|
I
<br />EXHIBIT 1B
<br />A-2017.264
<br />Attachment 5
<br />OFFICE LEASE
<br />THIS OFFICE LEASE ("Lease") Is made and entered into by and between CP SANTANA, LLC, a Delaware limited linbllily company
<br />("Lnndlorcl'I and the Tenant described In iteml of the Basic Lease Provislons as o1'the ENtecdve Date.
<br />BASIC LEASE PROVISIONS
<br />I, Tenant: THE CITY OF SANTA ANA,a charter city and municipal corporation,
<br />2. Description of Project; Building;
<br />Promises:
<br />2.1 , Project,
<br />As used herein, the "Project" means that certain commercial office building project, with all common
<br />areas and appurtenant parking facilities, located at 801 West Civic Drive, Santa Ana, California, and
<br />containing the Building, and any other building improvements located on die police[ of real property an
<br />which the Building Is located,
<br />2.2 Building:
<br />As used herein, the "Building" means the commercial office building located at and cammanly known
<br />as 801 West Civic Drive, Santa Ana, California.
<br />2.3 Rentable Area of Building:
<br />124,165 rentable square feet ("RSP')
<br />2.4 Premises(
<br />A portion of the second (2"u) floor of the Building known as Suite 200, as depicted on Exhibit "A"
<br />attached hereto,
<br />2.5 Rentable Area of Premises:
<br />19,321RSF,
<br />3. Term:
<br />3.1 Tnrget Delivery Date: April 1, 2011.
<br />3.2 Commencement Date: The Delivery Date,
<br />3.3 Initial Term: Approximately sixty (60) months, commencing on the Commencement Date and ending on the last day
<br />of the calendar month in which the date that is Sixty (60) mmtdts after the Coacmencemont Date occurs.
<br />3.4 Options to extend the Term: Two (2) options to extend the Term for an Extension Term of sixty (60) months, In accordance with
<br />Seclimr3.2.2, below and Schedule "d-I" of Exhibit " "attached hereto.
<br />4. Base Rent: During the Initial Temi, Base Rent shall be payable at the following rates:
<br />Months Monthly Base Rental Rate Base Rent
<br />($/RSF/mo) ($Aso)
<br />1-12 $2.2000 $42,506.20
<br />13-24 S2,2660 $43,781.39
<br />25—'36 - $23340 $45,094.83
<br />37-49 $2.4040 $46,447,67
<br />49.60 $2.4761 $47,841,10
<br />5. Additionni Rent:
<br />51 Tenant's Percentage Share:
<br />15,561"%
<br />5,2 Base Yew:
<br />9.018
<br />6. Security Deposit:
<br />None
<br />7. Permitted Use:
<br />General office use slid other lawful incidental uses, consistent with a lust class. high-rise commercial
<br />office project,
<br />8. Parking Numhen
<br />The whole number closest to the piaduct of (a) the number of RSF contained in the Premises and (b)
<br />0,004 (such that It is agreed That the Parking Number with reapecl to the Initial Prumiaes Is eighty-two
<br />(82)).
<br />9. Brokers:
<br />Lee Fe Associates Really Group Nestporl Beach, [no., representing 'Ienonl, and .tones Lang LnSallo
<br />Brokerage, representing I.endinrd,
<br />10. Address 1'nr Payuents:
<br />All payments payable to Landlord under thin Lease shall be sent to the Iollowing address ar to such other
<br />801 I t' Cirie Cunler De—Cflp oJ'Snnhr.4rer Leine -i-
<br />80A-135
<br />
|