Original to Final Terms Comparison

Crossroads 2 Original
LANDLORD PROPOSAL
1255 Schmidt Road
Romeoville, IL 60446
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
Expenses and Credits 0 1 2 3 4 5
Landlord Credits            
TI Allowance (436,800)          
Tenant Cash Outlay            
Buildout Expense 436,800          
Total Expenses & Credits