September 13, 2016
What type of Lease does the Drake Professional Park offer?
We offer a Modified Gross Lease to all of our tenants. This means the lease includes everything with the exception of:
Telephone & Internet – The tenant is always responsible for phone and internet costs, including any wiring the tenant needs to supply the phone and internet.
Annual Real Estate Tax Escalator – This one time a year charge is based on the annual increase in the property taxes. The tenant will be charged for their pro-rata share of the increase in property taxes each year.