In the CRE Vault with Mike and Marc
NAI FMA Realty presents "In the CRE Vault", a must-listen podcast for anyone interested in commercial real estate. Our co-hosts, industry veterans Mike Ball and Marc Hausmann, will take you on a deep dive into the latest topics and trends shaping the industry.
Each episode, Mike and Marc will share their expertise and perspectives alongside a first-class line up of economic, city, and industry professionals, to provide valuable insights and actionable advice for anyone looking to navigate the complex world of commercial real estate.
With a focus on real-world examples and practical advice, "In the CRE Vault" is the ultimate resource for anyone looking to make informed decisions about commercial real estate. So, whether you're a seasoned investor, a business owner looking for space or simply curious about the industry, be sure to tune in and discover the insights you can use.
In the CRE Vault with Mike and Marc
The Pros and Cons of NNN, Gross, & Modified Gross Leases (S1:E17)
In this week's episode, Mike and Marc explain the differences between NNN, Gross, and Modified Gross leases. They give a detailed breakdown of what the additional monthly expenses that tenants and landlords should expect for each lease type. This episode should leave listeners with a basic understanding of how and why leases vary and how that can impact a monthly budget.
Episode Notes
Introduction (0:00)
What is a NNN lease and what is CAM (1:39)
What is included in a Gross lease (4:54)
How do Modified Gross leases differ (7:01)
What should you expect to pay for NNNs for industrial, retail, or office (7:44)
When and how are expenses reconciled (10:30)
How can you change a NNN lease to a Gross lease (11:16)
Pros and cons of NNN and Gross leases (12:36)
What is a Base Year (16:25)
How can an agent help you to understand your lease expenses (17:55)
