The Best in Commercial
Tuesday, May 24, 2011
Monday, May 23, 2011
New website for Thurston County...
Local news, local information...Offer your own content!
www.thurstontalk.com
Check it out!
www.thurstontalk.com
Check it out!
Friday, May 20, 2011
What does NNN (Net Net Net) or Triple net mean in a lease?
Triple net means:
That in addition to the lease price per square foot rate, the tenant pays ALL operating expenses on the property. These include: Property Taxes, Hazard Insurance, maintenance and utilities. This fee is usually presented in an additional annual cost per square foot.
Example:
1,500 sf office space
Rate: $18.00 annually=(1,500 x $18.00= $27,000 annual lease divided by 12 months= $2,250.00 monthly)
NNN $5.00 annually=(1,500 x $5.00= $7,500 annual triple net fees divided by 12 months=$$625.00)
So the true monthly cost of the 1,500 space is $2,875.00 or $23.00 per square foot.
Make sense? It sure does if you own the building!
Confused...Make sure you hire a Commercial Real Estate Agent to represent you in the lease transaction!
That in addition to the lease price per square foot rate, the tenant pays ALL operating expenses on the property. These include: Property Taxes, Hazard Insurance, maintenance and utilities. This fee is usually presented in an additional annual cost per square foot.
Example:
1,500 sf office space
Rate: $18.00 annually=(1,500 x $18.00= $27,000 annual lease divided by 12 months= $2,250.00 monthly)
NNN $5.00 annually=(1,500 x $5.00= $7,500 annual triple net fees divided by 12 months=$$625.00)
So the true monthly cost of the 1,500 space is $2,875.00 or $23.00 per square foot.
Make sense? It sure does if you own the building!
Confused...Make sure you hire a Commercial Real Estate Agent to represent you in the lease transaction!
Tuesday, May 17, 2011
Friday, May 13, 2011
Outstanding Value...Spa Depot Building
The Spa Depot is moving to a new larger location....Who cares you say? You do. Or someone you know.
Their "old" space is for sale. It recently had a price decrease from $985,000.00 to $750,000.00. Yes, that's right. a price decrease of $235,000.00!!!
This property features 1.44 acres with 2 Warehouses (6,824 total square feet) and a 2 story 2,000 square foot office...
Finally, the entire property is like a park! It is currently offered by Coldwell Banker
It's easy to show, give me a call I'll arrange a showing!
Terry Wilson
360.789.5060
Their "old" space is for sale. It recently had a price decrease from $985,000.00 to $750,000.00. Yes, that's right. a price decrease of $235,000.00!!!
This property features 1.44 acres with 2 Warehouses (6,824 total square feet) and a 2 story 2,000 square foot office...
Finally, the entire property is like a park! It is currently offered by Coldwell Banker
It's easy to show, give me a call I'll arrange a showing!
Terry Wilson
360.789.5060
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