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Quinto 50770 1,615 SF of Retail Space Available
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Highlights
- Storeroom.
- Water.
- Light.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
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Rental Rate
| Space | Size | Term | Rental Rate | |||
| - | 1,615 SF | Negotiable | $4.76 /SF/YR INCL $0.40 /SF/MO INCL $7,690 /YR INCL $640.85 /MO INCL |
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- Taxes and charges included in the rent
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 1,615 SF | Property Type | Retail |
| Total Space Available | 1,615 SF |
| Property Type | Retail |
About the Property
Open space commercial property of approximately 150 m², featuring high ceilings, electricity and water supply, and a driveway. The sale price does not include expenses and taxes associated with the acquisition, which will be borne by the buyer. Taxes on residential properties: - First transfer (new construction): VAT 10% (general rate). VAT 4% (reduced rate) applicable to Officially Protected Housing under special regime or public promotion. Documented Legal Acts (AJD): 1.4% (general rate). AJD 0.1% (super-reduced rate) applicable if intended as a primary residence. - Second transfer (second-hand, resale): Property Transfer Tax (ITP) general rate 9%, with reduced rates applicable depending on circumstances (8%, 6%, 4%, or 3%). The tax is calculated based on the cadastral reference value or the sale price, whichever is higher. Taxes on commercial properties, warehouses, and offices: - First transfer (new construction) when the seller is a developer or builder: VAT 21% and AJD 1.4%. - Second transfer (used/second-hand): ITP 9% up to €1,000,000 taxable base and 11% on the excess over €1,000,000. - Second transfer between businesses with waiver of VAT exemption: VAT 21% and AJD 1.4%. Common expenses: - Notary: fees according to the official tariff. - Property Registry: applicable official tariff. - Management (administrative services): approximate fees of €423.50 (VAT included). - Agency fees: included in the sale price and borne by the seller. - Buyer's agency fees: may apply if buyer contracts purchase assignment services (Real Estate Personal Shopper), not tied to the purchase price.
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"Quinto 50770"
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