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RENT ROLL
TENANCY
Reimbursements
Tenant
Suite
Leased
Square
Feet
GLA % Lease Start
Lease
End
Rent Step
Date
Annual Rent
(PSF)
Monthly
Rent ($)
Annual Rent
($)
CAM INS
RET
CKE Properties
215-216 1,980
3.4% 8/1/2016 7/31/2021
Current
$6.00
$990
$11,880
Net
Net
Net
Comments
Renewal Options:
Tenant has two (2) options to renew its lease for three (3) years each.
Utility Services:
Tenant is responsible for separately-metered utilities for its Premises.
Guarantor(s):
Jeremy Malenski (individual). Guarantee is only for the first 36 months of the lease.
Note:
Lease start date is approximate based on expected move-in.
Imagine Dance Project,
LLC
d/b/a Imagine Dance Studio
217-219 4,900
8.4% 7/1/2016 6/30/2021
Current
$2.88
$1,175
$14,100
Net
Net
Net
7/1/2017
$3.37
$1,375
$16,500
7/1/2018
$3.86
$1,575
$18,900
7/1/2019
$4.35
$1,775
$21,300
7/1/2020 $4.59
$1,875
$22,500
Comments
Renewal Options:
Tenant has one (1) option to renew its lease for three (3) years at the prevailing market rate, but not to exceed $3,300 per month. Tenant must provide
Landlord with at least three (3) months advance written notice.
Utility Services:
Tenant is responsible for separately-metered utilities for its Premises.
Permitted Use:
Tenant shall use its Premise solely as a Dance Studio and for no other purpose without Landlord’s prior written consent.
Guarantor(s):
Sydnee Reese (individual).
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