HomeMy WebLinkAboutExhibit AIIIIIIII AWAKEFIELD
Commander Bianca Joseph
Miami Police Department -Internal Affairs Section
5040 NW 7th Street, Suite 900
Miami, FL 33176
John O'Neil
Senior Director, Commercial
Brokerage
John.oneil@cushwake.com
6100 Blue Lagoon Drive, Suite
300
Miami, FL 33126
(305) 267-8062 Tel
(305) 267-8546 Fax
RE: Cushman & Wakefield, on behalf of Valoro Capital is pleased to present to your
department, Miami Police Department- Internal Affairs ("Tenant") the following
proposal to renew their lease at 5040 NW 7th Street, Miami, Florida. Please review the
following:
BUILDING: 5040 NW 7th Street
Miami, Florida 33145
OWNERSHIP: Valoro Capital
PREMISES: Suite 900 (9,280 rsf)
LEASE COMMENCEMENT: November 1, 2022 (Estimated)
LEASE TERM: Five (5) years from the Lease Commencement Date.
ANNUAL BASE RENT:
OPERATING
EXPENSES:
The first year Base Rent shall be $31.00 per rentable square
foot and shall escalate by $1.00 per square foot on each
anniversary of the Lease.
There shall be no pass throughs of Operating Expenses during
the renewal term.
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein and same is submitted subject to errors, omissions, change of price, rental or other
conditions, withdrawal without notice, and to any special listing conditions, imposed by our principals.
TENANT IMPROVEMENT
ALLOWANCE:
LEASE AGREEMENT:
HOURS OF OPERATION:
SECURITY
DEPOSIT:
BROKERAGE:
DISCLOSURE:
NON -BINDING:
Landlord shall touch up paint in the Premises.
Tenant and Landlord shall execute a lease amendment.
Air conditioning shall be provided to Tenant's space from 7:00
a.m. to 6:00 p.m. Monday through Friday, and Saturday 9:00
a.m. to 1:00 p.m. Any overtime air conditioning requested by
Tenant shall be Tenant's cost. It is estimated that after hours
HVAC, for the first Lease year, will be approximately $55.00
per hour.
None shall be required.
It is understood that in this transaction Cushman & Wakefield
("broker") represents the Landlord and NAI Miami represents
the Tenant. There are no other brokers are involved. All
commissions due in connection with this transaction shall be
payable by Landlord pursuant to a separate agreement.
Florida Statute, Chapter 475, requires Brokers to provide
disclosure regarding representation. In this transaction,
Cushman & Wakefield is acting agent for the Landlord.
This Proposal constitutes only an expression of interest and shall
not constitute a binding agreement between the signatories to
consummate the transaction discussed herein. This Proposal is
non -binding and is merely a reflection of the parties'
understanding of some of the general terms of the proposed lease
transactions and upon which understanding the parties are
willing to proceed with further discussions and negotiations.
Notwithstanding the contents of this Proposal or any other past,
present or future written or oral indications of assent or
indications of results of negotiation or agreement to some or all
matters then under negotiation, it is agreed that no party to the
proposed transaction (and no person or entity related to any such
party) will be under any legal obligations with respect to the
proposed transaction or any similar transactions, and no offer,
commitment, estoppel, undertaking or obligation of any nature
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein and same is submitted subject to errors, omissions, change of price, rental or other
conditions, withdrawal without notice, and to any special listing conditions, imposed by our principals.
whatsoever shall exist or be implied in fact, law or equity, unless
and until a formal written agreement providing for the
transaction containing in detailed legal form the terms and
conditions of the transaction has been executed and delivered by
all parties intended to be bound. Both parties acknowledge and
agree that during the course of negotiations the parties may reach
agreement on certain points related to the proposed transaction,
but agree that neither party shall be entitled to rely upon any such
agreements, or any statements or representations that may be
made during the course of discussions and negotiations, nor shall
there be any legal obligations related thereto, until the parties
have executed a formal written agreement setting forth in
detailed legal form all of the terms and conditions of the
proposed transaction. This paragraph sets forth the entire
understanding and agreement of the parties (and all related
persons and entities) with regard to the subject matter of this
paragraph and supersedes all prior and contemporaneous
agreements and understandings related thereto. This paragraph
may be amended, modified, superseded or canceled only by
written instrument which specifically states that it amends this
paragraph executed by an authorized party of each entity to be
bound thereby.
PROPOSAL EXPIRATION: This Proposal will expire as of June 27, 2022 at 12:00 p.m.
ANY LEASE SHALL BECOME EFFECTIVE ONLY UPON EXECUTION AND DELIVERY THEREOF BY BOTH
LANDLORD AND TENANT. THE OWNERS SHALL RESERVE THE RIGHT TO MODIFY OR WITHDRAW THIS
PROPOSAL UPON NOTICE, AT ANY TIME, UP TO THE EXECUTION AND DELIVERY OF A LEASE
MODIFICATION AGREEMENT BY BOTH PARTIES.
Sincerely,
CUSHMAN & WAKEFIELD OF FLORIDA, INC.
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein and same is submitted subject to errors, omissions, change of price, rental or other
conditions, withdrawal without notice, and to any special listing conditions, imposed by our principals.
John O'Neil
Senior Director
Office Brokerage Services
AGREED TO AND ACCEPTED BY:
Miami Police Department- Internal Affairs
Name
Title Date
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein and same is submitted subject to errors, omissions, change of price, rental or other
conditions, withdrawal without notice, and to any special listing conditions, imposed by our principals.