Current Tenant & Lease Structure

Tenant – IEA Equipment Management, LLC

“We offer a full spectrum of delivery models including full engineering, procurement, and construction (EPC), turnkey, design-build, balance of plant (BOP), and subcontracting services. As experts in energy, we have the in-house capabilities to support our customers’ infrastructure projects across all phases of the energy lifecycle. And with more than 70 years of experience in heavy civil construction, IEA is an industry leader in the field.” – Taken from www.iea.net

Term Remaining – The current term expires on July 31, 2021.

Rate – Current Base Rent is $6,500 per month (Months 16 & 17 of the Lease have been negotiated to be rent free).

Lease Structure – Lease is structured on a Modified Gross basis; where Landlord is responsible for insurance and property taxes. Landlord may pass through increases in taxes or insurance. Tenant is responsible for all property maintenance including foundation, roof, and other structural components.

Landlord Expenses – Landlord pays an estimated $8,000 in taxes annually and an estimated $7,000 in insurance annually.