Rentable Area 124,800 SF |
Lease Term 60 months |
Commencement Date 05/07/2013 |
TI Allowance $3.50 per RSF |
Landlord Duke Realty |
Building Class Class A |
Dock description 16 Dock doors (9' x10') |
Lease Structure Modified Gross |
Power 2,500 amps; 480 volt; 3-phase |
Column Spacing 40' x 40' column spacing |
Sprinklers ESFR sprinkler system |
Total Deal Cost $2,866,032 |
NPV of Total Cost @ 8.0% $2,362,674 |
Key Lease Metrics | 1 | 2 | 3 | 4 | 5 | |
Period Ending | Average | 05/2014 | 05/2015 | 05/2016 | 05/2017 | 05/2018 |
Months in Period | 12 | 12 | 12 | 12 | 12 | |
Base Rent per RSF | 2.86 | 2.75 | 2.81 | 2.86 | 2.92 | 2.98 |
Expenses per RSF | 1.73 | 1.63 | 1.68 | 1.73 | 1.78 | 1.83 |
Total Cost per RSF | 4.59 | 4.384.38 | 4.484.48 | 4.594.59 | 4.704.70 | 4.814.81 |
Average Monthly Cost | 47,767 | 45,552 45,552 | 46,633 46,633 | 47,740 47,740 | 48,874 48,874 | 50,037 50,037 |
Per Annum Total | 573,206 | 546,624 546,624 | 559,591 559,591 | 572,878 572,878 | 586,493 586,493 | 600,446 600,446 |
Cumulative Total | 546,624 546,624 | 1,106,215 1,106,215 | 1,679,093 1,679,093 | 2,265,586 2,265,586 | 2,866,032 2,866,032 |
Annual Financial Detail | 1 | 2 | 3 | 4 | 5 | |
Period Ending | Average | 05/2014 | 05/2015 | 05/2016 | 05/2017 | 05/2018 |
Base Rent | 357,205 | 343,200343,200 | 350,064350,064 | 357,065357,065 | 364,207364,207 | 371,491371,491 |
Total Rent | 357,205 | 343,200343,200 | 350,064350,064 | 357,065357,065 | 364,207364,207 | 371,491371,491 |
Expenses | ||||||
Property Taxes | 139,142 | 131,040131,040 | 134,971134,971 | 139,020139,020 | 143,191143,191 | 147,487147,487 |
CAM & Mgmt Fee | 76,859 | 72,38472,384 | 74,55674,556 | 76,79276,792 | 79,09679,096 | 81,46981,469 |
Total Expenses | 216,001 | 203,424203,424 | 209,527209,527 | 215,813215,813 | 222,287222,287 | 228,956228,956 |