[EMS Discuss] 1121 Fairfield at the Gilbert shopping center

Rick Osgood EMAIL HIDDEN
Wed Sep 11 13:59:26 PDT 2013


I personally feel the same way.  Triple Net: The Killer of Deals.


On Wed, Sep 11, 2013 at 12:48 PM, <EMAIL HIDDEN> wrote:

>
> Triple net sounds like an automatic deal killer to me.
>
> > 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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> >>>>> EMAIL HIDDEN
> >>>>> http://eugenemakerspace.com/**mailman/listinfo/com.**
> >>>>> eugenemakerspace.discuss<
> http://eugenemakerspace.com/mailman/listinfo/com.eugenemakerspace.discuss>
> >>>>>
> >>>
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> >>>
> >>
> >>
> >>
> >>
> >>
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> >
> >
> > --
> > Bob Miller                              K<bob>
> >                                         EMAIL HIDDEN
> >
> >
>
>
>
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