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Base Case
Rent Roll
Threshold:
$100.00
Violations:
0
Lease Lease
Current
Recovery Contract
Market
% of
Expiration Assigned
Building
Tenant Name
Suite # Start
End
SF Date
$/SF
Rent/Yr
Method Rent
Rent
Market Assumption MLA
Notes
Maximum Rent Alert ($/SF)
TENANT INFORMATION
BASE RENT
UPON EXPIRATION
1625
VACANT (formerly Hospice)
100/175 4/1/18 3/31/23 8,826 4/1/18 $16.00
141,216
Net $18.01 $19.09 94.34% Market
Office
1625
Advantage RN
150 11/1/14 12/31/17 1,276 8/1/17 $14.59
18,612
Net $15.03 $16.00 93.94% Market
Office
11/1/17 $15.03
1625
Prologic Consumer Mktg
160/301 1/1/13 12/31/18 9,950 8/1/17 $15.91
158,304
Net $16.39 $16.80 97.56% Market
Office (1)
ROFO
: On any 3rd floor space
1/1/18 $16.39
1625
VACANT
190 1/1/18 12/31/22 3,240 1/1/18 $16.00
51,840
Net $18.01 $19.09 94.34% Market
Office
1625
DRB Capital
200 4/1/14 4/30/20 19,223 8/1/17 $13.67
262,776
Net $14.50 $17.47 83.00% Market
Office
5/1/18 $14.08
5/1/19 $14.50
(2)
ROFO
: ROFO on any available space on 1st or 3rd floor
1625
ReliaBill Solutions
300 8/1/14 6/30/20 12,797 8/1/17 14.03
179,544
Net $14.60 $17.47 83.57% Market
Office
9/1/17 14.31
9/1/18 14.60
(2)
ROFO
: ROFO on any available space on 3rd floor
9/1/19 14.89
1625
Alfred Angelo
400 6/1/13 4/30/20 21,947 8/1/17 $13.51
296,424
Net $14.33 $17.47 82.03% Market
Office
6/1/18 $13.91
6/1/19 $14.33
Occupied Property
163,653 93% $14.04
2,296,889
$
Vacant Property
12,066
7% $16.00
193,056
$
Total Property
175,719 100% $14.17
2,489,945
$
Hospice of Palm Beach County will vacate space effective
6/30/17
(3)
Relocation
: LL may relocate with 120 days notice, new
premises to contain 90% - 110% of current rentable area
(3)
Security Deposit
: $90,000 to be returned within 30 days of
lease expiration
(1)
Renewal Option
: One 3-Year Option with 365 days notice at fair
market rent
(2)
Relocation
: LL one-time right to relocate with 60 days notice
(1)
Renewal Option
: Two 5-year options with 365 days notice at
fair market rent
DELRAY CENTRAL | RENT ROLL - 1625 BUILDING
Tenant Overview // Page 33