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Document Preview Standard Industrial/Commercial Multi-Tenant Lease (Gross) |
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Title: |
Standard Industrial/Commercial Multi-Tenant Lease (Gross) |
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Entities: |
American Industrial Real Estate Association; Irvine Sensors Corp. |
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Date: |
2003 |
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Size: |
Preview shows 8KB of 169KB total |
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Price: |
$61 |
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ID: |
#243754 |
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[GRAPHIC APPEARS HERE]
STANDARD INDUSTRIAL/COMMERCIAL
MULTI-TENANT LEASE - GROSS
AMERICAN INDUSTRIAL REAL ESTATE ASSOCIATION
1. Basic Provisions (Basic Provisions).
1.1 Parties: This Lease (Lease), dated for reference purposes only October 14, 2003, is made by and between Orange County Department of Education Facilities Corporation, a California Corporation (Lessor) and Irvine Sensors Corporation, a Delaware Corporation (Lessee), (collectively the Parties, or individually a Party).
1.2(a) Premises: That certain portion of the Project (as defined below), including all improvements therein or to be provided by Lessor under the terms of this Lease, commonly known by the street address of 3001 Redhill Avenue, Building 3, located in the City of Costa Mesa, County of Orange, State of California, with zip code 92626, as outlined on Exhibit B attached hereto (Premises) and generally described as (describe briefly the nature of the Premises): 20,534 rentable square feet, comprising all of Building 3 in the Project known as the Esplanade. In addition to Lessees rights to use and occupy the Premises as hereinafter specified, Lessee shall have non-exclusive rights to the Common Areas (as defined in Paragraph 2.7 below) as hereinafter specified, but shall not have any rights to the roof, exterior walls or utility raceways of the building containing the Premises (Building) or to any other buildings in the Project. The Premises, the Building, the Common Areas, the land upon which they are located, along with all other buildings and improvements thereon, are herein collectively referred to as the Project. (See also Paragraph 2.)
1.2(b) Parking: in common unreserved vehicle parking spaces (Unreserved Parking Spaces); and 0 reserved vehicle parking spaces (Reserved Parking Spaces). (See also Paragraph 2.6.) (See Addendum Paragraph 60)
1.3 Term: 5 years and 0 months (Original Term) commencing October 1, 2003 (Commencement Date) and ending September 30, 2008 (Expiration Date). (See also Paragraph 3.)
1.4 Early Possession: N/A (Early Possession Date). (See also Paragraphs 3.2 and 3.3.)
1.5 Base Rent: $25,667.50 per month (Base Rent), payable on the first day of each month commencing October 1, 2003. (See also Paragraph 4.)
| If this box is checked, there are provisions in this Lease for the Base Rent to be adjusted. (See Addendum Paragraphs 50 & 51) |
1.6 Lessees Share of Common Area Operating Expenses: N/A percent (N/A%) (Lessees Share).
1.7 Base Rent and Other Monies Paid Upon Execution: (See Addendum Paragraphs 50 & 51)
(a) Base Rent: $25,667.50 for the period 10/01/03-10/31/03.
(b) Common Area Operating Expenses: $821.36 for the period 10/01/03-10/31/03.
(c) Security Deposit: $32,193.00 (Security Deposit). (See also Paragraph 5.)
(d) Other: $N/A for N/A.
(e) Total Due Upon Execution of this Lease: $58,681.86.
1.8 Agreed Use: General administrative offices, One(1)Class 1,000 Clean Room, One (1) Class 10,000 Clean Room, Two (2) Class 100 Clean Rooms, and Laboratory used for low volume electronic packaging. (See also Paragraph 6.)
1.9 Insuring Party. Lessor is the Insuring Party. (See also Paragraph 8.)
1.10 Real Estate Brokers: (See also Paragraph 15.)
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