Anyone here in commercial real estate or a commercial landlord?

[Rain Man]

Originally Posted by FAX

Wait just a ding dang dangly dong minute here. Is my math correct?

If Mr. Rain Man is occupying 6 percent of the building and he's being charged $2100 per month, that's a total of $35,000 dollars per month for common area maintenance fees for a 100,000 sf building? Is my math wrong?

That's a hell of a lot of money for what? Grass seed? Window cleaner? Potted plants? Hallway floor wax?

What am I missing here?

FAX

Here's the other thing that I didn't know until today. They call it CAM (Common Area Maintenance), but it's really the whole building's costs. We're not paying a pro-rated share of common area utilities and maintenance and stuff, it's the whole building's costs. The lease says "operating costs" and says it's for the whole building, but the letters we get each year refer to it as CAM.

I think my Realtor misread it as being CAM, and it's not.

[FAX]

Originally Posted by Rain Man

Here's the other thing that I didn't know until today. They call it CAM (Common Area Maintenance), but it's really the whole building's costs. We're not paying a pro-rated share of common area utilities and maintenance and stuff, it's the whole building's costs. The lease says "operating costs" and says it's for the whole building, but the letters we get each year refer to it as CAM.

I think my Realtor misread it as being CAM, and it's not.

Ah ... well, that changes things somewhat. Still, it would be nice to know the comparables in your area.

FAX