Exclusive Investment Offering: Condominium Interest - Transwestern
Exclusive Investment Offering: Condominium Interest - Transwestern
Exclusive Investment Offering: Condominium Interest - Transwestern
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45<br />
Tenant Name<br />
Type & Suite Number<br />
Lease Dates & Term<br />
Initial (11/07)<br />
Rate &<br />
Sq Ft Bldg<br />
Share<br />
Amount<br />
per Year Changes on Changes to<br />
Description of Operating<br />
Expense Reimbursements<br />
Imprvmnts<br />
Rate<br />
Amount<br />
Commssns<br />
Rate<br />
Amount<br />
Assumption about<br />
subsequent terms<br />
for this tenant<br />
4 Nail Boutique 1,227 SqFt $36.05 Aug-2008 $37.13 Tenant shall reimburse 8.45%<br />
Retail, Suite: 106 8.41% $44,233 Aug-2009 $38.25<br />
share of CAM, Insurance and<br />
Real Estate Taxes as well as their<br />
Aug-2006 to Jul-2011 Aug-2010 $39.39 submetered use of the water.<br />
60 Months<br />
Following the current<br />
term, it is assumed that<br />
the tenant is exercise its<br />
renewal option.<br />
Tenant holds one 5-year renewal option at 3% increase over the previous year rent<br />
Tenant is to pay 5% of gross sales. Percentage Rent Base amount is equal to the minimum rent for the applicable lease year divided by the percentage rent rate.<br />
Nail Boutique 1,227 SqFt $40.57 Aug-2012 $41.79 Tenant shall reimburse 8.45%<br />
Option 8.41% $49,785 Aug-2013 $43.05<br />
share of CAM, Insurance and<br />
Real Estate Taxes as well as their<br />
Aug-2011 to Jul-2016 Aug-2014 $44.34 submetered use of the water.<br />
60 Months Aug-2015 $45.67<br />
Following the current<br />
term, it is assumed that<br />
the tenant is exposed to<br />
Retail (0SF - 2,999SF) market<br />
leasing assumptions.<br />
5 Prospective Tenant (Currently $45.00 Apr-2009 $46.35 Tenant shall reimburse tenant’s $7.00 $20.63 Following the current<br />
occupied by Spectrum Sales Office) 3,090 SqFt $139,050 Apr-2010 $47.74<br />
pro rata share of CAM, Insurance<br />
term, it is assumed that the<br />
4.00%<br />
and Real Estate Taxes as well as<br />
tenant is exposed to Retail<br />
Retail 21.19% Apr-2011 $49.17 their submetered use of the water. $21,630 $63,762 (3,000SF & larger) market<br />
Apr-2008 to Mar-2018 Apr-2012 $50.65<br />
leasing assumptions.<br />
120 Months Apr-2013 $52.17<br />
Tenant is currently on a month-to-month lease and is expected<br />
to vacate the premise January 2008.<br />
Apr-2014 $53.73<br />
Apr-2015 $55.34<br />
Apr-2016 $57.00<br />
Apr-2017 $58.71<br />
6 Hoang's Storage<br />
Storage<br />
Mar-2006 to Oct-2014<br />
208 SqFt<br />
1.43%<br />
$11.54<br />
$2,400<br />
Tenant shall reimburse tenant’s<br />
pro rata share of CAM (excluding<br />
water), Insurance and Real Estate<br />
Taxes.<br />
104 Months<br />
Following the current term,<br />
it is assumed that the tenant<br />
is exposed to Storage<br />
market leasing assumptions.<br />
Total Occupied (Useable):<br />
14,583 SqFt<br />
Total Vacant: -<br />
Building Total (Useable):<br />
14,583 SqFt<br />
ASSET INVESTMENT SALES GROUP
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