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Option to Market Comparison

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Rentable Area 25,000 SF	Useable Area 22,322 SF	Load Factor 12%	Lease Term 72 months
Commencement Date 02/01/2014	Expiration Date 01/31/2020	Building Class Class AA	Lease Structure Net
Total Deal Cost $6,816,231	NPV of Total Cost @ 8.0% $5,409,893

Key Lease Metrics		1	2	3	4	5	6
Period Ending	Average	02/2015	02/2016	02/2017	02/2018	02/2019	02/2020
Months in Period		12	12	12	12	12	12
Base Rent per RSF	33.64	32.00	32.64	33.29	33.96	34.64	35.33
Expenses per RSF	11.80	11.15	11.40	11.66	11.92	12.19	12.47
Total Cost per RSF	45.44	43.1543.15	44.0444.04	44.9544.95	45.8845.88	46.8346.83	47.8047.80
Average Monthly Cost	94,670	89,900 89,900	91,754 91,754	93,648 93,648	95,582 95,582	97,558 97,558	99,576 99,576
Per Annum Total	1,136,038	1,078,800 1,078,800	1,101,050 1,101,050	1,123,776 1,123,776	1,146,989 1,146,989	1,170,699 1,170,699	1,194,917 1,194,917
Cumulative Total		1,078,800 1,078,800	2,179,850 2,179,850	3,303,626 3,303,626	4,450,615 4,450,615	5,621,314 5,621,314	6,816,231 6,816,231

Annual Financial Detail		1	2	3	4	5	6
Period Ending	Average	02/2015	02/2016	02/2017	02/2018	02/2019	02/2020
Base Rent	841,083	800,000800,000	816,000816,000	832,320832,320	848,966848,966	865,946865,946	883,265883,265
Total Rent	841,083	800,000800,000	816,000816,000	832,320832,320	848,966848,966	865,946865,946	883,265883,265
Expenses
Op Ex	266,156	250,000250,000	256,250256,250	262,656262,656	269,223269,223	275,953275,953	282,852282,852
Parking	28,800	28,80028,800	28,80028,800	28,80028,800	28,80028,800	28,80028,800	28,80028,800
Total Expenses	294,956	278,800278,800	285,050285,050	291,456291,456	298,023298,023	304,753304,753	311,652311,652