Current Tenant & Lease Structure

Tenant – Cust-O-Fab Specialty Services, LLC

Based in Oklahoma, Cust-O-Fab Inc., also has locations in Texas, Louisiana and Montana. “Cust-O-Fab provides unparalleled service from the west coast to the east coast with fully integrated, comprehensive heat transfer services to national and international customers. The national electrical/electronic manufacturing company provides equipment fabrication and on-site services intended for companies in the petrochemical industry. The company engages in process piping fabrication and installation services, field retubing, exchanger bundle extraction, welding procedures and refractory projects, enabling companies with fabricated equipment and onsite services with expedited deliveries.’ Taken from www.custofab.com

Rate – Current Base Rent is $24,102.56 per month through December 2024 with 3.5% annual increases through the end of the term.

Commencement Date – Tenant has leased the property since January 1, 2022.

Term Remaining – Primary Term expires December 31, 2031.

Renewal Options – Tenant has 2 additional 5-year extension renewal options.

Lease Structure – Lease is structed on a NNN basis where Landlord is responsible for the foundation, structural systems not including plate glass windows and doors. Tenant is responsible for taxes, insurance, utilities and all maintenance and routine repairs including sidewalks, service ways, loading areas, roof, exterior walls and the HVAC system.