Good Morning! It’s Word of the Week Wednesday! Today we will look at Triple Net Lease (NNN).
This is a legal agreement where the tenant is responsible for base rent and operating expenses.
The “triple” refers to three standard expense items: Common Area Maintenance (CAM),
real estate taxes, and property insurance. #TripleNetLease #commercialrealestate #wordoftheweek
#CAM #cre #legalagreement #tenant #realestate #Tax #Property
Commercial Partners Realty wishes everyone a happy Thanksgiving and Native American Heritage Month. Our offices will be closed November 25th-26th. Happy Holidays!
New development is happening everywhere in Pasco County, from Hudson in the West to Zephyrhills in the East! Commercial Partners Realty’s Jim Engelmann, aka “Mr. Pasco”, is a huge driver of this growth and recently assisted his clients in closing on two land deals in Hudson and Zephyrhills this last month. In Hudson, Jim represented…
It’s Word of the Week Wednesday again! Let’s introduce the phrase common area maintenance, or CAM. CAM refers to additional expenses paid by tenants meant to cover costs of daily operations of the property. The percentage of this fee is calculated by dividing tenant’s square footage by total square footage of the building.
Commercial Partners Realty wishes everyone a Happy Veterans Day! We would like to extend our gratitude to our veterans and others who have served, past and present.
Good morning and happy New Year! It’s Word of the Week Wednesday, and it’s the last Wednesday of 2021! Let’s take a look at build-to-suit. Build-to-suit refers to a commercial space or building that is constructed to the client’s specifications and needs. The user of that space or building will have input on concept, design,…
Commercial Partners Realty is excited to announce that our Airport Industrial specialist Marko Radosavljevic has recently completed a lease transaction for his client, the Tampa Bay Times. The lease was for 16,185 SF of warehouse space in the Thompson Center II industrial park located at 5411 & 5505 Johns Rd Tampa. This location is ideal…
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