|
The Pinnacle
LANDLORD PROPOSAL |
One Alliance Center
LANDLORD PROPOSAL |
The Sovereign Building
LANDLORD PROPOSAL |
| Street Address | 3333 Peachtree Road | 3455 Peachtree Rd | 3500 Lenox Road | 3344 Peachtree |
|---|---|---|---|---|
| City, State Zip | Atlanta, GA 30326 | Atlanta, GA 30326 | Atlanta, GA 30326 | Atlanta, GA 30326 |
| Property Level Report | View report | View report | View report | View report |
| Building Class | Class A | Class A | Class A | Class A |
| Parking Ratio | 2.5/1,000sf | 2.96/1,000sf | 2.62/1,000sf | 4.4/1,000sf |
| TI Allowance | $0.00 per RSF | $0.00 per RSF | $0.00 per RSF | $0.00 per RSF |
| Lease Structure | Full Service | Full Service | Full Service | Full Service |
| Lease Term | 66 months | 67 months | 64 months | 65 months |
| Commencement Date | 01/01/2015 | 01/01/2015 | 01/01/2015 | 01/01/2015 |
| Expiration Date | 06/30/2020 | 07/31/2020 | 04/30/2020 | 05/31/2020 |
| Concessions / Incentives | 6 months free | 7 months free (offered as 14 months of 1/2 rent) | 4 months free | 5 months free |
| Rentable Area | 5,000 SF | 4,908 SF | 6,200 SF | 5,600 SF |
| Useable Area | 4,238 SF | 4,142 SF | 5,255 SF | 4,706 SF |
| Load Factor | 18% | 18.50% | 18% | 19% |
| Avg. Total Cost / rsf | 28.41 | 1.86 | 3.39 | 7.81 |
| NPV of Total Cost / year / rsf | 22.4822.48 | 1.39 | 3.04 | 6.42 |
| NPV of Total Cost / year / usf | 26.5326.53 | 1.76 | 3.58 | 7.86 |
| Effective Rent | 28.4128.41 | 1.86 | 3.39 | 7.81 |
| Avg. Monthly Base Rent | 11,83911,839 | 541 | 4,591 | 5,065 |
| Avg. Monthly Occupancy Cost | 11,839 | 541 | 4,591 | 5,065 |
| NPV of Total Cost Per Month | 9,368 | 397 | 3,818 | 4,118 |
| Avg. Annual Base Rent | 142,068 | 6,492 | 55,097 | 60,779 |
| Avg. Annual Occupancy Cost | 142,068 | 6,492 | 55,097 | 60,779 |
| NPV of Total Cost Per Annum | 112,419 | 4,759 | 45,814 | 49,416 |
| NPV of Base Rent @ 8.0% | 618,181 | 35,932 | 225,595 | 258,270 |
| NPV of Total Cost @ 8.0% | 618,305 | 35,942 | 225,607 | 258,303 |
| Total Base Rent | 781,372 | 48,086 | 270,174 | 317,380 |
| Total Occupancy Cost | 781,372 | 48,086 | 270,174 | 317,380 |
| Total Deal Cost | 781,372 | 48,086 | 270,174 | 317,380 |
| Base Rent Schedule | ||||
|---|---|---|---|---|
| Year 1 | 14.50 | 1.25 | 6.83 | 6.79 |
| Year 2 | 29.87 | 0.20 | 2.93 | 7.73 |
| Year 3 | 30.77 | 2.49 | 2.85 | 7.96 |
| Year 4 | 31.69 | 2.48 | 2.77 | 8.20 |
| Year 5 | 32.64 | 2.47 | 2.68 | 8.44 |
| Year 6 | 16.81 | 4.23 | 4.74 | 0.82 |
| Avg. Base Rent | 28.41 | 1.86 | 3.39 | 7.81 |
| Total Annual Cost | ||||
|---|---|---|---|---|
| Expenses & Credits | - | - | - | - |
| Year 1 | 72,500 | 4,801 | 59,767 | 46,733 |
| Year 2 | 149,350 | 3,734 | 54,010 | 61,182 |
| Year 3 | 153,831 | 9,392 | 54,614 | 63,017 |
| Year 4 | 158,445 | 9,265 | 55,210 | 64,908 |
| Year 5 | 163,199 | 9,124 | 55,798 | 66,855 |
| Year 6 | 84,047 | 19,239 | 9,224 | 14,684 |
| Total Deal Cost | 781,372 | 48,086 | 270,174 | 317,380 |