FACILITIESAWARDED

roseville-joint-union-high-contract-2023-06-01_7a3.pdf

District Signs Lease for Business Park Office Facility

$4,400/month with 3% annual increases (initial: $158,400 over 3 years, excluding escalations)Roseville Joint Union HighSYCAMORE GARDENSJune 1, 2023

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Description

Roseville Joint Union High School District entered into a triple net lease agreement with Sycamore Gardens for a 4,000 sq ft building at 601 Commerce Drive, with a base rent of $4,400/month and 3% annual increases for a three-year primary term. The district has the option to automatically renew the lease for up to two additional five-year periods under the same terms. Tenant is responsible for property taxes, insurance, CAM, and all maintenance costs except a one-year HVAC warranty from landlord.

Contract Details

Contract Amount

$4,400/month with 3% annual increases (initial: $158,400 over 3 years, excluding escalations)

Vendor

SYCAMORE GARDENS

Agency

Roseville Joint Union High, CA

Contract Type

FACILITIES

Document Date

June 1, 2023

Contract Term

June 1, 2023 – May 31, 2026; option to renew for two additional 5-year periods (auto renew)

Renewal Date

2026-05-31

Renewal Info

Tenant may renew for two successive five-year terms, automatically, on existing terms and with continued 3% annual increases. Lease becomes month-to-month at 150% rent upon holdover.