| Addresses Associated with this Lease |
| Address | City, State, Zip | Property Name | Long Name | Address Detail |
|
6201 S Fairfield Ave
|
Chicago IL 60629
|
Fairfield Academy (formerly Marquette East)
|
Fairfield Elementary Academy
|
View
|
|
|
| Lease Information |
| Description: |
Fairfield Academy at St. Rita of Cascia
|
| Lease or License Type: |
Board as tenant
|
| Lessor or Licensor: |
Archdiocese
|
| Lessee or Licensee: |
CPS
|
| Board Report: |
24-1212-OP1
|
| Effective Date: |
07/01/2025
|
| Termination Date: |
06/30/2035
|
| Annual Rent: |
See below
|
| Maintenance: |
CPS
|
| Capital Improvements |
CPS
|
| Utilities: |
CPS
|
| Other Expenses: |
Air Conditioning
|
| Notes |
Base rent:
7/1/2025-6/30/2026 $685,565.90; $57,130.49/mo
7/1/2026-6/30/2027 $709,560.70; $59,130.06/mo
7/1/2027-6/30/2028 $734,395.33; $61,199.61/mo
7/1/2028-6/30/2029 $760,099.17; $63,341.60/mo
7/1/2029-6/30/2030 $786,702.64; $65,558.55/mo
7/1/2030-6/30/2031 $814,237.23; $67,853.10/mo
7/1/2031-6/30/2032 $842,735.53; $70,227.96/mo
7/1/2032-6/30/2033 $872,231.28; $72,685.94/mo
7/1/2033-6/30/2034 $902,759.37; $75,229.95/mo
7/1/2034-6/30/2035 $934,355.95; $77,863.00/mo
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