HomeMy WebLinkAboutL-312 Lease Commencement Addendum_.pdf Lease Commencement Addendum
LANDLORD:
Kerman Strauss LLC and Kerman Leeds and Ross LLC,
Tenants in Common, successors in interest to Kerman Shopping Plaza LLC
TENANT:
County of Fresno, a political subdivision of the State of California
LOCATION OF PREMISES:
15180 W. Whitesbridge Road, Kerman, CA 93630
This letter shall certify, in accordance with the Lease dated June 6, 2017'.
1. That the Landlord has substantially completed the required Tenant Improvements in
accordance with Section 10 of the Lease, evidenced by the attached copy of the
Certificate of Occupancy issued by the City of Kerman on June 20, 2019.
2. That the Leased Premises contains 10,146 rentable square feet.
3. That the Rent for the Leased Premises is in accordance with the following schedule.
Rent Period Rent/Month
Year One $12,682.50
Year Two $12,936.15
Year Three $13,194.87
Year Four $13,458.77
Year Five $13,727.95
Year Six $14,002.51
Year Seven $14,282.56
Year Eight $14,568,21
Year Nine $15,150.94
Year Ten $15,453.96
4. That the Premises were delivered to the Tenant on June 20, 2019.
5. That the Lease term will commence on June 24, 2019.
6. That the Rent Commencement Date will be June 24, 2019.
7. That the Lease term will expire on June 30, 2027, subject to Lessee's option to
extend.
The parties hereto hereby agree that the above information is correct, and the parties
have signed this Lease Commencement Addendum as of the dates below their
respective signatures.
LESSEE: LESSOR:
COUNTY OF FRESNO KERMAN STRAUSS LLC, a California
limited liability company AND KERMAN
LEEDS AND ROSS LLC, a California
limited liability company, as TENANTS
IN COMMON
BY: MCS GUARDIAN PROPERTIES
LLC, a Delaware limited liability
company
ITS: ASSET MANAGER
BY.-
Matthew/it. Strauss
NAME: 3D W•_Eask ITS: Chief Executive Officer
Director of Internal Services