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NCFPD renews Main Ave. lease


Thursday, December 26th, 2013
Issue 52, Volume 17.
Joe Naiman
Village News Correspondent
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North County Fire Protection District (NCFPD) will keep its administrative headquarters at 330 Main Ave. in Fallbrook for another five years.

A 4-0 NCFPD board vote Dec. 10, with Paul Schaden absent, approved a five-year renewal of the lease agreement. The new lease will expire on Dec. 31, 2018.

"I just think it does provide a good central location for the citizens," said NCFPD deputy fire chief Ed Sprague.

The NCFPD administrative headquarters and fire prevention offices had been in modular buildings behind Station 1 on Ivy Street. The search for more citizen-friendly (or customer-friendly in the case of building plan reviews) facilities led to the initial lease of the Main Ave. building beginning in January 2009.

"We have found since then that it has met our needs very well. It’s a very practical facility with good access for our customers and our citizens," Sprague said.

The initial lease agreement was for a five-year period and thus had an expiration date of Dec. 31, 2013. The 2009 lease amount was $6,000 per month, and an escalation clause increased that rent by three percent each year which equated to a $6,753 monthly rent for 2013. That three percent increase was also the basis for the $6,955 monthly rent NCFPD will pay during 2014, and the renewal of the three percent increase clause will result in a 2018 monthly rent of $7,818. The Main Ave. building consists of approximately 5,000 square feet, so the 2014 rent is approximately $1.40 per square foot which is competitive with similar properties in the downtown Fallbrook area.

NCFPD has tentative long-term plans for a district-owned administrative facility, although no timetable for that headquarters has been set.


 

5 comments

Comment Profile ImageRetroRick
Comment #1 | Thursday, Dec 26, 2013 at 4:47 pm
No one on Main Ave is paying anywhere close to $1.40 per square foot...more like half that. NCFPD is getting hosed and super soaked on this deal, puns intended. There's few, if any, businesses on Main that could survive with that kind of rent.
Comment Profile ImageThe Dude
Comment #2 | Friday, Dec 27, 2013 at 9:24 am
Rick, you must not have noticed the continual turnover of businesses on Main.
Comment Profile ImageOut of touch
Comment #3 | Friday, Dec 27, 2013 at 10:34 am
RetroRick is supremely out of touch. That used to be the case back in about 2011. Things have bounced back. Going rate is $1.45 and up on main.
Comment Profile ImageRetroRick
Comment #4 | Friday, Dec 27, 2013 at 12:39 pm
Out of touch? I own a Main Ave business and pay rent that's half that, like most others. Where has anything "bounced back"? I notice plenty of turnover and business failures exacerbated by rent increases. At that kind of rent, I'd be one of them. Vacancy rates are not better than they have been. NCFPD is getting hosed.
Comment Profile Imageobservant
Comment #5 | Tuesday, Dec 31, 2013 at 6:37 pm
I would think smaller buildings would go for more per square foot than larger ones. This seems like a decent size building for main street.

Why do they need to be on Main Street?

Article Comments are contributed by our readers, and do not necessarily reflect the views of The Fallbrook Village News staff. The name listed as the author for comments cannot be verified; Comment authors are not guaranteed to be who they claim they are.

 

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