Corona La Linda Mobile Home Park Media Library

The proposed Long-Term Lease Agreements from Sierra Corporate Management are 15 years at 7.0%, 20 years at 6.0% or 25 years with escalated annual rent increases starting at 3.5% or CPI, whichever is greater. Shown below are ten (10) year forecasts based on Escalated 3.5%-5.0%, 3.0%, 5.0%, 6.0% and 7.0% annual space rent increases.

At years 10 thru 25 we show just the Escalated Space Rent compared to a maximum 3.0% increase.

• 15-year Long Term Lease, with a 7% increase annually.
• 20-year Long Term Lease, with a 6% increase annually.
• 25-year Long Term Lease, with an escalated rent increase annually as follows:
  • 2017 – 3.50% or CPI, whichever is greater.
  • 2018 – 4.00% or CPI, whichever is greater.
  • 2019 – 4.25% or CPI, whichever is greater.
  • 2020 – 4.75% or CPI, whichever is greater.
  • 2021 – 5.00% or CPI, whichever is greater.
  • Each year thereafter 5.00% or CPI, whichever is greater.

Actual Space Rent Increases 2002-2017
Kort & Scott Purchase: May 2015