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by cylinder
3553 days ago
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Actually, enormous deep-pocketed companies with good credit, like Apple, are treated very favorably by landlords. The credit behind the tenant on a leased property determines the yield. So, a building tenanted by Apple on a 20-year lease can sell for a 2% cap rate while the same building tenanted by Joe's Plumbers Inc on a 10-year lease will sell for 6%+. Apple knows that so they can negotiate cheaper price per SQM. |
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