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If the prospective tenant wants an elevator installed, what is an appropriate lease term to compensate for the cost?

A prospective tenant wants an elevator in the building. An elevator would cost about $750K to install. The building is worth about $5-6M unoccupied. The last tenant was paying about $450K/year in rent.

If the tenant would agree to a long-term lease, I think that an elevator install makes sense. What would be a reasonable lease term for this kind of an upgrade?

submitted by /u/No_Reveal3451
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1r2s94e/if_the_prospective_tenant_wants_an_elevator/
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