United Bank for Africa- Analysis- 2019-11-07 for Real Estate
Remaining Obligation 1 Rockefeller Plaza - E8
United Bank for Africa | New York
Analysis Detail (Lessee Perspective)
Printed: Nov 7, 2019 at 3:13 PM
Analysis is truncated to Dec. 31, 2039 for common term comparison
Key Assumptions
Required Capital
Hard Construction Soft Costs
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- - - - - - - - -
Analysis Period
Jan. 1, 2020 - Oct. 31, 2021
Analysis Term 1 Yr, 10 Mos
Discount Rate 7.00%/Yr.
2007 2007
Lease Type
Direct
OpEx Base ReTax Base
$18.32/SF $9.80/SF
0.280% Pro Rata
FF&E IT & Security Moving
Total Rentable Area Lease Commencement
20,085 SF Jan. 1, 2020 1 Yr, 10 Mos Oct. 31, 2021 Dec. 31, 2039
0.280% Pro Rata
Submetered Electric Fixed Annual Increase Landlord Contribution Commissions (1.5X)
5% Mark-Up $3.00/SF
Lease Term
None None
Lease Expiration Analysis Truncation
$0K
$0.00/SF
Rent Schedule Initial Free Rent:
Start
End
$/SF/Year
$/Year
None
Total
Tranche 1: Tranche 2: Tranche 3: Tranche 4: Tranche 5: Tranche 6: Tranche 7: Tranche 8:
22 Mos. (1 - 22)
Jan. 1, 2020 Oct. 31, 2021
$75.00/SF
$1,506K
Direct Expenses
- - - - -
- - - - -
Total
12 Mos
10 Mos
22 Mos
Cash Flow | $/SF
2020
2021
2022
2023
2024
2025
2026
2027
2028 2029 2030 2031 2035 2036 2039
Total
NPV @ 7.0% Annuity
Base Rent Free Rent
75.00
62.50
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- - - - - - - - - - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - - - - - - - - - -
137.50
129.44
75.00
1
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-
-
-
-
2
$18.32/SF, 2007 Base $9.80/SF, 2007 Base
Operating Expense Real Estate Tax Miscellaneous 1
8.03
7.46 9.69
15.49 20.60
14.56 19.37
8.43
3
10.91
11.23
4
-
-
-
-
-
5
6 Gross Rent SubTotal
$93.94
$79.65
$173.59 $163.37
$94.66
Commercial Rent Tax Submetered Electric
5% Mark-Up 3.90% of the Gross Rent
3.79 3.15
3.21 2.72
7.00 5.87
6.59 5.52
3.82 3.20
7
8
9 Additional Cost SubTotal
$6.94
$5.93
$12.87
$12.11
$7.01
Required Capital
- - -
- - -
- - -
- - -
- - -
10
Landlord Contribution
11
12 Net Capital
13 Total | $/SF
$100.87 $100.87
$85.58
$186.46 $175.48 $101.67
$102.70
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-
-
-
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-
-
-
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-
Annualized Cost (Omitting 1X Costs)
12 Mos
10 Mos
22 Mos
Cash Flow | $K
2020
2021
2022
2023
2024
2025
2026
2027
2028 2029 2030 2031 2035 2036 2039
Total
NPV @ 7.0% Annuity
1,506K
1,255K
2,762K 2,600K 1,506K
Base Rent Free Rent
14
-
-
-
-
-
15
161K 219K
150K 195K
311K 414K
292K 389K
169K 225K
Operating Expense Real Estate Tax Miscellaneous 1
16
17
-
-
-
-
-
18
19 Gross Rent SubTotal
$1,887K $1,600K
$3,487K $3,281K $1,901K
76K 63K
65K 55K
141K 118K
132K 111K
77K 64K
Commercial Rent Tax Submetered Electric
20
21
22 Additional Cost SubTotal
$139K
$119K
$258K $243K $141K
- -
- -
- -
- -
- -
Required Capital
23
Landlord Contribution
24
25 Net Capital
-
-
-
-
-
26 Total | $K
$2,026K $1,719K $2,026K $2,063K
$3,745K $3,524K $2,042K
Annualized Cost (Omitting 1X Costs)
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-
-
-
-
-
-
-
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Strategic Advisory Group © 2019 Cushman & Wakefield
All information furnished is from sources deemed reliable. No warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change in price, rental or other conditions, prior sale, lease, or financing or withdrawal without notice.
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