Commercial Real Estate Question?
September 30, 2009
Author: admin (72 Articles)
When commercial real estate rates say for example :
"10.00 per sq ft. – 1,000 sf" does that mean $10,000 a month!!??
Good grief! Is this an average / normal price per sf. in Pasco, Florida?
In commercial real estate the lease terms are expressed in annual terms. $10.00 per sq. ft for a 1,000 sq.ft. property would be $10,000 per year, usually rent is paid monthly so the monthly payment would be $833.33. Althought some tenant/landlord agreements are for annual payment. There may be discounts available if you paid annually.
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It most likely means an annual per sq. ft. That means it should be 83 cents per month or $830 which seems much more reasonable. Beware of additional common area maintenance costs.
References :
In commercial real estate the lease terms are expressed in annual terms. $10.00 per sq. ft for a 1,000 sq.ft. property would be $10,000 per year, usually rent is paid monthly so the monthly payment would be $833.33. Althought some tenant/landlord agreements are for annual payment. There may be discounts available if you paid annually.
References :
18 years professional experience.
lol… yeah, when it comes to leasing rates it’s a measure of the annual lease rate /sq. foot.
Don’t really know what the going rate /ft is in Pasco, but that would equate to about a $833/month rent for the space.
References :
Me, I’m a lender now, but have sold my share of commercial.
Also, here’s my 1031 exchange real estate website that I’m testing:
http://www.nnnstore.com soon to be http://www.1031store.com
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I couldn’t resist commenting.
Hey mate, greetings from Hawii !
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Hey mate, greetz from Hawii !
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