|
MAR O 9 2021
<br />Q: C,DP\ l•') (1-{vv'I -�q,,t,,,-_�)ft'\"
<br />-QUIRED
<br />ii� OGE•:)
<br />AIRCRS
<br />STANDARD INDUSTRIAL/COMMERCIAL SINGLE-TENANT LEASE -NET
<br />(DO NOT USE THIS FORM FOR MULTI-TENANT BUILDINGS)
<br />I. 8'ulc Pr011lllons f'B11lc Provision,•).
<br />1.1 Put1ei. This Lease ("lease"), dated for reference purpom only March 1. 2021 . ls made by and between DYER 18. LLC ("l.au or") and -1!:if...
<br />CITY OF SANTA ANA ("Lusae"l, (collectlvoly tho "Putiu," or lndtvldually a •Party"), 1.2 Preml1es: That cenaln real property, Including all lmprowm<,nls therein or lo be provlded by Lessor under the lorms of this tease, commonly known as
<br />(street address, city, state, zip): 1815 EAST CARNEGIE AVENUE. SANTA ANA. CA 92705 ("Premises"). The Premlm are located In the County of
<br />ORANGE , and an? generallydesc rl>ed as (dewlbe briefly the nature or thepro�rty and, If applicable, the "Pro)Kt," If the property Is located within a Project):
<br />AN APPROXIMATE 29,503 SQUARE FOOT FREESTANDING INDUSTRIAL BUILDING • (See also Paragraph 2)
<br />1.3 Term: .li._ years and .Q__ months ("Orlalnal Term") commencing March , 2021 ("Commenc.emem Date")and ending Januar y 31. 1Q12._ ('bpi ration Da�•,. (Ste also Paragraph 3)
<br />1.4 Early PM!e'5lon: If the Premises il/e available Lessee mav have non-exclusive possession of the Premises commencing .!:lf.L ("Ear1y Pouaulon Data'). (See also Paragraphs 3.2 and 3.3)
<br />1.5 Bue Rant: $61,666.00 �r month ("Bese Rent"), payable on the � dav of each month commencing SEE ADDENDUM , (See also Pora graph 4) D If this bo,<ls checkod, tha111 are provtslons In this Lease for the Base Rent to be adjusted. s.., Pua graph SEE ADDENDUM 1.6 B•Je Rent and Oth■r Monios Paid Upon fxecut1on,
<br />(•I Bo<• Ront: $61,666.00 for the period 1ST MONTH RENT .
<br />(bl Security Ooposlt: $200.000.00 ("Security Deposit'). (See also Paragraph 5)
<br />(c) Assoclat1on Feu: __ for the pertod __ .
<br />(d) Other: for(el Total Due Upon Executlon olthls LUSI!! $261,666
<br />1.7 Ag�ed Use: EMERGENCY HOMELESS SHELTER AND ANCILLARY USES . (See •lso Paragraph 61 1.8 lnsurlna Party. Lessor Is the "Insuring Partv" unless otherv.!se nate<I herein. (� al10 Par•sr1ph 8)
<br />1.9. Real Estate Brohn. (See also Paragraph 15 and 25) (a) Representation: £.!ch Party acknowledges receiving a Dis.closure Regarding fteal Estate Agency Relattonshlp, conftrms and consents to the following agency n?lat1onshlps In 1h15 Lease with the foll owing real estate brokers ('Brokar(s)") and/or their agents ('�nt(s)"):
<br />Lessor's Brokerage Firm J:Y.A_ Ucense No. __ Is the bro�, of (check o�): D the Lessor; or LJ both the Lessee and Lessor {dual agent).
<br />Lessor's Aaent Jjj.A_ tleense No. __ ls (check onel: D the lessor's �nt (salesperson or broker associate); or D both the Lessee's Agent and the Lessor's Aaent (dual agent).
<br />Lessee's Brok<irage Firm J:Y.A_ LICEnse No. __ Is the broker of (cileck one): D the Lessee; or D both the Lesseo and Lessor (dual agent).
<br />t.tssee'sAgent .1:Y.A_ UcenseNo. __ ls (check one): D theles.ee's Agent (salesperson orbrokerauoclate); or D both the Lessee's Agent and the lessor's Agent (dual agent). (bl Paymentto Brokers. Upon execution and delivery of this Lease by both Partlei, Lessor shall pay to the Brokers the brokerase fee agreed to In a
<br />separate written •ereement (or If then? Is no such agreement, the sum of __ or __ l$ of the tocal Base Rent) for the brokerage services rendered by the Brokers.
<br />1.10 Guarantor. The 9bllg;i�eA, 9f lhe Lu,oe u�der 1h11 bea,e a,e lo be gya�•leed lly l'i&__ ("Gua�ntor"). (� also Paragraph 37) 1.11 Attachments. Attiehed he<eto are the fonowtng, au of which cons11tute a part of this Lea�:
<br />� an Addendum consistlng of Paragraphs S 1 through 70 ;D a plot plan depicting Iha Premlso,;
<br />----
<br />0 a current set of the Rules and Rtgulatlons; D a Work Letti,r; D other (specify): _ .
<br />2. Premises. 2.1 lett1n1. Lessor hereby leases to Lessee, and Lossee herebv leases from Lessor, the Premises, for the tenm, at the rental, and upon all of the terms, covenants and conditions set fonh In this Lease. While the 1pproxlma� square footage of th• Premises may have been used In the marketing of the Pn?mlses for purposes of comparison, the Base Rent stated herein Is NOT tled to square footage and Is not subject to adjustment should the acl\lal site be detenmlned to be different. NOTE: lessee lsad...tsed to ""'"ly the actual Jilt prior to uecut1ng thls Luse. 2.2 C0<1dltlon I u,o, ,�all dal�·•r U,11 P,oml••• lo LIHIIG Ii••-claao aAd lru or d1b1lc on lho C::gmA1oncemen• Olla or \ho ,a•!\< RomK£1oo Dato, •uhich, .. o, ""I°''�" ("Stul Date"), and. iO lgne Ji lbt �qllltod (tP•lca cgntn.u do,e<lbod In Racasc:apb l J(bl below a•o obt:llnad by I OIIH ••d I• •ti••' wlU>ln thiny d11•• fQllowlAS lh• Stut 01t11, IN�FUAt, thal th:a ex!,dne electrkal pl11mblne, ffce ,pdnklac, UshdPS, hazdAfl, uonOl?ctne and ]It rcodldoPIP8 P;IIQMf , ... HW:C .. ), toadlne door,, wmp pump,, If JQt,: and 1H other wch al&t=PGAU In tha Premlcos, other 1h10 tbctt con11cuc&ud by I eu,a, 1h1U be lo send opent1oe condition on nid date,
<br />INITIALS © 2019 AIR CRE. All Rights Rese rved .
<br />STN-27.30, Revised 11-25-2019
<br />INITIALS Last Edited: 2/25/2021 9:53 AM
<br />Paee 1 of 16
<br />EXHIBIT 1
<br />A-2021-028
|