MovementMortgage_OM_Sept 5
NOTES TO CASH FLOW
GLOBAL ASSUMPTIONS
MARKET LEASE ASSUMPTIONS OFFICE
ANALYSIS PERIOD Commencement Date
Jan 1, 2020 Dec 31, 2030
RENEWAL PROBABILITY
90%
End Date
Analysis Length
11 years
FINANCIAL TERMS 2019 Market Rent
AREA MEASURE Building Square Feet
$16.00 PSF
205,430 SF
Annual Rent Escalations
2.00% 5 years
Occupancy (as of 1/2020)
100%
Lease Term
GROWTH RATES General Inflation Operating Expenses Real Estate Taxes
Expense Reimbursement
NNN
2.50% 2.50% 2.50%
LEASING COSTS TENANT IMPROVEMENTS
PSF
2021 2022 2023 2024
3.00% 3.00% 3.00% 3.00% 3.00%
New
$35.00 $10.00 $16.25
Renewal Weighted
Market Rent Growth
2025+
LEASING COMMISSIONS New
GENERAL VACANCY
N/A
6.00% 4.00% 4.50%
Renewal Weighted
DOWNTIME New
OPERATING EXPENSES
6 months 2 months
OPERATING EXPENSE SOURCE
Estimates
Weighted
CUSHMAN & WAKEFIELD
52
Made with FlippingBook flipbook maker