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Medical Office Building, Franklin Ave (Hwy 47),
FORMER OUTLET MALL REDEVELOPMENT 1,500 – SQUARE FEET OUT LOTS…
$5.00 RATES $5.OO + NNN
Flat Monthly Rates $400 – $550 JUST BLOCKS FROM O’FALLON…
$400.00 Flat Monthly Rates
Now $199,9001 Was $279,000 IDEAL FOR OFFICE / WAREHOUSE USERS…
$199,000.00 Was $279,000
$15.50 sf Modified Gross Space was previously used as medical…
$15.50 SF Modified Gross
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Is a form of real estate lease agreement where the Tenant (Lessee) is responsible for the following; 1) Real Estate Taxes 2) Building Insurance and 3) Common Area Maintenance (grass cutting, snow removal etc.) It is typically paid as additional rents based on a Pro Rata Share.
When obtaining conventional financing for commercial real estate, it’s common for the down payment to be 20% of the purchase price. However, this can range from 15% to 25% and there are multiple factors that can determine the down payment. There is also a financing option known as a SBA Loan which requires ONLY 10% down. Please contact us to learn more about the financing options available to you.
A Cap Rate is a rate that helps in evaluating a real estate investment. The formula is Cap Rate = Net Operating Income/Sales Price. ROI (Return On Investment) indicates the percentage of invested money that’s recouped (profit) after the deduction of associated costs.
This all depends on the Landlord and the “deal” but typically Landlord’s like to get a minimum of a 3 year lease.
99% of the time it’s standard practice that the Seller or Landlord pays the commission.
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