expense:  $1.85/sq ft Lease Area:  10,000 sq ft Calculation 10,000 sq ft x 1.85 = 18,500/year 18,500/year/12 months = $1,541.67/month  
June 15, 2018Lynn Drake

12

Jun2018
Success Story State Of Michigan
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by Lynn Drake / / Success Stories
The Challenge: The State of Michigan needed a new location for their Secretary of State office in St. Clair Shores, because the location under lease did not have enough parking for their vistors  The State had outsourced their real estate acquisitions to 5 commercial real estate companies operating in Oakland County, ... Read More
June 12, 2018Lynn Drake

06

Jun2018
CRE Definition Series: Space Calculator
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by Lynn Drake / / Finding Office Space
Wondering how much office space your business really needs?We can help! Follow the link below to our website, which will provide you with the tools you needed to determine the right size space for your new or existing office. https://www.compass-commercial.com/space-calculator/          
June 6, 2018Lynn Drake