32 / 56
Cushman & Wakefield
32
Rent Roll
Tenant
Suite
Leased
Square
Feet
GLA%t
Current
Lease Start
Current
Lease
Expire
Rent
Step
Dates
Annual
Rent ($)
Monthly
Rent ($)
Annual
Rent
($/psf)
CAM INS
RET
Principal Life
Insurance Co.
108 & 112 15,667
10.9% 9/6/2006 9/30/2019 Current
$25.75
$33,619
$403,425 2016 BY 2016 BY 2016 BY
10/1/2016
$26.75 $34,924
$419,092
10/1/2017
$27.25
$35,577
$426,926
10/1/2018
$27.75 $36,230
$434,759
Comments:
Renewal Option:
Tenant has one, 5-year option to extend its term at the prevailing market rate, but not less than the rent paid during the final year of the prior term. Tenant must
provide Landlord with at least nine (9) months advance written notice.
Utility Services:
Tenant is responsible for all separately metered utilities at the premises.
Additional Rent:
Tenant is responsible for its proportionate share of all operating expenses in excess of the 2016 operating expenses.
Gross-Up:
95%
Construction
Allowance:
Tenant has an outstanding allowance of $78,355 (outstanding amount to be credited to Buyer at close).
TENANCY