510 Research Rd
North Chesterfield, VA 23236
Southport Business Center · Property For Lease

Dear Prospective Tenant: I am acting as owner/agent in offering your company a lease at the above referenced location, subject to availability, credit approval, and County approvals as necessary. The lease will be on Henry Liscio Company’s lease form and the proposed business terms are set out below: Term: Five years; Security: $3,121.78; Guaranty: Personal guarantee not to exceed $37,500.00 or one year’s then future rents, whichever is the greater; Rent: $10.00 /SF to escalate 3% annually; CAM T&I, W&S: $1.75/SF to adjust according to actual expenses; HVAC: Tenant to pay pre-negotiated HVAC contract amount of $26.63/month; Parking: Seven (7) company or employee vehicles and no busses or commercial equipment, plus customer parking; Improvements: Landlord to deliver space with all mechanical systems in good working condition and fully warranted for six months from lease commencement. Repairs: Tenant to pay all repairs and/or replacements excepting roof for up to $1,200 in any lease year, and Utilities: Tenant pays separate, except for water and sewer included in CAM. Anticipating that the estimated CAM T&I W&S (a pro-rata share of common area maintenance including refuse pick-up, parking lot sweeping, repairs and maintenance but not replacement, water and sewer, landscape maintenance, snow removal, management, real estate taxes and landlord building insurance) and HVAC contract will rise at 3% per year, your monthly payments would be as follows: Year 1: $3,121.78; Year 2: $3,215.43; Year 3: $3,311.89; Year 4: $3,411.25, and Year 5: $3,513.59. This proposal is made under confidentiality between you financial and legal advisors only.