
Description
Rent reflected in listing above is based on 7,889 approx. sf x $1.55/sf = $12,227.95/month, accepting the property "as is". Formally Tenant Improved for JM Furniture. Units #1, 2, 3 and 4 can be demised, with separate restrooms built for each unit. Units 1-4 are presently heated and cooled together. Units #1, 2, 3 and 4 need to have heating and cooling units for each unit, if demised. Owner will provide this improvement. Negotiable. The units are "as is" and can be leased for $1.55/sf without any tenant improvements. The Owner/Landlord will provide tenant improvements, at their cost upfront. These costs will be paid back, with interest in the monthly lease payment. Minimum Lease would be for five years, or less depending upon the amount of monthly payments. Or tenant improvements can be partially paid by tenant and financed by Owner, all negotiable. For example, if there are $100,000.00 in tenant improvements paid for by the Owner/Landlord, this amount would be divided by 60 payments, plus interest, and added back to the base rent of $1.55/sf. Minimum 5 year lease with 3% approximate yearly acceleration of payments. All terms are negotiable.
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0BEDS
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0.48ACRES
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0BATHS
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01/2 BATHS
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7,889SQFT
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$2$/SQFT
School Ratings & Info
Description
Rent reflected in listing above is based on 7,889 approx. sf x $1.55/sf = $12,227.95/month, accepting the property "as is". Formally Tenant Improved for JM Furniture. Units #1, 2, 3 and 4 can be demised, with separate restrooms built for each unit. Units 1-4 are presently heated and cooled together. Units #1, 2, 3 and 4 need to have heating and cooling units for each unit, if demised. Owner will provide this improvement. Negotiable. The units are "as is" and can be leased for $1.55/sf without any tenant improvements. The Owner/Landlord will provide tenant improvements, at their cost upfront. These costs will be paid back, with interest in the monthly lease payment. Minimum Lease would be for five years, or less depending upon the amount of monthly payments. Or tenant improvements can be partially paid by tenant and financed by Owner, all negotiable. For example, if there are $100,000.00 in tenant improvements paid for by the Owner/Landlord, this amount would be divided by 60 payments, plus interest, and added back to the base rent of $1.55/sf. Minimum 5 year lease with 3% approximate yearly acceleration of payments. All terms are negotiable.
