A guide to commercial lease types

Commercial leasing seems to have a language all of its own. If you don’t deal with them every day, you might have a few questions about the types of leases available and why. We have come up with some of the most used terms and their definitions for you here.

Gross Lease: A gross lease means just that, the amount to the landlord is gross and includes everything you might otherwise need to pay. Some of those items include taxes, building insurance (not covering your property or personal liability) and maintenance.  This type of lease can also include utilities and if it does not, is often referred to as a modified gross or modified net lease.

Full Service Lease: A full service lease is much like a gross lease and almost always includes utilities and often times janitorial services as well.

NNN or Triple Net Lease: This lease type passes on most operating costs, insurance taxes and maintenance costs to the tenant. In a triple net lease, tenants would share the cost of things like furnaces, air conditioners and roof repairs. Because of this, budgeting for a NNN lease can be more difficult to plan especially for older buildings. Often times, stops can be written into the lease that prevent costs from NNN expenses going over a certain percentage of a base amount per year. Or you may be able to have your real estate professional negotiate for a modified gross lease and remove the NNN altogether.

As with all real estate transactions, its best to find a qualified commercial real estate professional to represent your interests in the negotiations and to have an attorney review all documents before you sign anything.

Commercial Lease

Know what the terms mean in commercial leases

Fully Leased – South Lansing Tech Park Offices 1,440 Sq Ft For Lease

SAMSUNG CAMERA PICTURESWelcome to 1407 Rensen. This space is ideal for the company that would like class A quality for a class B budget. There are six offices, private restroom, private entrance and ample parking. This is gross lease and it does not include internet and phone in the rental rate, however the owners can provide you the internet at a competitive rate. This space has a conference room that is included as common space for use and just simply needs to be scheduled with the front office, or for additional rent could be exclusive to the suite as well. The location is good, its in a tech park off of Jolly Rd between Pennsylvania and Aurelius. The Landlords are motivated so don’t delay!!

 

2 Suites Available:

Suite “A” is on the upper floor  and is a gross lease at $14 psf. it has 1440 sf.

 

Suite “B” is in the basement and is a gross lease at $800 a month for 1000 sf.

For more information and your personal tour of the property, call Justin Miller today at RE/MAX Commercial Group

517-321-2800 Ext 136

I-96 Business Corridor Office Campus For Lease

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I-96 Business Corridor Office Campus For Lease

 

With access to all of the Lansing area in just minutes, the Holiday office Park in Lansing is an ideal location for your business to call home. Located just of I-96, the office campus has a dedicated signalize entrance to make getting to your new home easy and frustration free. The area features many types of restaurants from local to national chains and even has convenient access to shopping. Dedicated property management support and maintenance is on the property for your convenience and janitorial services are included to keep everything nice and tidy.

 

On top of all the conveniences of Holiday Office Park, we are offering lease rates at the most competitive rates in the Lansing area. Whether you need thousands of feet or hundreds, we have a solution for your business.4

 

Call today for more information and hear how we can address your businesses specific needs while being affordable.

Matt Wisniewski, RE/MAX Commercial Group

517-321-2800 Ext 118

 

LEASED! Office Warehouse in Holt 2,000 Sq Ft

picture123Sharp Office Warehouse in Holt

2000 Sq Ft with 5 offices, conference room and warehouse space with overhead door. Just a half block of Cedar Street in Holt. Easy access to US 127 from Holt Rd. Property was just landscaped and has a new parking lot. Tenant pays gas and electric. Landlord provide water, sewer, lawn and snow.

Offered at $7.00 PSF Modified Gross ($1166 monthly)

For more information contact:

Matthew Wisniewski, CCIM

RE/MAX Commercial Group

6607 W St Joseph Hwy

Lansing, Mi 48917

517-321-2800

www.rcgmichigan.com

Raised Floor Data Space 3,500 Sq Ft

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Free Standing Raised Floor Data Center Space

This raised floor data center features 3,500 Sq Ft, cooling systems in place and is plumbed for fire suppression. Site is prepped for generator installation.
Fully fenced around the property.

Offered at 10.00 PSF, $2617 per month

For you personal tour, call Matthew Wisniewski, CCIM at 517-321-2800 ext 118

RE/MAX Commercial Group

6607 W St Joseph Hwy

Lansing MI 48917

517-321-2800

www.rcgmichigan.com

2,500 Sq Ft Freestanding Office

 

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Free Standing Office with Fenced and Gated Parking

This 2500 Sq Ft free standing building features a flexible floor plan that could be utilized as is or built to suite.
The building has 30 parking spots within its fully fenced and gated lot which could be ideal for parking of company vehicles or storage.

Offered at $8.00 PSF

For you personal tour, call Matthew Wisniewski, CCIM at 517-321-2800 ext 118

RE/MAX Commercial Group

6607 W St Joseph Hwy

Lansing MI 48917

517-321-2800

www.rcgmichigan.com

Leased! Lansing Township 4,000 Sq Ft Office Warehouse

picture2124,000 Sq Ft in Lansing Township – Warehouse / Office

Warehouse / Office property in Lansing Township. Multiple Tenants with large parking lot.
Easy single price lease rate includes all CAM charges and on site maintenance.

Just North of I-496 off St Joseph on Business Centre Dr.

Offered at 6.00 PSF, $1,000 per month

For you personal tour, call Matthew Wisniewski, CCIM at 517-321-2800 ext 118

RE/MAX Commercial Group

6607 W St Joseph Hwy

Lansing MI 48917

517-321-2800

www.rcgmichigan.com

South Lansing Professional Office Space For Lease

DSC_0055The NEW Louisa Professional Center

This 16,400 Sq Ft office building is located just off Pennsylvania Ave and includes a large parking lot with 50+ spaces.
Recently renovated, the building features ceramic tile common areas and fresh paint in all spaces in the building. If you are looking for office space for lease, this is a great opportunity in a fresh building.

 

Suites range from 639 Sq Ft up to 8,200 Sq Ft.

Executives suites fro m$180 a month

Ready to find out more? Call Today!

RE/MAX Commercial Group 517-321-2800 Ext 118 Matthew Wisniewski
1st Floor Suites

2nd Floor Suites

Southside Office Showroom Warehouse Space 2,600 Sq Ft Quiet Yet Convenient

1415 Rensen St Lansing Commercial Space for elase

Also available as a lease to own option

Southside Lansing office warehouse showroom in quiet setting but still close and convenient. 2,600 Sq Ft total. Lease includes everything but gas and electric. View all of the details including the HD video tour of the property Here.

South Lansing Medical Office Suite For Lease

The medical center at 3370 is a medical office building in the popular Jolly and Pine tree Rd area in South Lansing. One of the most visible medical offices in the area, the 3370 building is easy for patients to find and has plenty of convenient free parking. With access from both Jolly Rd and legacy Parkway, the building has great access to traffic lights on Dunkle Rd.

Currently 100% leased, the building has on upcoming vacancy from a successful practice growing beyond the current available space. As part of a larger area of medical providers, your practice can enjoy the synergy of the medical providers in the area which could provide a solid referral base.

Offered at $14.00 PSF NNN

To schedule your personal tour call today 517-321-2800 Ext 118 Matthew Wisniewski, RE/MAX Commercial Group

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