cCARE | Offering Memorandum

LEASE ABSTRACT

LEASE ABSTRACT

BASE RENT SCHEDULE

Base Rent/ RSF/MO Monthly Rent Annual Rent

838 Nordahl Road, Suite 300 San Marcos CA 92069 California Cancer Associates for Research and Excellence (cCARE)

Address

Period

Period 1 May 1, 2017 - April 30, 2018 Period 2* May 1, 2018 - April 30, 2019 Period 3* May 1, 2019 - April 30, 2020 Period 4 May 1, 2020 - April 30, 2021 Period 5 May 1, 2021 - April 30, 2022 Period 6 May 1, 2022 - April 30 2023 Period 7 May 1, 2023 - April 30, 2024 Period 8 May 1, 2024 - April 30, 2025 Period 9 May 1, 2025 - April 30, 2026 Period 10 May 1, 2026 - April 30, 2027 Period 11 May 1, 2017 - August 31, 2027

$2.70

$40,500.00 $486,000.00

Tenant

Landlord Nordahl Medical Centre, Inc. Letter of Credit $869,950, reduced by $217,487.50 each year starting in Year-2. Ownership Fee-Simple/Condo Lease Type Absolute NNN Leased Area 20,230 RSF / 17,399 USF Start Date April 21, 2017 Expiration Date August 31, 2027 Term 124 Months Security Deposit $73,434.90 Tenant Improvements Landlord TI Contribution: $115/RSF Tenant TI Contribution: $100/RSF Operating Expenses Tenant’s share of direct expenses of the total project is approx 35.29% Parking 5.0/1,000 RSF; 5 of said spaces are covered, reserved parking spaces

$2.78

$48,650.00 $583,800.00

$2.86

$57,857.80 $694,293.60

$2.95

$59,678.50 $716,142.00

$3.04

$61,499.20 $737,990.40

$3.13

$63,319.90 $759,838.80

$3.22

$65,140.60 $781,687.20

$3.32

$67,163.60 $805,963.20

$3.42

$69,186.60 $830,239.20

$3.52

$71,209.60 $854,515.20

$3.63

$73,434.90 $293,739.60

Rental Abatement

*Months 25 & 37

Right of Refusal to Expand

Tenant has the First Right of Refusal on Suite 175 within the building consisting of 5,164 RSF for the permitted use and radiation oncology.

Tenant has three (3) options to extend the lease term for a period of five (5) years each with no more than twelve ( 12) months and no less than nine (9) months written notice. The Base Rent shall be adjusted to the prevailing Fair Market Rent, including escalations, for comparable medical office space in Comparable Projects.

Options to Extend

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