First Terrace Office Complex
Island: New Providence/Paradise Island
Living Area: 1,000 sq. ft.
Property Type: Residential Rentals
General Info:The First Terrace Professional Building is comprised of eight (8) potential units, totaling eight thousand (8,000) square feet. The units themselves come as shells, with only a fire-rated suspended ceiling installed, as well as a fully complete and functional bathroom per unit. The complex is geared towards medical facilities, as such the following amenities are provided: -Centrally located Elevator -48 hour generator-30 parking spaces – two (2) of which can be assigned and labeled per unit occupied -Superior hurricane resistant windows -Exterior lighting -Waste Disposal -Grounds security -On-site water wellRent, CAM, & Unit Breakdown: Rent and CAM are based on occupied square footage – $25.00 per square foot per annum for rent, and $9.00 per square foot per annum for CAM charges. Monthly Unit 1 Unit 2 Unit 3 Unit 4 Lower Sqft. 970 1,006 1,006 970 Rent $2,020.83 $2,095.83 $2,095.83 $2,020.83 Floor CAM $727.50 $754.40 $754.40 $727.50 Total Cost $2,748.33 $2,850.23 $2,850.23 $2,748.33 Monthly Unit 5 Unit 6 Unit 7 Unit 8 Upper Sqft. 970 1,006 1,006 970 Rent $2,020.83 $2,095.83 $2,095.83 $2,020.83 Floor CAM $727.50 $754.40 $754.40 $727.50 Total Cost $2,748.33 $2,850.23 $2,850.23 $2,748.33 Lease: Tenants will be required to sign a minimum of three (3) year lease, and a maximum of five (5) year lease without the presence of a rental adjustment clause. While a lease of more than five (5) years is an option, a rental adjustment clause will be present. Upon signing, a payment of first months rent, last months rent, and a security deposit (equivalent to one (1) months rent) will be required. CAM charges for the first two (2) months of tenancy will be waived.