Lease space for lab

[Whiskeyjack]

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Hi Fellas,
Was hoping I could get some input from the biz savvy though I know and understand your reticence on those matters. I bought a piece of property a while ago in a building that just got built-up. A lab contacted me to lease the property and then another did as well. Don't know why but I'm assuming there must be a reason-close hospital though I don't know of any or maybe there are plans to build one.
Anyway before I let some lawyers charge me for the privilege of letting me know that they know what H2O means, is there any due diligence I can do by myself. How does one calculate a lease for a lab? Do you just base it on the space or on thier projected revenues or some other measure?
Thanks.

 

[LADoc00]

Hi Fellas,
Was hoping I could get some input from the biz savvy though I know and understand your reticence on those matters. I bought a piece of property a while ago in a building that just got built-up. A lab contacted me to lease the property and then another did as well. Don't know why but I'm assuming there must be a reason-close hospital though I don't know of any or maybe there are plans to build one.
Anyway before I let some lawyers charge me for the privilege of letting me know that they know what H2O means, is there any due diligence I can do by myself. How does one calculate a lease for a lab? Do you just base it on the space or on thier projected revenues or some other measure?
Thanks.

Im unclear: you are a non-pathologist looking to lease space in a commercial property building you own to a lab?

Is that right?

You lease it based on $/SF of the going rate, common sense. Why would you rent based on projected revenue?? Is this a shopping mall? Shopping venues are the only commercial properties that uses a sliding scale lease rate based on revenue as far as I know.