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AIRCRS
<br />STANDARD INDUSTRIAL/COMMERCIAL SINGLE-TENANT LEASE - NET
<br />(DO NOT USE THIS FORM FOR MULTI-TENANT BUILDINGS)
<br />X. Basic Provisions ("Basic Provisions").
<br />11 Parties. This Lease ("lease”), dated (or reference purposes only March 1. 2021 , is made by and between DYER 18. LLC ("lessor") and THE
<br />CITY OF SANTA ANA ("Lessee"), (collectively the "Parttas," or Individually a "Party").
<br />1.2 Premises: That certain real property, Including all improvements therein or to be provided by Lessor under the terms of this Lease, commonly known as
<br />(street address, city, state, tip): 1815 EAST CARNEGIE AVENUE, SANTA ANA. CA 92705 ("Premises'). The Premises are located In the County of
<br />ORANGE , and are generally descrfced as (describe briefly the nature of the property and, If applicable, the "Project," 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: 15 years and J)___months ("Original Term") commencing March . 2021 ("Commencement Date") and ending January 31.
<br />2036 (“Expiration Date"). (See also Paragraph 3)
<br />1.4 Early Possession: If the Premises are available Lessee may have non-exduslve possession of the Premises commencing N/A (“Early Possession Date").
<br />(See also Paragraphs 3.2 and 3.3)
<br />15 Bate Rent: $61,666.00 per month ("Base Rent"), payable on the 1ST day of each month commencing SEE ADDENDUM . (See also
<br />Paragraph 4)
<br />CD If this box Is checked, there are provisions In this Lease for the Base Rent to be adjusted. See Paragraph SEE ADDENDUM .
<br />1.6 Base Rent and Other Monies Paid Upon Execution:
<br />(a) Base Rent: $61,666.00 for the period 1ST MONTH RENT ■
<br />(b) Security Deposit: S200.000.00 ("Security Deposit"). (See also Paragraph 5)
<br />(c) Association Fees: ____for the period_____.
<br />(d) Other: ____for __.
<br />(e) Total Due Upon Execution of this Lease: $261,666 .
<br />1.7 Agreed use: EMERGENCY HOMELESS.SHEITER AND ANCILLARY USES . ISee also Paragraph 61
<br />1.8 Insuring Party. Lessor Is the 'Insuring Party" unless otherwise stated herein. (See also Paragraph 8)
<br />19. Real Estate Brokers. (See also Paragraph 15 and 25)
<br />(a) Representation: Each Party acknowledges receiving a Disclosure Regarding Real Estate Agency Relationship, conflrmsand consents to the following
<br />agency relationships in this Lease with the following real estate brokers ("Broker(s)") and/or their agents ("Agent(s)*):
<br />,rULessor's Brokerage Firm N/A License No.____Is the broker of (check one): □the Lessor: or 1
<br />Lessor's Agent N/A License No.____Is (check one): I—I
<br />both the Lessee and Lessor (dual agent).
<br />d both the Lessee's Agent and the
<br />the lessor’s Agent (salesperson or broker associate); or I
<br />Lessor's Agent (dual agent).
<br />Lessee's Brokerage Firm N/A license No.____Is the broker of (check one): O the Lessee; or □ both the Lessee and Lessor (dual agent).
<br />Lessee's Agent N/A UcenseNo. Is (check one): D the Lessee's Agent (salesperson or broker associate); or D both the Lessee's Agent and the
<br />Lessor's Agent (dual agent).
<br />(b) Paymentto Brokers. Upon execution and delivery of this Lease by both Parties, Lessor shall pay to the Brokers the brokerage fee agreed to In a
<br />separate written agreement (or If there Is no such agreement, the sum of____or______of the total Base Rent) for the brokerage services rendered by the Brokers.
<br />1.10 Guarantor. The obllgatlons ol the Lessor? under this-tease are to bo guarantecd-by N/A ("Guarantor"). (See also Paragraph 37)
<br />1.11 Attachments. Attached hereto are the following, all of which constitute a part of this Lease:
<br />13 an Addendum consisting of Paragraphs 51 through 70 ;
<br />[—1 a plot plan depicting the Premises;
<br />□ ,□□
<br />a current set of the Rules and Regulations;
<br />a Work Letter;
<br />other (specify):____.
<br />2. Premises.
<br />2.1 letting. Lessor hereby leases to lessee, and Lessee hereby leases from lessor, the Premises, for the term, at the rental, and upon all of the terms,
<br />covenantsand conditions set forth In this Lease. While the approximate square footage of the Premises may have been used in the marketing of the Premises for
<br />purposes of comparison, the Base Rent stated herein is NOT tied to square footage and Is not subject to adjustment should the actual size be determined to be
<br />different. NOTE: lessee Is advised to verify the actual size prior to executing this Lease.
<br />2.2 CondlUotw-Lanor shall dallvar thePremises4o-le«seebsoom-tleanand frae of debsls-oruhe .Commencement Data or the Early Possession Date, whichever
<br />tirslawurs-("Start Date”), and, to long astha required service contracts described In Jasagraph3.1(b).balow.are obtained by lessee and in affect within thirty days.
<br />following tha Start Oatar warrants thalthe-exltfng electrical, plumbing, fire sprinkler, lighting, heating, vontilating and air conditioning systems ("HUAC>, loading.
<br />doors, sump pumps, if any, and-allother tuoh elements In the Promlsasrothes than those constructed by lessee, shall be In good operating condition on said date,
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<br />INITIALS INITIALS
<br />© 2019 AIR CRE. All Rights Reserved.
<br />STN-27.30, Revised 11-25-2019
<br />Last Edited: 2/25/20219:53 AM
<br />Page 1 of 16
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