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ADT BUILDING | EXECUTIVE SUMMARY
INCOME SUMMARY
The Property is 100% leased to ADT Security Services, Inc. The
remaining Base Rent of the Initial Lease Term, from June 1, 2017, is
detailed below. Note that annual rent increases occur in October
of each year.
START DATE MONTHS BASE RENT
OVER PERIOD
Jun-17
12
$3,328,809
Jun-18
12
$3,395,386
Jun-19
12
$3,463,293
Jun-20
12
$3,532,559
Jun-21
12
$3,603,210
Jun-22
12
$3,675,275
Jun-23
4
$ 1,233,151
TOTAL BASE
RENT FROM
JUNE-2017
76
$22,231,684
The Tenant pays for utilities and services directly and pays Landlord for
100% of RE Taxes and Insurance. The Landlord’s only responsibilities
include HVAC repairs & maintenance as well as Management Fee and
Administrative Fees, if any.
OFFERING SUBMISSION PROCESS
Offers should be submitted in a Letter of Intent, specifying the
following:
price, length of inspection period, length of closing period,
closing cost allocation, amount and timing of earnest money deposits,
source/proof of equity and debt funds, and background information
on the purchaser. Offers will be considered as received and should be
addressed as follows:
OWNER: BOCA YAMATO LLC
C/O SCOTT O’DONNELL
Executive Director
scott.odonnell@cushwake.comCushman & Wakefield of Florida Inc, Inc.
225 NE Mizner Blvd, Suite 300
Boca Raton, FL 33432