Rentable Area 6,200 SF |
Useable Area 5,255 SF |
Load Factor 18% |
Lease Term 64 months |
Commencement Date 01/01/2015 |
Expiration Date 04/30/2020 |
Building Class Class A |
Floor / Suite 1650 |
Parking ratio 2.62/1,000sf |
Lease Structure Full Service |
Renewal options Yes |
Concessions 4 months free |
Expansion rights NO |
Termination rights Yes. A one time right after the 36th month |
Total Deal Cost $1,051,546 |
NPV of Total Cost @ 8.0% $843,912 |
Key Lease Metrics | 1 | 2 | 3 | 4 | 5 | 6 | |
Period Ending | Average | 01/2016 | 01/2017 | 01/2018 | 01/2019 | 01/2020 | 05/2020 |
Months in Period | 12 | 12 | 12 | 12 | 12 | 4 | |
Base Rent per RSF | 31.80 | 21.33 | 32.80 | 33.62 | 34.46 | 35.32 | 12.07 |
Total Cost per RSF | 31.80 | 21.3321.33 | 32.8032.80 | 33.6233.62 | 34.4634.46 | 35.3235.32 | 12.0712.07 |
Average Monthly Cost | 16,430 | 11,022 11,022 | 16,947 16,947 | 17,370 17,370 | 17,805 17,805 | 18,250 18,250 | 6,235 6,235 |
Per Annum Total | 197,165 | 132,267 132,267 | 203,360 203,360 | 208,444 208,444 | 213,655 213,655 | 218,996 218,996 | 74,824 74,824 |
Cumulative Total | 132,267 132,267 | 335,627 335,627 | 544,071 544,071 | 757,726 757,726 | 976,722 976,722 | 1,051,546 1,051,546 |
Annual Financial Detail | 1 | 2 | 3 | 4 | 5 | 6 | |
Period Ending | Average | 01/2016 | 01/2017 | 01/2018 | 01/2019 | 01/2020 | 05/2020 |
Base Rent | 209,565 | 198,400198,400 | 203,360203,360 | 208,444208,444 | 213,655213,655 | 218,996218,996 | 74,82474,824 |
Rent Abatement | (12,400) | (66,133)(66,133) | |||||
Total Rent | 197,165 | 132,267132,267 | 203,360203,360 | 208,444208,444 | 213,655213,655 | 218,996218,996 | 74,82474,824 |