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Status of Joint Committee on Capital Review (JCCR) Projects
ARIZONA STATE UNIVERSITY FY 2024 - 2027 CAPITAL IMPROVEMENT PLAN UPDATE PROPERTY LEASES IN EFFECT DURING FY 2022
UNIVERSITY AS LESSOR
CONTINUE (C) RENEW (R) PROPERTY TYPE OF USE USE OF LESSEE TERM (T) LOCATION LEASEABLE SF COST FY RECEIPT TERM TERM LEASE ** OF FUNDS SPACE NEW (N)* PER SF COMMENCEMENT EXPIRATION
53 Sam Chang and Tina Chau, dba Slickables (C) 699 S. Mill Avenue Tempe AZ 1,480 21.59$ $31,947 1/1/201712/31/2023 NNN Designated Restaurant
54 Ski Ambulatory Surgical Centers, LLC (R) 1100 E. University Drive Tempe AZ 8,198 22.17$ $181,722 5/15/20112/28/2027 G Designated Surgical Center
55 Sun Devil Energy Center LLC (C) 740 East Lemon Street Tempe AZ 1.2 AC N/A $0 7/1/20086/30/2035 G Designated Ground Lease/Chiller Plant
56 Swift Coat Inc. (R) 7700 S River Parkway Tempe AZ 1,139 50.81$ $57,868 3/15/20203/14/2023 G Designated Lab/Office
57 TDC Tempe Partners, LLC (N) 651 E 6th Street Tempe AZ 0.96 AC N/A $6,029,410 10/5/202110/31/2120 NNN Designated Ground Lease
58 TJC KIDS, LLC (R) 555 N Central Avenue Phoenix AZ 1,541 10.74$ $16,548 7/1/20186/30/2028 NNN Designated Restaurant
59 TREASU, LLC (C) 615 S. College Ave. Tempe AZ 7,269 3.87$ $28,154 12/19/201310/31/2024 NNN Designated Restaurant
60 UBIF Pruitt Co., dba uBreakiFix
61 United States Postal Service
62 University House Mesa, L.L.C. (R) 699 S. Mill Avenue, Suite 112 Tempe AZ 900 20.31$ $18,280 4/1/20163/31/2024 NNN Designated Retail
(C) 522 N. Central Avenue Phoenix AZ 4,627 11.81$ $54,656 8/1/20097/31/2024 NNN Designated Office
(C) 5937 S. Backus Mall Mesa AZ 2.2 AC N/A $154,805 7/22/20116/30/2076 NNN Designated Ground Lease/Student Housing
63 Verizon Wireless (VAW), LLC (C) 660 S Mill Avenue Tempe AZ
64 VoiceStream PCS III Corporation, dba T-Mobile (C) 411 North Central Avenue Phoenix AZ N/A N/A
N/A N/A $15,870 4/1/20103/31/2035 MG Designated Cell Tower
$10,494 1/31/20035/17/2023 G Designated Cell Tower
65 Von Ardenne North America, Inc. (T) 7700 South River Parkway Tempe AZ 2,233 24.82$ $55,421 3/1/20207/31/2021 G Designated Office
66 Wentworth Rio Salado Creative Office I, LLC (N) 1337 East Rio Salado ParkwayTempe AZ 7.75 AC N/A $0 (Rent pre-paid Yr 1) 5/4/20215/31/2120 FS Designated Creative Office
*(C) (R) TO BE CONTINUED/RENEWED AS SHOWN BY TERMS (T) LEASE ENDS AS SHOWN BY TERMS - WILL BE TERMINATED (N) NEW LEASE
** TYPE OF LEASE NNN - TRIPLE NET: DOES NOT INCLUDE TAXES, INSURANCE OR OPERATING EXPENSES IN BASE RENT N - NET: DOES NOT INCLUDE OPERATING EXPENSES IN BASE RENT MG - MODIFIED GROSS: DOES NOT INCLUDE INSURANCE AND OPERATING EXPENSES IN BASE RENT G - GROSS LEASE: OPERATING EXPENSES, TAXES, AND INSURANCE ARE INCLUDED IN RENT *** PERCENTAGE RENT CHARGED ANNUALLY OR BIANNUALLY