Considerations in commercial real estate part 4: net operating income
harkins / April 7, 2014
At Harkins Commercial Real Estate, we’ve got the industry experience and the local market know-how to help you negotiate a lease on the commercial property of your dreams. We all know the right location can mean the difference between your business thriving or plateauing, so today we continue our 8-part series on a favorable lease with part 4: net operating income.
As a buyer, you want to take a hard look at the leases and other revenue sources on an income property, but also related expenses that you can’t control. Are the rates at market or is there room for improvement? Are the leases full-service or triple net? What expenses are controllable? An investment property with a large reception area where utility and common areas costs that are not passed through to the tenants can become very expensive.
At Harkins Commercial Real Estate, our goal is to get you into a property that will suit your business’s need for growth, exposure, and success at the right price with no cost surprises. Call us today for Sanford commercial real estate representation you can trust!
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