August 12, 2021 (Glendale, AZ) – LevRose Commercial Real Estate is pleased to announce the sale of a Metro Phoenix shopping center “Triumph Glendale Northwest” for $6,600,000.00 in August 2021. This 16,706 sf retail center was originally purchased in 2018 by Triumph Real Estate Investment Fund I (Triumph), a Canadian investment fund based in Calgary, …
A full-service lease is a lease that has one, all-inclusive rental rate which includes both the base lease rate and the operating expenses combined into one figure.
A modified gross lease is a lease where the tenant pays base rent at the lease’s inception, but it takes on a proportional share of some of the other costs associated with the property as well, such as property taxes, utilities, insurance, and maintenance.
A triple net lease is a lease agreement on a property whereby the tenant or lessee promises to pay all the expenses of the property, including real estate taxes, building insurance, and maintenance. These expenses are in addition to the cost of rent and utilities.
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