Circuit City 1997 Annual Report Download - page 31

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STANDARD INDUSTRIAL LEASE
(NET)
1. BASIC LEASE TERM.
a. DATE OF LEASE EXECUTION: July 17, 1997
c. LANDLORD: South Bay Industrials Co., L.L.C., a Delaware limited liability company Address (FOR RENT AND NOTICES): c/o
SARESoREGIS Group 9500 Telstar Avenue, Suite 106, El Monte, CA 91731, with a copy to: J.P. Morgan Investment Management, 522 Fifth
Avenue, New York, NY 10036 and to: SARESoREGIS Group, 18802 Bardeen Avenue, Irvine, CA 92712
d. TENANT'S PERMITTED USE OF PREMISES: Warehousing and distribution of computer related products, materials handling equipment,
retail sales and related office activities.
e. PREMISES: Those Certain Premises Defined in PARAGRAPH 2 Below.
f. PREMISES AREA: approximately 140,720 Rentable Square Feet
g. TERM: Commencement Date: NOVEMBER 1, 1997 Expiration Date: OCTOBER 21, 2007 Number of Months 120
h. MONTHLY BASIC RENT: FORTY-SIX THOUSAND FOUR HUNDRED THIRTY-SEVEN AND
60/100 DOLLARS ($46,437.60)
i. ANNUAL BASIC RENT: FIVE HUNDRED FIFTY-SEVEN THOUSAND TWO HUNDRED FIFTY-ONE AND 20/100 DOLLARS
($557,251.20)
j. RENT ADJUSTMENT:
Cost of Living. The cost of living provisions of Subparagraph 5(c) apply using the Consumer Price Index - Urban Wage Earners and Clerical
Workers (Los Angeles- Anaheim-Riverside), all items, Base 1982-
1984 ("Index"), (1967=100), with a minimum increase of 3% per annum and
a maximum increase of 7%, said adjustments calculated and effective at the commencement of the 31st, 61st and 91st months of the Term.
k. PREPAID RENT (for FIRST month of term): FORTY-SIX THOUSAND FOUR HUNDRED THIRTY-SEVEN AND 60/100 DOLLARS
($46,437.60).
l. TOTAL SECURITY DEPOSIT: $60,590.50, including a $0.00 non-refundable cleaning fee.
m. BROKER(S): CB Commercial - Jeffery S. Morgan and John J. Schumacher, representing Tenant.
n. GUARANTOR(S): N/A
o. TENANT IMPROVEMENTS: All work performed by Landlord to prepare the Premises for occupancy pursuant to the terms of the work
Letter Agreement attached hereto as EXHIBIT C.
p. TENANT IMPROVEMENT ALLOWANCE: If applicable, Landlord grants to Tenant a Tenant Improvement Allowance pursuant to the
terms of the Work Letter Agreement attached hereto as EXHIBIT C.
q. PARKING: Tenant shall have exclusive rights to all available designed parking appurtenant to the property.
r. ADDITIONAL SECTIONS: Additional sections of this Lease, contained in the "Addendum to the Lease", numbered 36 through 0 - - are
attached hereto and made a part hereof. If none, so state in the following space NONE.
v. RIDERS: Riders numbered 1 through 2 are attached hereto and made a part hereof. If none, so state in the following space - - .
w. EXHIBITS: Exhibits lettered A through I are attached hereto and made a part hereof. If none, so state in the following space
-
-
.
b. TENANT: Systemax, Inc., a New York corporation
Trade Name Global Computer Supplies
Address (Leased Premises): 921 West Artesia Boulevard
City, State Zip Code: Compton, CA 90220
Building/Suite/Unit: 921 West Artesia Boulevard