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Still Doin Time
Join Date: Nov 2004
Location: Nokesville, Va.
Posts: 8,225
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I forgot to mention that there is no real estate assc. with this business. He has recently renewed the lease for another 5 years. I pressured him to get an appraisal to verify what the current market adjustment should be before he signed the new lease.
Commercial rents are way down in our area - lots of vacant space. We are close to but not in a high traffic area. We HAD leverage I believe over the landland (private owner) becuase the facilty is really purpose built for this industry only. Would take quite an investment to convert to retail.
He failed to capitalize on the situation and signed the same deal again...........................@ss hat
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'15 Dodge - 'Dango R/T Hauls groceries and Kinda Hauls *ss
'07 Jeep SRT-8 - Hauls groceries and Hauls *ss Sold
'85 Guards Red Targa - Almost finished after 17 years
'95 Road King w/117ci - No time to ride, see above
'77 Sportster Pro-Street Drag Bike w/93ci - Sold
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