Wells Fargo Center
LANDLORD PROPOSAL
Columbia Center
LANDLORD COUNTER
City Centre
TENANT COUNTER
Street Address 505 5th Ave S 999 3rd Avenue 701 5th Ave 1420 5th Avenue
City, State Zip Seattle, Washington 98104 Seattle, Washington 98104 Seattle, Washington 98104 Seattle, WA 98101
Country US US US USA
Property Level Report View report View report View report View report
 
Building Class Class A Class AA Class A Class A
Security Deposit - $100,000 $50,000 $100,000
Parking Ratio 5 per 1,000 1 per 1,000 4 per 1,000 2 per 1,000
TI Allowance $35.00 per RSF $50.00 per RSF $50.00 per RSF $50.00 per RSF
Lease Structure Full Service Modified Net Full Service Full Service
Lease Term 72 months 60 months 84 months 84 months
Commencement Date 04/29/2013 05/15/2013 03/19/2013 06/13/2013
Expiration Date 04/28/2019 05/14/2018 03/18/2020 06/12/2020
 
Rentable Area 100,000 SF 100,000 SF 100,000 SF 105,000 SF
Useable Area 90,091 SF 87,720 SF 84,746 SF 91,305 SF
Load Factor 11% 14% 18% 15%
 
Avg. Total Cost / rsf 23.58 3.35 2.01 0.08
NPV of Total Cost / year / rsf 19.1219.12 1.38 3.58 5.82
NPV of Total Cost / year / usf 21.2221.22 2.15 5.57 7.45
Effective Rent 18.7018.70 4.15 4.39 6.42
 
Avg. Monthly Base Rent 196,528196,528 27,890 16,766 10,503
Avg. Monthly Occupancy Cost 203,034 1,560 47,675 78,083
NPV of Total Cost Per Month 159,294 11,527 29,856 58,847
 
Avg. Annual Base Rent 2,358,333 334,679 201,190 126,042
Avg. Annual Occupancy Cost 2,436,402 18,714 572,101 936,996
NPV of Total Cost Per Annum 1,911,526 138,328 358,274 706,159
 
NPV of Base Rent @ 8.0% 10,980,776 2,732,596 263,271 2,205,251
NPV of Total Cost @ 8.0% 11,469,156 1,219,887 4,419,446 6,854,637
 
Total Base Rent 14,150,000 4,031,728 950,000 3,240,625
Total Occupancy Cost 14,618,415 2,342,832 6,441,111 8,995,376
Total Deal Cost 14,768,415 2,292,832 6,441,111 9,245,376
Base Rent Schedule        
Year 1 11.50 3.50 1.50 9.58
Year 2 24.00 3.40 3.00 2.46
Year 3 25.00 3.78 3.00 3.00
Year 4 26.00 4.15 3.00 1.50
Year 5 27.00 4.49 3.00 2.00
Year 6 28.00 - 3.00 2.50
Year 7 - - - -
Avg. Base Rent 23.58 3.35 2.01 0.08
Total Annual Cost        
Expenses & Credits 150,000 150,000 50,000 350,000
Year 1 1,150,000 732,000 483,333 1,798,750
Year 2 2,430,000 36,000 421,000 615,700
Year 3 2,560,901 8,380 442,630 583,215
Year 4 2,692,728 51,092 464,909 765,686
Year 5 2,825,510 92,084 487,856 738,757
Year 6 2,959,276 - 511,492 712,445
Year 7 - - - -
Security Deposit Refund - 100,000 50,000 100,000
Total Deal Cost 14,768,415 2,292,832 6,441,111 9,245,376