Asked by: Karelia Vareira
real estate real estate renting and leasing

What does $/ SF yr mean?

Last Updated: 25th March, 2021

$13 x 1000 (SF)= $13,000 per year cost. You can break it down further by dividing the year cost by 12 months. $13,000 / 12 months= $1083 / month to lease. Keep in mind that there are other cost involved that may add to this square foot price, such as, utilities, taxes, insurance, and common areas.

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Similarly, what does $18.00 SF yr mean?

Lease rate: $15.00/SF/YR FSG. This means that if you are renting a space that is 1,000 SF then your rent per month will be: $1250/mo.

Beside above, what does $1.00 SF Mo mean? It is very important that you understand that $2.00 per square foot per month can mean a number of things. In general it is the base rent per square foot, however, what is included or excluded in that rent number is very important information.

In respect to this, what does SF Mo mean?

modified gross lease

What is $25 NNN?

The Triple Net (NNN) Lease For example, where a gross lease would be quoted as $25 per sf/yr, the triple net lease would be represented as a base rate of $15 per sf/yr plus operating expenses of $10 per sf/yr.

Related Question Answers

Sigurd Argarate


How do you calculate a triple net lease?

To determine the triple net lease amount for each renter, add those monthly expenses and the monthly rental per square foot charges and multiply it by the number of square feet a renter is leasing. That is the monthly triple net lease amount.

Osane Blankenhorn


What is included in a triple net lease?

A triple net lease (triple-Net or NNN) is a lease agreement on a property where the tenant or lessee agrees to pay all real estate taxes, building insurance, and maintenance (the three "nets") on the property in addition to any normal fees that are expected under the agreement (rent, utilities, etc.).

Amiee Lezeta


Is NNN monthly or yearly?

The estimated operating expenses (aka NNN) are $10 per square foot per year. The total yearly rent you would pay equals $40 sf per year. So if you are leasing 3,000 sf then your yearly rent would be $120,000 or $10,000 per month.

Ionelia Brigido


What does 15 SF NNN mean?

NNN stands for net, net, net. These pass through expenses of leasing are portions tenants or lessees pay in addition to the lease fee, or rent to the landlord or lessor. The NNN fees are property taxes, property insurance and common area maintenance. For example, the lease rate may be quoted as $15 NNN.

Laima Schonborn


How do you figure out price per square foot per month?

Multiply the amount by the rentable square footage to determine your monthly cost. Divide that amount by your usable square footage to calculate your actual price per usable square foot. For example, if the rentable square footage is 1,130 and the price is $1 per square foot, your monthly lease amount is $1,130.

Aitz Siebart


How do you calculate price per sq foot?

Average Price Per Square Foot
You can arrive at the "average" per-square-foot cost of a home by adding the square foot cost of each home that's sold in a given area then dividing that by the number of homes that sold. For example, three homes sold on Broadway for $200,000 each.

Sada Inchaurreta


How do you calculate square footage for a camshaft?

Your percentage of the expense is calculated by dividing your square footage by the gross leasable area of the building. This total expense is calculated into your monthly operating expense, so that it can be paid in small increments throughout the year.

Shelby Didrikil


What is the difference between modified gross and triple net?

Under the terms of a triple net lease, a tenant must pay rent and all operating costs related to the property. Under the terms of a gross modified lease, a commercial tenant pays some, but not all, of the operating costs.

Darleen Kothenbeutel


How much does it cost to lease a store in a strip mall?

The typical regional shopping mall charges between $50 to $100 per square foot for rent, while a smaller shopping center or strip mall might charge and average of $25 per square foot, says Williams.

Catuxa Toval


What does a full service lease mean?

A full service lease is a lease in which the lessor promises to maintain and insure the equipment leased. A full service lease for real estate typically makes the landlord responsible for paying all of the property's operating expenses including maintenance, taxes and insurance.

Ventsislav Medina


How are leases calculated?

Identify the number of the monthly payments on the lease.
Then subtract the residual value from the net capitalized cost. Divide the resulting number by the number of payments. The result is the depreciation portion of the lease payment. For example, you lease a new car for three years.

Atilana Bico


What is a base year lease?

The term "base year" refers to the payment of property expenses under a lease. It portrays a situation where the landlord takes on most of those expenses without tenant reimbursement. A base year lease is sort of the middle ground between those two lease types.

Armide Ayats


How is rentable area calculated?

To calculate rentable square footage for a smaller (less than full-floor) tenant, first multiply the usable square footage by the floor common factor, then multiply that result by the building common factor.

Berenice Bernsee


What is Triple NNN?

The triple net (NNN) in a commercial real estate lease stands for Net, Net, Net which are the taxes, property insurance, and common area maintenance charges that Tenants or Lessees pay for in addition to their base rent.

Domina Abrahimoff


What is the average cost per square foot for commercial real estate?

The median cost for this commercial building type is usually around $100 per square foot.

Lorenzo Tudorache


What is NNN per square foot?

NNN stands for net, net, net. It means that the tenant pays most of the expenses. They pay the rent fees plus property taxes, property insurance, and CAM, or common area maintenance. The NNN fees are added onto the base rental fee, which is usually calculated as a dollar-per-square-foot number like $15.

Seppo Sasa


What is double net?

A double net lease is a lease agreement in which the tenant is responsible for both property taxes and premiums for insuring the building. Unlike a single net lease, which only requires the tenant to pay property taxes, a double net lease passes more expenses along in the form of insurance payments.

Albertina Jeffr


How do you calculate price per square foot for rent?

Cost Per Square Foot
To calculate the usable cost-per-square-foot, you need to divide the total rent for the office or shop space you will be occupying by the total usable square footage. For example, if you're renting a 500 square foot space for $1,500 a month, you will be paying $3 per-square-foot.