Interoffice Memorandum
DATE: January 8, 2025
TO: Mayor Jerry L. Demings and County Commissioners
THROUGH: Mindy T. Cummings, Manager
FROM: Ana Alves, Program Manager
CONTACT: Mindy T. Cummings, Manager
PHONE: 407-836-7090
DIVISION: Real Estate Management Division
ACTION REQUESTED:
title
Approval and execution of Third Amendment to Commercial Lease Agreement by and between BREIT SE Industrial ORL/JAX Portfolio, LLC and Orange County, Florida, and authorization for the Manager of the Real Estate Management Division to sign amendments to the Lease Agreement and 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 Orange County operations.
ITEM:
Third Amendment to Commercial Lease Agreement
Term: Five years
Cost:
Year One - $8,192.54 base rent per month
Year Two - $8,479.26 base rent per month
Year Three - $8,776.06 base rent per month
Year Four - $9,083.24 base rent per month
Year Five - $9,401.15 base rent per month
Option: NA
Size: 7,036 square feet
BUDGET: Account No.: 0001-043-0201-3620
REVENUE: None
FUNDS: NA
APPROVALS: Real Estate Management Division
REMARKS: Orange County currently leases approximately 14,236 square feet of office and warehouse space located at 3600 Vineland Road, Suites 103, 105, and 106, Orlando, Florida 32811, under a triple net lease approved by the Board on October 8, 2024, pursuant to the Second Amendment to Commercial Lease Space ("Second Amendment").
Tenant improvements were contemplated, per the Second Amendment to Commercial Lease, and now that those improvements are completed. This Third Amendment to Commercial Lease Space will update the Second Amendment to re...
Click here for full text