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File #: 2022-2061   
Type: Consent Calendar Item
Body: City Council
On agenda: 6/7/2022
Title: Final Passage of Ordinance Authorizing the Interim City Manager to Execute a Lease with Rhoads Property Holdings, LLC, a California Limited Liability Company, dba CSI Mini Storage for Thirty Six Months for Buildings 338, 608, and 608A C, Located at 50 and 51 West Hornet Avenue, at Alameda Point. (Community Development 81900929061822)
Title

Final Passage of Ordinance Authorizing the Interim City Manager to Execute a Lease with Rhoads Property Holdings, LLC, a California Limited Liability Company, dba CSI Mini Storage for Thirty Six Months for Buildings 338, 608, and 608A C, Located at 50 and 51 West Hornet Avenue, at Alameda Point. (Community Development 81900929061822)

Body

The staff report for this ordinance was included when the ordinance was introduced and is available at the following link:
https://alameda.legistar.com/LegislationDetail.aspx?ID=5564078&GUID=D3E0561D-87E2-4CE3-852B-8B4BD072B8BD&Options=&Search=&FullText=1

CITY OF ALAMEDA ORDINANCE NO.
New Series

AUTHORIZING THE CITY MANAGER TO EXECUTE A LEASE WITH RHOADS PROPERTY HOLDINGS, LLC, A CALIFORNIA LIMITED LIABILITY COMPANY, D B A C S I M I N I - S T O R A G E SUBSTANTIALLY IN THE FORM OF EXHIBIT 2, FOR THIRTY-SIX MONTHS FOR BUILDINGS 338, 608, AND 608A-C, LOCATED AT 50 AND 51 WEST HORNET AVENUE, AT ALAMEDA POINT

WHEREAS, Rhoads Property Holdings dba CSI Mini-Storage (CSI), provides container self-storage and warehouse rentals at Alameda Point; and

WHEREAS, CSI has occupied the premises since 2005; and

WHEREAS, the lease with CSI will extend the business's tenancy for thirty-six months until November 30, 2024, and provides the landlord the right to terminate the lease after the first year on one hundred twenty (120) days prior written notice; and

WHEREAS, the base rent during the extension term is $61,266.96 for year one,
$63,104.97 for year two, and $64,998.12 for year three; and

WHEREAS, it is acknowledged that a mini storage facility is not a desired long- term use of the site at the Enterprise District, it has been determined that this is the most efficient and best use of the property at this time; and

WHEREAS, altogether, the premises at 50 and 51 West Hornet Avenue consisting of approximately 70,989 square feet of rentable space and 154,714 square feet of appurtenant land area.

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