Carefirst Proposal email

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CareFirst of Maryland, Inc.
June 30, 2015
Page 3
5. Rent
Please propose a NNN rent to lease the Extension Premises for the ten (10) year lease term, copying over the
chart if multiple buildings or rent structures are involved. If lower rent space (such as below grade space) is a
part of this proposal, please provide the proposed NNN rent for that space separately. If the rate varies by
floor, please provide one blended rate only for the entire occupancy. In addition, on the chart below, please
indicate any rent escalations included in the proposed rent structures, and any rental abatement offered
initially or throughout the term.
10800 & 10802 Red Run Boulevard
Lease Year Dates Rental
Abatement
(No.
Months)
NNN Office
Rent (Rate
per RSF)
Annual
Escalation
(%) /
Bump ($)
NNN Low
Rent /
Storage Rent
(Rate per RSF)
Annual
Escalation
(%) /
Bump ($)
Pre-LED and
Extension
Term
9/1/15 –
7/31/28
0 months of
rent
abatement
$19.00 PSF
NET
3% N/A N/A
Additional Comments: Merritt proposes a rental rate of $19.00 PSF NET. The new rental
rate shall commence September 1, 2015. The rental rate shall increase 3% annually
through it existing and extended terms.
10715 Red Run Boulevard
Lease
Year
Dates Rental
Abatement
(No.
Months)
NNN Office
Rent (Rate
per RSF)
Annual
Escalation
(%) /
Bump ($)
NNN Low
Rent /
Storage Rent
(Rate per RSF)
Annual
Escalation (%)
/ Bump ($)
Pre-LED and
Extension
Term
9/1/15 –
7/31/28
0 months of
rent
abatement
$15.95 PSF
NET
3% N/A N/A
Additional Comments: Merritt proposes a rental rate of $15.95 PSF NET. The new rental
rate shall commence September 1, 2015. The rental rate shall increase 3% annually
through it existing and extended terms.
6. Operating Expenses and Real Estate Taxes
On the chart below, Please confirm the Building’s Actual Operating Expenses and Real Estate Taxes. Please
assume, or extrapolate if need be, a fully occupied Building. Please indicate whether the cost of tenant
electricity is included in the Operating Expenses. If CareFirst is responsible for the payment of utilities
consumed in the premises, please confirm that CareFirst shall be separately metered for all utilities
consumed by CareFirst and that all costs associated with such metering (installation, etc.) shall be borne by
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