Introduction of Ordinance to Approve
Lease for Building 25 (1951 Monarch)
with Alameda Point Beverage Group.
July 2, 2024
Building 25: 1951 Monarch St., Hanger 200
• Located at south end of Spirits Alley
• Building 25 is approx. 54,450 SF
• Divided in to 3 hangers
• Hanger 200 is approx. 19,074 SF
• Other occupants include wineries & barrel
storage
• Location is within the footprint of the planned
De-Pave Park
• Council direction to maximize revenue
generating uses of Building 25 until
construction of the park is ready to begin
Natel Energy
Alameda Point Beverage Group
• Company was founded in 2016
• Creates various flavors of soda - such as
Hangar 25 Cola, Golden Gate Orange and
Lost Island Ginger Beer
• Products made with natural ingredients
• Soda can be purchased on-line or in
stores and found in many in restaurants.
• Leased space from City since May of 2014
3 Use: Warehouse, beverage distribution, food grade equipment leasing, maintenance and repair, beverage bottling, and retail fountain bar
Premises: Interior space plus non-exclusive vehicular access and parking & exterior yard area Term: twenty-five (25) months to be coterminous with adjacent leases.
Rent: $14,198 per month w/ 3% increase in year 2.
Tenant pays share of all services, utilities and taxes (including possessory interest taxes) As-is condition, no-rent credits
Lease Terms
Year
Monthly
Rent Annual Rent Approx. PSF
1 $14,198 $170,376 $0.74
2 $14,908 $193,803 $0.78
Total over 25 months $364,179
• Use: Warehouse, beverage distribution, food grade equipment leasing, maintenance and repair, beverage bottling, and retail fountain bar
• Premises: Interior space plus non-exclusive vehicular access and parking & exterior yard area • Term: twenty-five (25) month amendment, makes lease coterminous with adjacent leases in Building 25.
• Rent: $14,198 per month w/ 3% increase in year 2.
• Tenant pays share of all services, utilities and taxes (including possessory interest taxes) • As-is condition, no-rent credits
• Hold Public Hearing, and
• Approve introduction of ordinance
approving lease amendment with
Alameda Beverage Group, a
California Corporation
Recommendation