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Atlanta Financial Center
LANDLORD PROPOSAL |
One Alliance Center
LANDLORD PROPOSAL |
The Sovereign Building
LANDLORD PROPOSAL |
| Street Address | 3455 Peachtree Rd | 3333 Peachtree Road | 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 | 2.96/1,000sf | 2.5/1,000sf | 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 | 67 months | 66 months | 64 months | 65 months |
| Commencement Date | 01/01/2015 | 01/01/2015 | 01/01/2015 | 01/01/2015 |
| Expiration Date | 07/31/2020 | 06/30/2020 | 04/30/2020 | 05/31/2020 |
| Concessions / Incentives | 7 months free (offered as 14 months of 1/2 rent) | 6 months free | 4 months free | 5 months free |
| Rentable Area | 4,908 SF | 5,000 SF | 6,200 SF | 5,600 SF |
| Useable Area | 4,142 SF | 4,238 SF | 5,255 SF | 4,706 SF |
| Load Factor | 18.50% | 18% | 18% | 19% |
| Avg. Total Cost / rsf | 30.27 | 1.86 | 1.53 | 5.95 |
| NPV of Total Cost / year / rsf | 23.8723.87 | 1.39 | 1.65 | 5.02 |
| NPV of Total Cost / year / usf | 28.2928.29 | 1.76 | 1.82 | 6.10 |
| Effective Rent | 30.2730.27 | 1.86 | 1.53 | 5.95 |
| Avg. Monthly Base Rent | 12,38012,380 | 541 | 4,050 | 4,524 |
| Avg. Monthly Occupancy Cost | 12,380 | 541 | 4,050 | 4,524 |
| NPV of Total Cost Per Month | 9,765 | 397 | 3,421 | 3,721 |
| Avg. Annual Base Rent | 148,560 | 6,492 | 48,605 | 54,287 |
| Avg. Annual Occupancy Cost | 148,560 | 6,492 | 48,605 | 54,287 |
| NPV of Total Cost Per Annum | 117,178 | 4,759 | 41,055 | 44,657 |
| NPV of Base Rent @ 8.0% | 654,113 | 35,932 | 189,663 | 222,338 |
| NPV of Total Cost @ 8.0% | 654,246 | 35,942 | 189,666 | 222,361 |
| Total Base Rent | 829,458 | 48,086 | 222,088 | 269,294 |
| Total Occupancy Cost | 829,458 | 48,086 | 222,088 | 269,294 |
| Total Deal Cost | 829,458 | 48,086 | 222,088 | 269,294 |
| Base Rent Schedule | ||||
|---|---|---|---|---|
| Year 1 | 15.75 | 1.25 | 5.58 | 5.54 |
| Year 2 | 29.67 | 0.20 | 3.13 | 7.93 |
| Year 3 | 33.26 | 2.49 | 0.36 | 5.47 |
| Year 4 | 34.17 | 2.48 | 0.29 | 5.71 |
| Year 5 | 35.11 | 2.47 | 0.21 | 5.97 |
| Year 6 | 21.04 | 4.23 | 8.98 | 3.41 |
| Avg. Base Rent | 30.27 | 1.86 | 1.53 | 5.95 |
| Total Annual Cost | ||||
|---|---|---|---|---|
| Expenses & Credits | - | - | - | - |
| Year 1 | 77,301 | 4,801 | 54,966 | 41,932 |
| Year 2 | 145,616 | 3,734 | 57,744 | 64,916 |
| Year 3 | 163,222 | 9,392 | 45,222 | 53,626 |
| Year 4 | 167,711 | 9,265 | 45,944 | 55,643 |
| Year 5 | 172,323 | 9,124 | 46,674 | 57,731 |
| Year 6 | 103,286 | 19,239 | 28,462 | 4,554 |
| Total Deal Cost | 829,458 | 48,086 | 222,088 | 269,294 |