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Deed - Civic Center - File 155, 1938 pt1
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Deed - Civic Center - File 155, 1938 pt1
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10/11/2022 3:09:24 PM
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10/11/2022 3:06:35 PM
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CM City Clerk-City Council
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Deed
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Terms <br />Gross rent, includes <br />utilities, janitorial <br />some tenant improve- <br />ment allowance; no <br />load factor <br />Gross rents. Old leases <br />are at 60�. All services <br />provided. Normal tenant <br />improvement allowance <br />(partitioning, drapes, <br />carpeting). Owners <br />seeking 5 yr, leases. <br />Net rents in future. Cur- <br />rent leases at $ .585 <br />but didn't include ten- <br />ant improvements (inter- <br />ior finish). Tax & utili- <br />ty stops at low levels. <br />High <br />Some <br />no w <br />occu <br />High <br />Fron <br />not <br />Olde <br />tion <br />Estu, <br />Gross leases with tax F Medi( <br />utility stops. Owners One t <br />plan to go to triple net cents <br />rents in future. <br />Gross rents projected. 3-4 t <br />Owner, Annunziato, real Prof( <br />estate developer will use <br />part of bldg. Second bldg. <br />planned. High rents re- <br />flect new construction <br />cost levels. <br />Gross rents with taxes Own, <br />clauses $ utility esca- net <br />lations tied to CPI. <br />
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