Depends on the scenarios. I am assuming it is listed with a commercial broker. How many months have they been trying to fill it? What is availabel surrounding this area and what are they going for?
If a tilt up is at $1.00, is that triple net as well?
Personally, I would start at .87-.97 sqare feet as a starting point (just to see what happens) and go from there.
You should be able to get it at $1.1 to 1.15 IMO.
Daniel
Hey Guys,
Im looking at buildings as I mentioned in an earlier post and one of which is the buildings in anaheim off the 91 at kramer. My question is if they are asking 1.30 triple net for a 10k sq/ft building right off the freeway what should I offer them what would be reasonable. They are brand new buildings and there is a tilt up building down the way on the freeway that is also up for lease and the rate is .70/45000 sq/ft ranging down to 1.00/6000 sq/ft. If anyone can offer me some assistance I would greatly appreciate it.
Thanks John
Unique Performance West, Inc.