Leased Property Investment
Place the building on the market while still occupied to be leased “as is”.
A Fortune 100 company made an offer to lease but they required very significant and sophisticated tenant improvements which my client did not wish to pay for.
Negotiate a 6 year lease with 2 x 3 year options to extend the lease.
Negotiate all tenant improvements to be paid for by the Fortune 100 company.
Coordinate client move-out with Fortune 100 company’s need to gain access for tenant improvements.
The lease was successfully negotiated and signed.
The Fortune 100 company agreed to pay for all it’s tenant improvements and agreed to remove the majority of them upon move out.
The property is leased on an absolute net, net, net basis. All property expenses are paid by the tenant.