acurtis75 Posted July 12, 2012 Share Posted July 12, 2012 We're in the middle of negotiating a lease on a new office/retail space. How would you interpret this quote from the building owner Base monthly rent for 1,600 squares feet shall be: Year 1: .$.85/sf - $3,400 + NNN I get the per square foot cost and understand the NNN refers to triple net which is a separate cost listed later in the lease but can't figure out what the heck they mean by -$3,400...any ideas? They are gone for the day and this is driving me nuts:glare: Quote Link to comment Share on other sites More sharing options...
acurtis75 Posted July 12, 2012 Author Share Posted July 12, 2012 Anyone? Quote Link to comment Share on other sites More sharing options...
acurtis75 Posted July 13, 2012 Author Share Posted July 13, 2012 Okay, if 40+ people on here look at this and don't understand what it means then I guess it's not just confusing to me. Quote Link to comment Share on other sites More sharing options...
OLG Posted July 13, 2012 Share Posted July 13, 2012 I have no idea what it means. I cannot even tell if it menas that you subtract (-) the $3400. Since it is twice the 1600 feet maybe that has some significance? A mystery. Sorry. Quote Link to comment Share on other sites More sharing options...
acurtis75 Posted July 13, 2012 Author Share Posted July 13, 2012 The more I look at it the less it makes sense:confused: I thought about the twice 1600 but couldn't figure out what it meant and even if I could it wouldn't explain the next two lines: Year 2-3: $.95/sf - $3,800 + NNN Year 4-5: $1.05/sf - $4,200 + NNN There should be rules against faxing something confusing to a potential client and immediately leaving for the day so you're not available to answer questions. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.