Leasing Policies

Competitive pricing allows Center tenants to focus on growing their businesses—without having to worry about escalating overhead costs.

  • All space is leased on a per sq.ft. basis with a minimum monthly lease amount for each type of space. Lease rates on both a per month and per year basis are listed below. Minimum monthly lease amounts are also listed.
  • Industrial space is leased on a triple net basis and warehouse and office space is leased on a gross rate basis.
  • Lease terms are typically one year with the option to renew. Tenant businesses will typically “graduate” from the facility after 5 years.
  • Lease rates increase 5% per year after 3 years and 10% per year after 5 years.


Ext. O.H. door
– Exterior overhead doors (12 x 14) available in some industrial areas.Definitions:
Triple net rate -Tenant pays share of occupancy costs for Utilities, Property Taxes and Maintenance. Most costs divided based on percentage of total leasable space occupied by tenant.

Gross rate
– Lease rate includes all occupancy costs except in unusual circumstances.

Semi finished offices – Includes finished walls, dropped ceiling with florescent lighting, no carpet, A/C optional.

Offices – All finished offices

Temporary warehouse space
– Available on an interim basis when space is available. Includes minimum heat and use of truck docks and material handling equipment.

Anchor tenant
– An established local business that rents space at current public market rates.

For additional information or to inquire about available space, contact tom@doorcountybusiness.com

 

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