Hello Everybody, Happy New Year
Has anybody Negotiated CAMs? If so, is it worth the effort, and what did you ask for
Currently in the process of taking over a laundromat, and he stated he had been charged 18k over the last two years in CAMs . The lot has new ownership and has been updated. It is a NNN lease, but the current owner pays 2.75 an sq ft with CAMs
We are currently down to 1.75 sq ft 4% bump first five years 3% after that the 20-year term
Fine with the NNN lease and responsibility that comes with this but I don’t feel we should paying unnecessary CAMS
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