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.