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
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        
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        
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