|
Crossroads 2 Original
LANDLORD PROPOSAL |
Crossroads 2 - Final
SIGNED LEASE |
| Street Address | 1255 Schmidt Road | 1255 Schmidt Road |
|---|---|---|
| City, State Zip | Romeoville, IL 60446 | Romeoville, IL 60446 |
| Property Level Report | View report | View report |
| Building Class | Class A | Class A |
| TI Allowance | $3.50 per RSF | $5.00 per RSF |
| Lease Structure | Modified Gross | Modified Gross |
| Lease Term | 60 months | 60 months |
| Commencement Date | 05/07/2013 | 05/07/2013 |
| Concessions / Incentives | 3 months free rent | |
| Rentable Area | 124,800 SF | 124,800 SF |
| Avg. Total Cost / rsf | 4.59 | 4.36 |
| NPV of Total Cost / year / rsf | 3.793.79 | 3.573.57 |
| Effective Rent | 3.89 | 3.36 |
| Avg. Monthly Base Rent | 29,76729,767 | 27,30727,307 |
| Avg. Monthly Occupancy Cost | 47,767 | 45,307 |
| NPV of Total Cost Per Month | 39,378 | 37,116 |
| NPV of Total Cost Per Year | 472,535472,535 | 445,394445,394 |
| Avg. Annual Base Rent | 357,205357,205 | 327,680327,680 |
| Avg. Annual Occupancy Cost | 573,206 | 543,681 |
| NPV of Base Rent @ 8.0% | 1,473,2041,473,204 | 1,337,4991,337,499 |
| NPV of Total Cost @ 8.0% | 2,362,6742,362,674 | 2,226,9682,226,968 |
| Total Base Rent | 1,786,0271,786,027 | 1,638,4001,638,400 |
| Total Occupancy Cost | 2,866,0322,866,032 | 2,718,4062,718,406 |
| Total Deal Cost | 2,866,032 | 2,718,406 |
| Total Cost per RSF | ||
|---|---|---|
| Year 1 | 4.38 | 3.62 |
| Year 2 | 4.48 | 4.38 |
| Year 3 | 4.59 | 4.49 |
| Year 4 | 4.70 | 4.59 |
| Year 5 | 4.81 | 4.70 |
| Avg. Total Cost per RSF | 4.59 | 4.36 |
| Total Annual Cost | ||
|---|---|---|
| Expenses & Credits | - | - |
| Year 1 | 546,624 | 451,464 |
| Year 2 | 559,591 | 546,861 |
| Year 3 | 572,878 | 559,894 |
| Year 4 | 586,493 | 573,250 |
| Year 5 | 600,446 | 586,937 |
| Total Deal Cost | 2,866,032 | 2,718,406 |
