Leasing Policies
Competitive pricing allows Center tenants to focus
on growing their businesses—without having
to worry about escalating overhead costs.
- All space is leased on a per sq.ft. basis with
a minimum monthly lease amount for each type of
space. Lease rates on both a per month and per
year basis are listed below. Minimum monthly lease
amounts are also listed.
- Industrial space is leased on a triple net basis and
warehouse and office space is leased on a gross rate basis.
- Lease terms are typically one year with the option to
renew. Tenant businesses will typically "graduate" from
the facility after 5 years.
- Lease rates increase 5% per year after 3 years and 6%
per year after 6 years.
LEASE
RATES: (all rates quoted per square foot) |
Type
of
Space: |
Startup/Early
Stage Business |
Anchor
Tenant |
Temporary
Warehouse |
$.30/mo,
$3.60/yr, $50/mo minimum |
$.30/mo,
$3.60/yr, $50/mo minimum |
|
w/o
Exterior
O.H. Door |
with
Exterior
O.H. Door |
w/o
Exterior
O.H. Door |
with
Exterior
O.H. Door |
Industrial |
$.24/mo,
$2.90/yr
$65/mo minimum |
$.255/mo,
$3.06/yr
$450/mo minimum |
$.26/mo,
$3.15/yr
$70/mo minimum |
$.27/mo,
$3.30/yr
$500/mo minimum |
|
no
window |
with
window |
no
window |
with
window |
Semi
Finished
Offices |
$.55/mo,
$6.60/yr
$100/mo minimum |
$.64/mo,
$7.70/year
$115/mo minimum |
$.64/mo,
$7.70/year
$115/mo minimum |
$.73/mo,
$8.80/yr
$125/mo minimum |
Offices |
$.79/mo,
$9.50/yr
$125/mo minimum |
$.92/mo,
$11.00/yr
$140/mo minimum |
$.92/mo,
$11.00/yr
$140/mo minimum |
$1.00/mo,
$12.00/yr
$150/mo minimum |
|
Definitions:
Triple net rate -Tenant pays share
of occupancy costs for Utilities, Property Taxes
and Maintenance. Most costs divided based on percentage
of total leasable space occupied by tenant.
Gross rate -
Lease rate includes
all occupancy costs
except in unusual circumstances.
Ext. O.H. door -
Exterior overhead doors
(12 x 14) available in
some industrial areas.
Semi finished offices -
Includes finished walls,
dropped ceiling with
florescent lighting,
no carpet, A/C optional.
Offices - All finished offices
Temporary warehouse space - Available
on an interim basis when space is available.
Includes minimum heat and use of truck docks
and material handling equipment.
Anchor tenant -
An established local
business that has outgrown
its current facilities.
The Center can accommodate
a limited number of
these businesses at
market lease rates
to help insure the
Center's financial
stability. The maximum
area used by all anchor
tenants is limited
to not more than 10%
of the total Center
leasable area.
For additional information or to inquire about available
space,
contact Mary
Paitrick.
To review a sample lease, click
here.
*Please note that lease rates
and policies are subject to change.
|
