ARLINGTON COUNTY, VIRGINIA. County Board Agenda Item Meeting of September 21, 2013

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1 ARLINGTON COUNTY, VIRGINIA County Board Agenda Item Meeting of September 21, 2013 DATE: June 24, 2013 SUBJECT: Deed of Lease For Office Space between the County Board of Arlington County, Virginia, as Landlord, and Ronald L. Hiss, an individual, as Tenant, for real property and improvements located at th St. N., Suite 510, Arlington, Virginia (RPC# and RPC# ). C. M. RECOMMENDATIONS: 1. Approve the Deed of Lease For Office Space (Attachment 1) between the County Board of Arlington County, Virginia, as Landlord, and Ronald L. Hiss, an individual, as Tenant, for th St. N., Suite 510, Arlington, Virginia; and 2. Authorize the Real Estate Bureau Chief, or his designee, to execute the lease, on behalf of the County Board, subject to approval as to form by the County Attorney. ISSUES: There are no outstanding issues regarding the approval of the lease. SUMMARY: Approval and execution of the lease, on behalf of the County Board would allow Ronald L. Hiss to occupy Suite 510, as a tenant, through October 31, 2014, while providing revenue to the County. BACKGROUND: When the County Board acquired th St. N. on November 20, 2012, Ronald L. Hiss occupied Suite 510, containing approximately 1,567 square feet of rentable area, under a lease with the building s previous owner. The County s acquisition terminated that lease. Mr. Hiss currently occupies Suite 510 under a short-term occupancy agreement with the County. Mr. Hiss has requested to continue to occupy Suite 510, as a tenant, through October 31, 2014, consistent with the terms of the attached lease. DISCUSSION: The lease accommodates Mr. Hiss s request to continue to occupy Suite 510 through October 31, 2014, as a tenant, while providing revenue to the County from the lease of office space that is not currently needed for County use. The lease is retroactive to the County s acquisition of the property, on November 20, 2012, and supersedes and replaces the short-term County Manager: ##### County Attorney: ***** 29. B. Staff: Doug Raiden, DES Real Estate

2 occupancy agreement. The base rent is $29, per year ($19.01 per square foot) gross for the entire lease term. After adjusting for anticipated taxes, the rental rate is the same as that paid by Mr. Hiss to the building s previous owner. Staff does not anticipate that the County will need to use Suite 510 before the expiration of the lease term. FISCAL IMPACT: All rents from th Street North tenants are received by the property manager, Cassidy Turley, on behalf of the County, and are used to offset the operating and maintenance costs of the building. In FY 2013, these revenues have been sufficient to cover all expenses of the property. It is anticipated that in FY 2014, tenant revenues will be sufficient to cover annual operating and maintenance expenses

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45 PT.11 7 PT.11 PT Vicinity Map th ST N RPC# & PT PT. 13 PT PT. 13 PT TH ST N N COURTHOUSE RD PARCEL A 4 PT. 1 PT. 1 PT. 2 PT N TROY ST Feet / Pursuant to Section of the Code of Virginia, any determination of topography or contours, or any depiction of physical improvements, property lines or boundaries is for general information only and shall not be used for the design, modification, or construction of improvements to real property or for flood plain determination. Aerial Photography flown February 2009 Easement Locations are Approximate. Map prepared by Arlington County GIS Mapping Center Produced and August 2011 PT TH ST N

46 PARCEL B PT B C 10B C A PT PT A A OUTLOT A 8A 2 15-A N VEITCH ST PT.9 N COURTHOUSE RD N COURTHOUSE RD 9 N TROY ST 9 7A 8B 8C N VEITCH ST 1-D 13-A PARCEL F PT.PAR.B PARCEL A WILSON BLVD Vicinity Map th ST N RPC# & PT PT. 23 PT. 22 PT. 21 PT. 20 PT. 19 CLARENDON BLVD PT. 18 PT. 17 PT. 16 PT B TH ST N PT A 13-A PT. A B PT. 14 PT. 15 PT. 16 PT. 17 N SCOTT ST PARCEL A PARCEL A 1-A 22-A 2 PT. 23 PT. 3 PT.3 PT. 24 PT OUTLOT E P.26 15TH ST N P.25 P.24 15TH ST N PARCEL A P B9B 9A 10A 1 N TAFT ST 14TH ST N P.26 N UHLE ST PT. 13 PT. 14 PT.12 PT PARCEL B-2 PT. 13 PT TH ST N PARCEL A PARCEL A PARCEL B-1 PT. 1 PT PT. 1 PT A PT TH ST N A 4 N SCOTT ST PARCEL A PARCEL 16 13TH ST N N TAFT ST 10 PT. 11 PT PT.16 PT.15 PT Feet PARCEL A-2 is for general information only and shall not be used for the design, modification, or 12TH CT N / Pursuant to Section of the Code of Virginia, any determination of topography or contours, or any depiction of physical improvements, property lines or boundaries construction of improvements to real property or for flood plain determination. Aerial Photography flown February 2009 Easement Locations are Approximate. Map prepared by Arlington County GIS Mapping Center Produced and August 2011 PARCEL B RAMP 14 FAIRFAX DR ARLINGTON BLVD

47 6 10 Vicinity Map th ST N RPC# & PT PT.11 PT.12 8 PT PT. 14 PT PT. 14 PT TH ST N PT PT. 2 PAR CEL A T PT. 2 PT HOUSE R N TROY S N COURT D / Pursuant to Section of the Code of Virginia, any determination of topography or contours, or any depiction of physical improvements, property lines or boundaries is for general information only and shall not be used for the design, modification, or construction of improvements to real property or for flood plain determination. Aerial Photography flown February 2009 Easement Locations are Approximate. Map prepared by Arlington County GIS Mapping Center Produced and August 2011 PT Feet HS T 3 1 TN