|
Atlanta Financial Center
LANDLORD PROPOSAL |
The Pinnacle
LANDLORD PROPOSAL |
The Sovereign Building
LANDLORD PROPOSAL |
| Street Address | 3500 Lenox Road | 3333 Peachtree Road | 3455 Peachtree Rd | 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 | 2.62/1,000sf | 2.5/1,000sf | 2.96/1,000sf | 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 | 64 months | 66 months | 67 months | 65 months |
| Commencement Date | 01/01/2015 | 01/01/2015 | 01/01/2015 | 01/01/2015 |
| Expiration Date | 04/30/2020 | 06/30/2020 | 07/31/2020 | 05/31/2020 |
| Concessions / Incentives | 4 months free | 6 months free | 7 months free (offered as 14 months of 1/2 rent) | 5 months free |
| Rentable Area | 6,200 SF | 5,000 SF | 4,908 SF | 5,600 SF |
| Useable Area | 5,255 SF | 4,238 SF | 4,142 SF | 4,706 SF |
| Load Factor | 18% | 18% | 18.50% | 19% |
| Avg. Total Cost / rsf | 31.80 | 3.39 | 1.53 | 4.42 |
| NPV of Total Cost / year / rsf | 25.5225.52 | 3.04 | 1.65 | 3.38 |
| NPV of Total Cost / year / usf | 30.1130.11 | 3.58 | 1.82 | 4.28 |
| Effective Rent | 31.8031.80 | 3.39 | 1.53 | 4.42 |
| Avg. Monthly Base Rent | 16,43016,430 | 4,591 | 4,050 | 473 |
| Avg. Monthly Occupancy Cost | 16,430 | 4,591 | 4,050 | 473 |
| NPV of Total Cost Per Month | 13,186 | 3,818 | 3,421 | 300 |
| Avg. Annual Base Rent | 197,165 | 55,097 | 48,605 | 5,682 |
| Avg. Annual Occupancy Cost | 197,165 | 55,097 | 48,605 | 5,682 |
| NPV of Total Cost Per Annum | 158,233 | 45,814 | 41,055 | 3,602 |
| NPV of Base Rent @ 8.0% | 843,776 | 225,595 | 189,663 | 32,675 |
| NPV of Total Cost @ 8.0% | 843,912 | 225,607 | 189,666 | 32,696 |
| Total Base Rent | 1,051,546 | 270,174 | 222,088 | 47,206 |
| Total Occupancy Cost | 1,051,546 | 270,174 | 222,088 | 47,206 |
| Total Deal Cost | 1,051,546 | 270,174 | 222,088 | 47,206 |
| Base Rent Schedule | ||||
|---|---|---|---|---|
| Year 1 | 21.33 | 6.83 | 5.58 | 0.04 |
| Year 2 | 32.80 | 2.93 | 3.13 | 4.80 |
| Year 3 | 33.62 | 2.85 | 0.36 | 5.10 |
| Year 4 | 34.46 | 2.77 | 0.29 | 5.42 |
| Year 5 | 35.32 | 2.68 | 0.21 | 5.76 |
| Year 6 | 12.07 | 4.74 | 8.98 | 5.56 |
| Avg. Base Rent | 31.80 | 3.39 | 1.53 | 4.42 |
| Total Annual Cost | ||||
|---|---|---|---|---|
| Expenses & Credits | - | - | - | - |
| Year 1 | 132,267 | 59,767 | 54,966 | 13,033 |
| Year 2 | 203,360 | 54,010 | 57,744 | 7,172 |
| Year 3 | 208,444 | 54,614 | 45,222 | 8,404 |
| Year 4 | 213,655 | 55,210 | 45,944 | 9,698 |
| Year 5 | 218,996 | 55,798 | 46,674 | 11,058 |
| Year 6 | 74,824 | 9,224 | 28,462 | 23,908 |
| Total Deal Cost | 1,051,546 | 270,174 | 222,088 | 47,206 |