--_004_MWHPR08MB273645F46E1D18899485819CF0CF9MWHPR08MB2736namp_ Content-Type: multipart/alternative; boundary="_000_MWHPR08MB273645F46E1D18899485819CF0CF9MWHPR08MB2736namp_" --_000_MWHPR08MB273645F46E1D18899485819CF0CF9MWHPR08MB2736namp_ Content-Type: text/plain; charset="Windows-1252" Content-Transfer-Encoding: quoted-printable Works for me! Zach Wittenberg Personal Real Estate Corporation Vice President, CBRE Limited D: (604) 662-5158 C: (778) 990-9105 ________________________________ From: Madonna Borger Sent: Thursday, January 26, 2023 11:14:40 AM To: Timothy Thomas Cc: Wittenberg, Zachary @ Vancouver ; Fuller, = Lauren @ San Diego Subject: Re: 1861 Marine Dr., West Vancouver, B.C. External Sure will schedule it. Thanks On Thu, Jan 26, 2023 at 10:01 AM Timothy Thomas > wrote: How about 9am PST tomorrow? On Thu, Jan 26, 2023 at 12:41 PM Madonna Borger > wrote: That would be great....I can jump on a call. Thanks On Thu, Jan 26, 2023 at 9:40 AM Wittenberg, Zachary @ Vancouver > wrote: Happy to jump on a call. I=92m flexible after 1pm (PST) today and before 1= pm (PST) tomorrow? Zach Wittenberg Personal Real Estate Corporation Vice President, CBRE Limited D: (604) 662-5158 C: (778) 990-9105 ________________________________ From: Timothy Thomas > Sent: Thursday, January 26, 2023 8:36:32 AM To: Wittenberg, Zachary @ Vancouver > Cc: Fuller, Lauren @ San Diego >; Madonna Borger > Subject: Re: 1861 Marine Dr., West Vancouver, B.C. External Hi Zach, Thanks for the detailed update. We're interested in remaining at this locat= ion however a renovation is needed. What would you recommend we do to secur= e this commitment from the landlord? Perhaps we should schedule another quick call with the team before proceedi= ng with an LOI? Thoughts? Thanks On Tue, Jan 24, 2023 at 1:57 AM Wittenberg, Zachary @ Vancouver > wrote: Hi Team =96 Apologies for the delay in responding. I connected with Bill th= is morning and had a good conversation about the market, your requirements = and renewal terms. He=92s owned the building since 1985 and has had a solid= of run of medical(esq) tenants with little to no vacancy. (Which is not su= rprising given the West Van market). Most of this sub-market is made up of = private owners and the buildings are retirement plans for keeping cash flow= . He has been getting decent action from a posted sign but is still OK to g= ive us the first blush. What I was able to discuss with him: * 3 year term with 3 yr option to renew * $5,980/mth gross (inclusive of property taxes, but those can change y= ear over year) =96 are you able to confirm your current monthly? As I only = have the 2020 figures. * We typically don=92t see this type of rent structure much anymore,= usually it=92s triple net. For example in this neighborhood for similar bu= ildings the rent would be between $40-46 psf net + $20-24 psf in Additional= Rent (prop tax, building common area costs etc). * Renovation allowance: he wasn=92t keen on committing to providing one= b