JoeInMD
JoeInMD t1_j2frz1f wrote
Reply to ELI5: Why do companies that own a building sell the building and lease a space in it? Ex: CBS with television city by hypersucc
Flexibility. I have a business owner as a client. He wanted to retire. He owned 2 businesses: a hardware store and the company that owned the land the store was on. Upon retirement, he sold his hardware store. The new owners paid a lump sum in cash and that was that. However, they now have to pay rent to my client to the tune of $10,000/month. Included in the sale was a lifetime lease agreement. He'll have that $10k/month as long as he shall live.
If he owned the store and the land as one company sure his sale proceeds would've been greater, but probably not to the same extent that sales proceeds plus $120k/yr in income will result in.
JoeInMD t1_j1wwulg wrote
Reply to comment by dmootzler in Tijuana Airport, Christmas Eve by Quilp
Ok, wow! That is a huge difference. I used to live in San Diego and never even thought about TIJ. Hell, next time I go to Cabo I may do PHL>SAN, cross the border and finish with TIJ>SJD
JoeInMD t1_j1wr2qr wrote
Reply to comment by dmootzler in Tijuana Airport, Christmas Eve by Quilp
PHL>TIJ was $5 less than PHL>SAN on random selected dates in Google Flights
JoeInMD t1_j2fsggn wrote
Reply to comment by heartbt in LPT: Bought a canned drink at the store? Wipe the lid before you drink it. by Tough-Butterscotch-1
Not even close. I saw a vending machine being refilled. There was a stack of cans of soda. Vending machine guy put his foot right on top of the cans to toe his shoe.