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One-Year Capital Plan (FY 2024
ARIZONA STATE UNIVERSITY FY 2024 - 2027 CAPITAL IMPROVEMENT PLAN UPDATE PROPERTY LEASES IN EFFECT DURING FY 2022
UNIVERSITY AS LESSEE
LESSOR CONTINUE (C)
RENEW (R) PROPERTY TYPE OFSOURCE USE OF
TERM (T) LOCATION DEPARTMENT / LEASEABLE COST PER FY RECEIPT TERM TERM LEASE ** OF FUNDS NEW (N)* PROJECT SF SF COMMENCEMENT EXPIRATION SPACE
56 T83 Apartments, LLC (T) 8175 W Ludlow Drive Peoria AZ Residential Life 29,246 N/A $260,706 8/1/20197/31/2021 FS Designated Residential
United States of America, acting through the United States Department of Agriculture, Forest Service (N)
58 United Way Capital Corporation (R) Sec. 36, T. 22 N., R. 7 E., GILA AND SALT RIVER MERIDIAN 340 North Commerce Park Loop Flagstaff AZ Media 1 $0.00 $0 7/1/202112/31/2050 FS Designated Communications Site
Tucson AZ Office and Education 9,842 $20.39 $200,665 5/1/20184/30/2023 NNN Designated Office & Classroom
59 University House Tempe, LLC (T) 711 E. Lemon St Tempe AZ Residential Life 1 $0.00 $0 8/16/20197/30/2021 G Designated
Valley of the Sun Young Men's
Christian Association (T) 350 N. First Avenue Phoenix AZ Office and Education 5,721 $0.36 $2,083 8/1/20117/31/2021 N Designated Housing
Education
*(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