Tuesday, July 26, 2011

building update

I've been gone the past week on our family vacation. But, the negotiations and search for a new location have gone forward.

Before I left, our broker, Barry Slotten, had me look at a building off Hibert St in Scripps Ranch. It's by the Chuck-E-Cheese and Jeromes Furniture. It is 2 seperate suites divided by one tenant between them. The first one is 3840 sq ft, which would be used for our sancuary and church offices. The second is 2773 sq ft, which would be used for nursary, Kidz Life, Youth and a kitchen. We have started negotiations with the owners - here’s a summary of the points:

· They agreed to a $.69 psf beginning rate plus the $.25 NNN’s (so, $.94 on a gross basis), with 4% annual increases.

· They agreed to the $3.00 psf tenant improvement allowance (total of $19,839 towards TI’s)l

· They agreed to 4 months of rental abatement.

They will give us a 6-month temporary lease, during which we can run any/all of our administration and other office functions, but not our actual church services. During this time, we will apply for and secure a Conditional Use Permit. If we are unsuccessful in obtaining the C.U.P., the lease will terminate and landlord will refund our security deposit.

· Upon obtaining the C.U.P., we will roll into a 5 year lease.


What we haven't agreed upon is who will pay for the C.U.P. process and how much rent we will pay during that 6 month period. We are also getting an estimate of what it will cost above the $20,000 they will give us to get this location ready for our use.

If you would like to drive by the location it is 9899 Hibert St suites C,D, F.

As always, please pray for our church as we continue to move forward.

Wednesday, July 13, 2011

Church update

Sorry I haven't updated our building search in awhile. I've been waiting for that one great opportunity to come through. Anyways, here is the latest...

We looked at a building in RB that was in a good location but would require a lot of tenant Improvements. When we asked if the owners would be willing to contribute to this expense they declined. As we have learned from all our previous construction estimates, tenant improvements can be expensive. So we have backed away from opportunity.

We looked a building in Sabre Springs but the owner had a bad experience with a previous church and did not want to consider allowing another church.

Barry Slotten, our church broker is continuing to look for a building suitable to meeting our needs.

In our search to find a better school or facility to hold our Sunday services we have one great opportunity that we are pursuing. Pomerado Elementary is a nice location but parking can be an issue when to many activities are happening at the same time. We have submitted an offer to lease, on the weekends, what used to be Maranatha Chapel in PQ. It is located right off the 56 and Black Mountain Rd. We hope to hear back from them this week. This location would allow us to leave stuff set up for some of the time and store all of our equipment on the premises. In addition we would have use of the facilities all day on Sunday.

I would ask all of you to continue praying that Gods will would be done in all that we are trying to do.

Until my next update - God bless