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 %
CAM INS
RET
514
2,763
1.9%
2/1/2015 4/30/2022 Current
$25.50
$5,871
$70,457 2015 BY 2015 BY 2015 BY
8/1/2017
$26.00
$5,987
$71,838
$10.43 PSF
L&G Strategies
8/1/2018
$26.50
$6,102
$73,220
8/1/2019
$27.00
$6,217
$74,601
8/1/2020
$27.50
$6,332
$75,983
8/1/2021
$28.00
$6,447
$77,364
Comments:
Tenant has one, 5-year option to extend its term at the prevailing market rate. Tenant must provide Landlord with at least nine (9) months advance written notice.
Renewal Option:
Utility Services:
Utility expenses shall be included as additional rent.
Additional Rent:
Tenant is responsible for its proportionate share of all operating expenses in excess of the 2015 operating expenses.
Gross-Up:
95%
The Sensible Group, Frederick W. Ingram, and Jonathan P. Krueger. The maximum guaranteed amount equals $500,000, which is reduced each year as follows: $400,000 after the 1st Anniversary, $300,000 after the Second Anniversary, $150,000 after the 3rd Anniversary, $0 after the 4th Anniversary.
Guarantor:
44
Cushman & Wakefield
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