Atlanta Financial Center
LANDLORD PROPOSAL |
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 |
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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 | 30.27 | 31.80 | 36.22 |
NPV of Total Cost / year / rsf | 22.4822.48 | 23.8723.87 | 25.5225.52 | 28.9028.90 |
NPV of Total Cost / year / usf | 26.5326.53 | 28.2928.29 | 30.1130.11 | 34.3934.39 |
Effective Rent | 28.41 | 30.27 | 31.80 | 36.22 |
Avg. Monthly Base Rent | 11,83911,839 | 12,38012,380 | 16,43016,430 | 16,90416,904 |
Avg. Monthly Occupancy Cost | 11,839 | 12,380 | 16,430 | 16,904 |
NPV of Total Cost Per Month | 9,368 | 9,765 | 13,186 | 13,486 |
NPV of Total Cost Per Year | 112,419112,419 | 117,178117,178 | 158,233158,233 | 161,835161,835 |
Avg. Annual Base Rent | 142,068142,068 | 148,560148,560 | 197,165197,165 | 202,847202,847 |
Avg. Annual Occupancy Cost | 142,068 | 148,560 | 197,165 | 202,847 |
NPV of Base Rent @ 8.0% | 618,181618,181 | 654,113654,113 | 843,776843,776 | 876,451876,451 |
NPV of Total Cost @ 8.0% | 618,305618,305 | 654,246654,246 | 843,912843,912 | 876,608876,608 |
Total Base Rent | 781,372781,372 | 829,458829,458 | 1,051,5461,051,546 | 1,098,7521,098,752 |
Total Occupancy Cost | 781,372781,372 | 829,458829,458 | 1,051,5461,051,546 | 1,098,7521,098,752 |
Total Deal Cost | 781,372 | 829,458 | 1,051,546 | 1,098,752 |
Total Cost per RSF | ||||
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Year 1 | 14.50 | 15.75 | 21.33 | 21.29 |
Year 2 | 29.87 | 29.67 | 32.80 | 37.60 |
Year 3 | 30.77 | 33.26 | 33.62 | 38.72 |
Year 4 | 31.69 | 34.17 | 34.46 | 39.88 |
Year 5 | 32.64 | 35.11 | 35.32 | 41.08 |
Year 6 | 16.81 | 21.04 | 12.07 | 17.63 |
Avg. Total Cost per RSF | 28.41 | 30.27 | 31.80 | 36.22 |
Total Annual Cost | ||||
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Expenses & Credits | - | - | - | - |
Year 1 | 72,500 | 77,301 | 132,267 | 119,233 |
Year 2 | 149,350 | 145,616 | 203,360 | 210,532 |
Year 3 | 153,831 | 163,222 | 208,444 | 216,848 |
Year 4 | 158,445 | 167,711 | 213,655 | 223,353 |
Year 5 | 163,199 | 172,323 | 218,996 | 230,054 |
Year 6 | 84,047 | 103,286 | 74,824 | 98,732 |
Total Deal Cost | 781,372 | 829,458 | 1,051,546 | 1,098,752 |