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Re: Office space

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General question of office space:

I have an opportun ity to lease space in the new medical office building being developed by the local hospital and interested physicians. Although I probably can guess your reactions, I would like your opinions.

Details:

Lease for $18/sqft

Triple Net $6-8/sq/foot

total $26/sq/ft

opportunity to invet with 8-11% return which would lower net rent

effective net rent $18.93/square foot after $100,000 investment

effect of loan not included in computation.

Current rent for 1100 sq/ft aboout $10/sqft.will not be available forever and other renta office space at $25-30/sq/ft without opportunity to invest.

Your thoughts"L. Gordon " wrote:

Hi FolksI'll be in San Francisco from 9/28-10/1 at the American Academy of Family Physicians Scientific Assembly.It would be great to get together with others of our group, maybe on the evening of 9/29?We need a place to eat that's not too difficult to get to and not too loud.How many can come?Gordon

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