Contract Summary
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All under warranty.
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$22.00 / sq. ft. base rent
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includes HVAC, sprinklers, core and shell
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can change to accommodate higher build out, if needed
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$6 to $6.25 / sq. ft. operating expenses
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maintenance, snow, property management, janitorial, landscaping, etc.
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Internet and phone not included.
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Electricity separately metered and not included.
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lights go off automatically when you leave the room
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LEED certified building - cost likely $0.40-0.50/sq. ft.
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Build out of $30 / sq. ft. for longer leases of 10-20 years
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Can write in clause for a 20 yr lease that the landlord will install new carpet/paint at 10 years.
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Right to alterations in 10 years are up to us. Needs to be to code though.
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Can put our logo outside of our suite at our expense.
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Can add 8% ameritization rate for any addition fees over $30/sq. ft.
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Not included
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Furniture
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Electrical fixtures
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Cabling/drops for internet
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Real estate tax
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Clean up after trainings IF we do not put all of the trash in one location
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Heather Nelson-Confer will help us connect with the janitorial services for staging setups and clean-ups
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Click on the PDF image to the right to see an example of a full lease at Innovation Park and one of the companies.