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this post was submitted on 27 Mar 2024
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so, looking at warehouse leasing costs, it's $6-11/sqft/year.
50,000 sqft is a tiny size in the area (ranging from 30k for a few, but most around 100-200k sqft easy.) Lets go with 50k just be generous.
that comes to 25-46k/month. Because of how commercial eviction works MN... there's usually going to be a late notice, then another late notice one or two months out. negotiation, "sure we can help you out (but only because the courts want us to let you grift the shit out of us first.)". when those are missed, they'll usually try mediation/arbitration, which then grifters like Lindell will just blow through, getting several more months. Then, the courts take a month or two to get involved.
throw in a property manager who actually believed his shit, at 25k/month, it could easily take the 8 months to rack up to 200,000.
and this is ignoring any 'some is better than none' deals that might have happened before starting the process.
Your numbers seem about right this is probably about just recovering some money out of the lease as "MyPillow has more or less vacated but we'd like to do this by the book," attorney Sara Filo, representing First Industrial, said in a hearing in eviction court Tuesday. Source