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RENT ROLL
SQUARE START EXPIRATION BASE RENT INCREASE INCREASE LEASE
TENANT RBA% OPTIONS
FEET DATE DATE RENT PSF DATE AMOUNT TYPE
Renews to M-2-M with
52%
Kerry Bio-Science 70,000 1/21/2002 12/31/2022 $224,000 $3.20 1/1/2018 $227,500 90 Day Termination Gross
Notice
1/1/2019 $231,000
1/1/2020 $234,500
1/1/2021 $238,000
1/1/2022 $241,500
1 - 3 Year Option Modified
CZ-USA, Inc. 25,000 18% 12/18/2012 6/30/2025 $99,521 $3.98 7/1/2018 $102,507
1.5% Annual Increases* Gross
7/1/2019 $107,166
7/1/2020 $108,773
7/1/2021 $110,405
7/1/2022 $112,061
7/1/2023 $113,742
7/1/2024 $115,448
Southern Tier 26,400 19% 9/10/2016 9/9/2019 $95,004 $3.60 9/10/2018 $96,429 1 - 2 Year Term Modified
Pet Nutrition 1.5% Annual Increases Gross
1 - 2.5 Year Term
Snyder Modified
Communications 14,400 11% 9/29/2000 7/1/2025 $48,000 $3.33 1/1/2018 $50,400 1.5% Annual Increases Gross
on January 1 In Option**
* Option to Terminate Lease after 1/1/2021; 12 Months Notice
** Option to Terminate Lease after 12/31/2021; Six Months Notice
TENANT STORIES INCOME & EXPENSES
KERRY BIO-SCIENCE CZ-USA, INC. INCOME
Kerry Bio-Science falls under the corporate CZ-USA is a subsidiary of CZUB, a Czech Base Rent $474,360*
umbrella of Kerry Group, an international manufacturer and distributor of firearms Expense Reimbursements
food additives manufacturer headquartered founded in 1936. Formed in 1997, CS-USA $6,869**
in Tralee, Ireland. The company produces imports and manufactures firearms for the Effective Gross Income $481,439
refined specialty proteins, pharmaceutical US Market.
grade lactose, and is a processor of EXPENSES
vanilla beans. Dan Wesson Firearms, a subsidiary
of CS-USA, manufactures and tests Taxes $38,448
Kerry Group has a S&P credit rating of firearms in this specialized facility which Insurance $13,364
BBB+ and an outlook of stable. includes manufacturing equipment and a
firing range. Fire Safety $4,400
SOUTHERN TIER PET NUTRITION SNYDER COMMUNICATIONS
Water & Sewer $2,000
Southern Tier Pet Nutrition, manufactures Snyder Communications is a newspaper Maintenance $9,250
and distributes dry pet food. The company company headquartered at the Subject
offers holistic, natural, and organic pet Property and is the parent company of Lawn $4,320
foods for dogs, cats, ferrets, and kois. The Evening Sun, The New Berlin Gazette,
and Circulars Unlimited, all produced Snow Plow $2,340
The company is part of Bright Pet on site. Management *** 3% / $14,231
Nutrition Group, along with Ohio Pet
Foods and Blackwood Pet Food, and Sun Printing, Inc, founded in 2001 Total Expenses $88,353
services customers in Canada, Japan, includes a twelve-unit press and is one Net Operating Income $392,877
South Korea, Malaysia, Singapore, Taiwan, of the largest printing facilities in Central
and Israel. New York.
* Calendar Year 2018
** CS-USA Tax Reimbursement
*** Current Owner Self Manages; Included for Best Practice
