OTHERAMENDED

San Diego Housing Commission Report January 2026

SDHC Extends Lease with BB’s Deli at Hotel Sandford

$1,693.51/month (10/1/2025 - 9/30/2026), $1,744.32/month (10/1/2026 - 9/30/2027), $1,796.65/month (10/1/2027 - 9/30/2028), $1,850.54/month (10/1/2028 - 9/30/2029), $1,906.06/month (10/1/2029 - 9/30/2030); Option to extend: $1,963.24/month (10/1/2030 - 9/30/2031), $2,022.14/month (10/1/2031 - 9/30/2032), $2,082.80/month (10/1/2032 - 9/30/2033), $2,145.29/month (10/1/2033 - 9/30/2034), $2,209.65/month (10/1/2034 - 9/30/2035)San Diego Housing CommissionBB'S DELI LLCJanuary 16, 2026

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Description

The San Diego Housing Commission approved and finalized a five-year commercial lease extension with BB’s Deli, LLC for 773 sq. ft. of first-floor retail space at the Hotel Sandford, with base rent starting at $1,693.51/month and increasing 3% annually, plus an option for an additional five-year renewal. Responsibilities on utilities, signage, and tenant improvements are specified in the agreement, which was amended in January 2026 to update the term and terms.

Contract Details

Contract Amount

Vendor

BB'S DELI LLC

Agency

San Diego Housing Commission, CA

Contract Type

OTHER

Document Date

January 16, 2026

Contract Term

October 1, 2025 – September 30, 2030 (Initial Term), option to extend to September 30, 2035

Renewal Date

2030-09-30

Renewal Info

Leased from 10/1/2025–9/30/2030 (amended from initial 1-year lease). One five-year renewal option may be exercised by the tenant for 10/1/2030–9/30/2035 with continued annual 3% rent escalations; tenant must notify landlord 3–6 months prior to expiration. Amendment (January 2026) restates term and confirms option structure.

Issuing Agency