tag:blogger.com,1999:blog-59980146928404687912011-11-26T10:24:51.519-08:00Tadhttp://www.blogger.com/profile/06300762137550847285noreply@blogger.comBlogger31100tag:blogger.com,1999:blog-5998014692840468791.post-39535319190899819562011-11-26T10:24:00.000-08:002011-11-26T10:24:51.534-08:00<a href="http://www.ccim.com/cire-magazine/articles/triple-net-triple-threat#.TtEu3w4nCpQ.blogger">Triple-Net Triple Threat | CCIM Institute</a><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5998014692840468791-3953531919089981956?l=chicagocommercial.blogspot.com' alt='' /></div>Tad Lagesteehttp://www.blogger.com/profile/05691749428724619943noreply@blogger.com0tag:blogger.com,1999:blog-5998014692840468791.post-25234774484398877772007-09-06T21:22:00.000-07:002007-09-06T21:32:06.575-07:00Many clients ask us about the relative property taxes in Will County versus Cook County since we have offices and clients in both counties. It's frankly not a simple answer. An office user in Will County may have taxes of $3 or $4 per sf, while the same office in Cook County may have taxes of $8 to $10 per sf. On first blush this appears like in easy decision.<br /><br />However, many of our clients have chosen to pay the higher taxes for various reasons: 1. proximity to key employees; 2. proximity to major highways for industrial clients or proximity to high population centers of traffic patterns for retail clients; or 3. Costs of relocating; to name a few.<br /><br />In addition, their are a number of programs, including Cook County Class 6b, 7, or 8 programs, as well as TIF (tax increment financing) which can many times close the gap entirely. <br /><br />Finally, and most importantly, we always look at the gross dollars. For example, a 2,000 sf office may pay $4 in one place and $8 in another. This differential, although double, amounts to "only" $8,000 annually. For many, that cost does not justify a move. Moreover, the cost of the property in Cook County may be less expensive to purchase, and therefore the economic savings on the mortgage payment may justify the higher taxes.<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5998014692840468791-2523477448439887777?l=chicagocommercial.blogspot.com' alt='' /></div>Tadhttp://www.blogger.com/profile/06300762137550847285noreply@blogger.com2tag:blogger.com,1999:blog-5998014692840468791.post-83667029294167954732007-08-05T08:31:00.001-07:002007-08-05T08:34:29.682-07:00I've created this blog as a way of posting some general advice on buying and selling commercial real estate in the suburbs of Chicago and Northwest Indiana. Our company website is <a href="http://www.lmteam.com/">http://www.lmteam.com</a>. Our company builds, buys, and sells all manner of commercial real estate, especially in Will County, Cook County, and DuPage County. I have also negotiated on a number of tax increment financing districts (TIF), industrial revenue bonds, and sales tax incentive agreements.<div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5998014692840468791-8366702929416795473?l=chicagocommercial.blogspot.com' alt='' /></div>Tadhttp://www.blogger.com/profile/06300762137550847285noreply@blogger.com0