[EMS Discuss] 1121 Fairfield at the Gilbert shopping center

Bob Miller EMAIL HIDDEN
Wed Sep 11 00:44:16 PDT 2013


http://en.wikipedia.org/wiki/NNN_Lease

On Tue, Sep 10, 2013 at 1:28 PM,  <EMAIL HIDDEN> wrote:
>
> I was just about to ask what "triple net" means.  I would definitely like to know more about what the limits are on
> that.  I mean, if during out tenancy a water line ruptures over the weekend....  What then?  Sounds like we might need
> to have our own insurance, too.
>
>> Yes probably, but they estimate the total NNN cost to be only an
>> additional 4c / sqft. If all we have to do is climb up on the roof and
>> spread black jack around once in a while it might not be that bad. ;-)
>>
>>      Clif
>>
>> Rick Osgood wrote:
>>> That space sounds pretty awesome, and the price and size are fantastic.  I
>>> do worry about any spaces marked "triple net" though.  Doesn't that
>>> generally mean that we are responsible for the space as if we own it, only
>>> we don't actually own it?  Like it's our responsibility to make repairs,
>>> keep the place maintained, etc.  We can't really call the owner for any
>>> problems.
>>>
>>>
>>> On Tue, Sep 10, 2013 at 11:55 AM, Mr. Clif<EMAIL HIDDEN>  wrote:
>>>
>>>> Hi Gang,
>>>>
>>>> Just popped out this morning to check the outside of this space some
>>>> pictures are here:
>>>>
>>>> http://www.eugeneweb.com/**gallery2/v/clif/Geeky/EMS/**1121_Fairfield/<http://www.eugeneweb.com/gallery2/v/clif/Geeky/EMS/1121_Fairfield/>
>>>>
>>>> Bullet points:
>>>>
>>>> # $1250 / 5000ft² 25c / sqft Mostly office space at the Gilbert shopping
>>>> center (1121 Fairfield)
>>>> # 20 foot ceilings, 10 foot roll up door 2 entries with electronic door
>>>> locks! Tons of parking, triple net.
>>>> # Only 12 minuets from downtown, and close to Jerry's. More office space
>>>> than we could possibly sublet out.
>>>> # Next door to Lane Educational School District (ESD) offices, might be a
>>>> way to get on their radar and some support?
>>>>
>>>> This is now the CHEAPEST place in Eugene on our list. I think a part of
>>>> this space could be used as a shop especially if the carpet is old and
>>>> ratty. ;-)
>>>>
>>>>      Comments?
>>>>      Clif
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-- 
Bob Miller                              K<bob>
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