|
Atlanta Financial Center
LANDLORD PROPOSAL |
The Pinnacle
LANDLORD PROPOSAL |
One Alliance Center
LANDLORD PROPOSAL |
| Street Address | 3344 Peachtree | 3333 Peachtree Road | 3455 Peachtree Rd | 3500 Lenox Road |
|---|---|---|---|---|
| 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 | 4.4/1,000sf | 2.5/1,000sf | 2.96/1,000sf | 2.62/1,000sf |
| 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 | 65 months | 66 months | 67 months | 64 months |
| Commencement Date | 01/01/2015 | 01/01/2015 | 01/01/2015 | 01/01/2015 |
| Expiration Date | 05/31/2020 | 06/30/2020 | 07/31/2020 | 04/30/2020 |
| Concessions / Incentives | 5 months free | 6 months free | 7 months free (offered as 14 months of 1/2 rent) | 4 months free |
| Rentable Area | 5,600 SF | 5,000 SF | 4,908 SF | 6,200 SF |
| Useable Area | 4,706 SF | 4,238 SF | 4,142 SF | 5,255 SF |
| Load Factor | 19% | 18% | 18.50% | 18% |
| Avg. Total Cost / rsf | 36.22 | 7.81 | 5.95 | 4.42 |
| NPV of Total Cost / year / rsf | 28.9028.90 | 6.42 | 5.02 | 3.38 |
| NPV of Total Cost / year / usf | 34.3934.39 | 7.86 | 6.10 | 4.28 |
| Effective Rent | 36.2236.22 | 7.81 | 5.95 | 4.42 |
| Avg. Monthly Base Rent | 16,90416,904 | 5,065 | 4,524 | 473 |
| Avg. Monthly Occupancy Cost | 16,904 | 5,065 | 4,524 | 473 |
| NPV of Total Cost Per Month | 13,486 | 4,118 | 3,721 | 300 |
| Avg. Annual Base Rent | 202,847 | 60,779 | 54,287 | 5,682 |
| Avg. Annual Occupancy Cost | 202,847 | 60,779 | 54,287 | 5,682 |
| NPV of Total Cost Per Annum | 161,835 | 49,416 | 44,657 | 3,602 |
| NPV of Base Rent @ 8.0% | 876,451 | 258,270 | 222,338 | 32,675 |
| NPV of Total Cost @ 8.0% | 876,608 | 258,303 | 222,361 | 32,696 |
| Total Base Rent | 1,098,752 | 317,380 | 269,294 | 47,206 |
| Total Occupancy Cost | 1,098,752 | 317,380 | 269,294 | 47,206 |
| Total Deal Cost | 1,098,752 | 317,380 | 269,294 | 47,206 |
| Base Rent Schedule | ||||
|---|---|---|---|---|
| Year 1 | 21.29 | 6.79 | 5.54 | 0.04 |
| Year 2 | 37.60 | 7.73 | 7.93 | 4.80 |
| Year 3 | 38.72 | 7.96 | 5.47 | 5.10 |
| Year 4 | 39.88 | 8.20 | 5.71 | 5.42 |
| Year 5 | 41.08 | 8.44 | 5.97 | 5.76 |
| Year 6 | 17.63 | 0.82 | 3.41 | 5.56 |
| Avg. Base Rent | 36.22 | 7.81 | 5.95 | 4.42 |
| Total Annual Cost | ||||
|---|---|---|---|---|
| Expenses & Credits | - | - | - | - |
| Year 1 | 119,233 | 46,733 | 41,932 | 13,033 |
| Year 2 | 210,532 | 61,182 | 64,916 | 7,172 |
| Year 3 | 216,848 | 63,017 | 53,626 | 8,404 |
| Year 4 | 223,353 | 64,908 | 55,643 | 9,698 |
| Year 5 | 230,054 | 66,855 | 57,731 | 11,058 |
| Year 6 | 98,732 | 14,684 | 4,554 | 23,908 |
| Total Deal Cost | 1,098,752 | 317,380 | 269,294 | 47,206 |