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CareFirst of Maryland, Inc.
June 30, 2015
Page 4
Landlord. Please explain how the Building will meter such consumption and how the Building will continue to
meter in the event of an expansion or contraction by CareFirst. If you are aware of any potential events or
activities that could significantly increase or decrease the Building’s Operating Expenses or Real Estate Taxes
(such as property tax assessments, property tax abatements, city or county incentives, insurance premium
increases, etc.), please identify those events and provide an estimate of the timing and magnitude of the
impact. Furthermore, please confirm that Landlord shall examine Real Estate Taxes on an annual basis and
shall consequently appeal real estate taxes in any year where such appeal is warranted.
10800 Red Run Boulevard
2015 Estimated Opex (per
RSF)
2015 Estimated Taxes
(per RSF)
2015 Estimated Utilities (per
RSF) (if separately charged)
$4.56
PSF–
includes
janitorial
and
3%
management fee
$2.03 PSF
$3.65PSF
Additional Comments: Utilities are included in operating expenses. The building is
currently served by a single electric meter and service. In the event of a contraction by
CareFirst a sub meter would be installed to monitor the vacant premises. The Real
Estate taxes for 10800 were appealed on reassessment in 2014 and reduced.
Reassessment is scheduled for 2017 and will be appealed at that time if necessary.
Please see the attached 2015 estimated expenses.
10802 Red Run Boulevard
2015 Estimated Opex (per
RSF)
2015 Estimated Taxes
(per RSF)
2015 Estimated Utilities (per
RSF) (if separately charged)
$4.25 PSF– includes janitorial
and 3% management fee
$2.27 PSF
$2.97 PSF
Additional Comments: Utilities are included in operating expenses. The building is
currently served by a single electric meter and service. In the event of a contraction by
CareFirst a sub meter would be installed to monitor the vacant premises. The real
estate taxes for 10802 were appealed on reassessment in 2014 and reduced.
Reassessment is scheduled for 2017 and will be appealed at that time if necessary.
Please see the attached 2015 estimated expenses.
410.298.2600 /
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