One Chesterfield Offering Memorandum 2016
TENANCY
Rent Roll
Leased Square Feet
Current Lease Expire
Rent Step Dates
Annual Rent ($/psf)
Current Lease Start
Annual Rent ($)
Monthly Rent ($)
Tenant
Suite
GLA%t
CAM INS
RET
108 & 112 15,667
10.9% 9/6/2006 9/30/2019 Current
$25.75
$33,619
$403,425 2016 BY 2016 BY 2016 BY
10/1/2016
$26.75 $34,924
$419,092
Principal Life Insurance Co.
10/1/2017
$27.25
$35,577
$426,926
10/1/2018
$27.75 $36,230
$434,759
Comments:
Tenant has one, 5-year option to extend its term at the prevailing market rate, but not less than the rent paid during the final year of the prior term. Tenant must provide Landlord with at least nine (9) months advance written notice.
Renewal Option:
Utility Services:
Tenant is responsible for all separately metered utilities at the premises.
Additional Rent:
Tenant is responsible for its proportionate share of all operating expenses in excess of the 2016 operating expenses.
Gross-Up:
95%
Construction Allowance:
Tenant has an outstanding allowance of $78,355.
32
• Cushman & Wakefield
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