Interoffice Memorandum
DATE: September 18, 2024
TO: Mayor Jerry L. Demings and County Commissioners
THROUGH: Mindy T. Cummings, Manager
FROM: David Murphy, Senior Acquisition Agent
CONTACT: Mindy T. Cummings, Manager
PHONE: 407-836-7090
DIVISION: Real Estate Management Division
ACTION REQUESTED:
title
Approval and execution of Second Amendment to Commercial Lease Agreement by and between BREIT SE Industrial ORL/JAX Portfolio, LLC and Orange County, Florida and authorization for the Real Estate Management Division Manager to exercise all delegations of authority expressly, required or allowed by the Lease Agreement, as needed for Vineland Warehouse Storage Expansion, 3600 Vineland Road, Orlando, Florida 32811. Lease file 10001B. District 6. (Real Estate Management Division)
body
PROJECT:
Vineland Warehouse Storage Expansion
3600 Vineland Road, Orlando, Florida 32811
Lease File 10001B
PURPOSE: To provide additional space for the Orange County operations.
ITEM:
Second Amendment to Commercial Lease Agreement
Term: Five years
Cost:
Commencement Date to October 31, 2024 - $7,915.50 per month
Year One - $8,192.54 per month
Year Two - $8,479.26 per month
Year Three - $8,776.06 per month
Year Four - $9,083.24
Year Five - $9,401.15
Option: N/A
Size: 7,036 square feet
BUDGET: Account No.: 0001-043-0201-3620
REVENUE: None
FUNDS: NA
APPROVALS:
Real Estate Management Division
County Attorney’s Office
Risk Management Division
Facilities Management Division
REMARKS: Orange County currently leases approximately 7,200 square feet of office and warehouse space located at 3600 Vineland Road, Suite 103, Orlando, Florida 32811 under a triple net lease approved by the Board of County Commissioners on August 21, 2018.
Due to the need for additional space for County operations, this action will add Suites 105 and 106, at an additional 7,036 square feet for a combined total area of 17,236 square feet within the same facility.