375,000 Square Feet   |   Warehouse Distribution

Gayle Triangle is a third-party logistics firm.  For this assignment, the in-coming product came from a foreign country, thereby qualifying Gayle for a tremendous inventory tax savings, which the firm was unaware of prior to engaging us.

Results

• Total Value of Concessions: $16.84 million
• 3 months free rent, value of $271,875.00
  
• Office area refurbishment allowance, value of $20,750.00
  
• Eight inch black vinyl-coated fence with 2 gates, value of $34,000.00
  
• Construction management fee waived, value of $2,738.00
  
• C&W cash contribution, value of $5,000.00
  
• Eliminated 90% of Inventory Tax, based upon a total inventory of $200,000,000.00

• City Tax elimination, annual value of $1,695,400.00
• School Tax elimination, annual value of $3,596,228.00
• County Tax elimination, annual value of $221,495.00
• Total 40-month lease term value of $16.54 million
• Annual right to audit operating expenses
  
• 7% cap on controllable expenses
  
• Limitation on pass-through of capital items
  
• Right to reduce the LOC
  
• Renewal option

Susan B. McClure, CCIM

Susan McClure
Executive Director
214-384-9261
smcclure@mcclureusa.com