A Proposal for the Lease of a Commercial Premise:
Following being engaged as the exclusive broker for the Explorer Club, I have searched for a suitable building to lease.
The Explorer Club (EC) requires a premise to set up a small retail store (1,000 square feet) and a space in the same building for offices and an auditorium (50,000 square feet). It intends to lease for a period of ten years with two and three, five year options for renewal. Most of the promising buildings have ground leases which have been used to secure loans from a high risk lender, Fortress Financial Inc. In five to seven years, the loan will ...