California Chapters of the
Society of Industrial and Office Realtors, Inc.
INDUSTRIAL REAL ESTATE LEASE
(SINGLE-TENANT FACILITY)
ARTICLE ONE:
BASIC TERMS
This Article One contains the Basic Terms of this Lease between the Landlord and Tenant named below. Other Articles, Sections and Paragraphs of the Lease referred to in this Article One explain and define the Basic Terms and are to be read in conjunction with the Basic Terms.
Section 1.01. DATE OF LEASE: December 14, 1998
Section 1.02. LANDLORD (include legal entity):
Panattoni Development Company, or Assignee
Address of Landlord: 8401 Jackson Road
Sacramento, CA 95826
Section 1.03. TENANT (include legal entity): Amazon. com, Inc.
Address of Tenant: 1516 Second Avenue
Seattle, WA 98101
ATTN: General Counsel
Section 1.04. PROPERTY: (include street address, approximate square footage and description) An approximately 322,560 square foot facility located on a 35 acre parcel at 1600 East New lands Drive in the Nevada Pacific Industrial Park in Fernley, Nevada. A legal description of the property has been attached as Exhibit "A"
Section 1.05. LEASE TERM: 10 years 0 months beginning on (see paragraph 3 of the addendum) or such other date as is specified in this Lease, and ending on (see paragraph 3 of the addendum)
Section 1.06. PERMITTED USES: (See Article Five) warehouse, distribution, office and other such uses as permitted by code and applicable state and local regulations
Section 1.07. TENANT'S GUARANTOR: (If none, so state) None
Section 1.08. BROKERS: (See Article Fourteen) (If none, so state)
Landlord's Broker: Wilma Warshak- Colliers International
Tenant's Broker: Wilma Warshak- Colliers International and Commercial Properties of Nevada, Inc.
Section 1.09. COMMISSION PAYABLE TO LANDLORD'S BROKER: (See Article Fourteen) $ per separate agreement
Section 1.10. INITIAL SECURITY DEPOSIT: (See Section 3.03) $ See Addendum to Lease, Paragraph 2
Section 1.11. VEHICLE PARKING SPACES ALLOCATED TO TENANT: per site plan
Section 1.12. RENT AND OTHER CHARGES PAYABLE BY TENANT:
(a) BASE RENT: or (ii) See Addendum to Lease, Paragraph 1. (If (ii) is completed, then (i) and Section 3.02 are inapplicable.)
(b) OTHER PERIODIC PAYMENTS: (i) Real Property Taxes (See Section 4.02); (ii) Utilities (See Section 4.03); (iii) Insurance Premiums (See Section 4.04); (iv) Impounds for Insurance Premiums and Property Taxes (See Section 4.07); (v) Maintenance, Repairs and Alterations (See Article Six). The monthly per square foot "triple net" expenses are estimated to be as follows: a) property taxes-$.032, b) property insurance-$.005, c) maintenance-$.01, and d) property management (1.5%)-$.006.
Section 1.13. LANDLORD'S SHARE OF PROFIT ON ASSIGNMENT OR SUBLEASE: (See Section 9.05) Fifty percent (50%) of the Profit (the "Landlord's share").
Section 1.14. RIDERS: The following Riders are attached to and made a part of this Lease: (If none, so state) Addendum to Lease
Exhibit A- Site Plan/Legal Description Hazardous Materials Rider
NOTE: The language in this Lease is based on the SIOR Format and has been modified throughout per mutual agreement of Landlord and Tenant.
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