Rethink

Year built TBD

• for planned properties bc they are holding off for a little 

Building footprint

• (when you are looking birds eye down, how much SF does that occupy compared to the actual site )

• Coverage ratio - what % of land is covered by a building —> SF of building/ SF of parcel

BTS

Build to Suite

Office BTS

SPEC

• Speculative

• Can speculate that someone will come in and lease one of these properties the way it is planned 

• but Could have BTS for office 

warehouse and distribution (property subtype)

A property type focused on storage and distribution, typically consisting of large spaces for storing goods and facilitating shipment. These facilities are essential for logistics and supply chain management.

• Want high clear and mix of grade level doors and dock doors 

flex (property subtype)

• flexible

• could be office or industrial

• space that adapts for multiple uses, including office, manufacturing, and storage.

parcel

• your legal land you own 

• legally defined piece of land assigned a unique number (Parcel ID or APN).

• You can think of it like the "legal address" or "property footprint" as recognized by the county.

land acres

• How much land is on that parcel of land 

•  One building can span multiple parcels and vice versa.
  

Zoning

•  Dictates what can be built (e.g., industrial, commercial, residential). Always verify with county records, not CoStar alone.
  
  

Property owner/true owner

industrial or LLC or owner occupied

Developer (company)

• Developer = company constructing the property

• - company building the product 

parent portfolio

Parent portfolio = umbrella entity grouping properties

Sale portfolio

• want to sell in different parts like REI just want warehouses across the country fast (very very rare though). Different from a regular portfolio. 

cross doc

• doc across from each other → symmetrical → MAIN 

column spacing - TYP

TYP = typical

• Important for logistics bc they have machines and are maneuvering big things in there; might want a discount if the column spaces are not easy to maneuver 

Truck court depth 

• How much you can use in the back for uploading very important 

• n relation to a truck court: It describes the distance from a loading door to the end of the truck court, which is the area next to a building's docks used for truck maneuvering and loading/unloading.

HVAC

climate control

building depth

• Measured from the front to the back of the building.

• Imagine standing at the main entrance or dock doors — depth is how far the building goes away from you.

building width

Measured from side to side, perpendicular to depth.

sale leaseback

• owner want to sell and then lease from the new owner 

• Usually not a good sign for their health 

cap rate

• over 5% how much money you're making every year 

  • In the sales notes 

  • NOI / asset value 

off market opportunity

not for sales but murmurs of it selling. But not marketed can mark this

tenant improvements

Tenant improvements (TIs) refer to the specific alterations or modifications made to a commercial rental space to customize it for the needs of a particular tenant. These improvements are often negotiated as part of the lease agreement and can range from interior renovations to system upgrades

end cap

• Space on the end of the building - touches the ends of the building 

• Important bc some people want their names on the corners as well

full building

• one space with one tenant 

  • Then would put full Building in the suite entry 

In line space 

• In between 2 end caps. In the middle

Yard SF

•  can store things ; fenced and secured area 

  • Matters bc there's a unique yard rate 

Min Contigous SF

• Min Contiguous SF = smallest amount the landlord is willing to lease

max contigous SF

• Max Contiguous SF = largest continuous space available (could include multiple suites combined)

divisibility - min = max

If Min = Max

• Example: Min: 40,000 SF, Max: 40,000 SF

• ✅ This means:

  • Only one space of that exact size is available.

  • The space is not divisible (you can’t lease part of it).

  • It’s also not combinable with neighboring space (nothing next door is available to grow into).

• 🔍 Think of it as: "What you see is what you get."

divisibility - Min ≠ Max

If Min ≠ Max

• Example: Min: 10,000 SF, Max: 40,000 SF

• ✅ This means:

  • The space can be divided — a tenant could lease between 10k and 40k SF.

  • The landlord is flexible depending on tenant needs.

• 💡 Great for marketing to a wider range of potential tenants.

Mezzanine office

how much of total office SF is  

available SF

• Available SF - what is available to be leased 

  • Lesser available SF if you are trying to sublease parts of your warehouse

  • If its DL it does not match red flag

sublease

• Landlord out

• Tenant becomes sub landlord 

  • Tenant now is Looking for sub tenant 

Available acres

• Associated with yard available → different rate

Date listed on market

• when were they willing to start negotiating for a future tenant 

  • Use the time and date website 

  • Put in today and then the amount of time its been on the market 

triple net NNN

• A Triple Net Lease is a lease where the tenant pays:

  • Property taxes

  • Insurance

  • Maintenance (like landscaping, roof, common areas, etc.)

• These three “nets” are in addition to the base rent (also called shell rent)

OP EX

• OpEx refers to the actual costs to operate the building, which the landlord bills back to tenants.

💡 Think of OpEx as the breakdown of what’s in the NNN charge.

listing comments

enter for sublease —>  office SF, door count, and how long the sublease term goes for (original tenants agreement)