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Using XLS create a rollover analysis for the following tenant Joes Pizza. Identify the four rollover costs for an assumed rollover next year of this
- Using XLS create a rollover analysis for the following tenant Joes Pizza. Identify the four rollover costs for an assumed rollover next year of this lease.
- Occupies 10,000 SF. Rent $20.00 SF for new and relet, Tenant pays NNN and opex is estimated at $2.00/SF, Lease term ends 13 months from now.
- New Tenant Improvements are $10.00 SF, 6% Leasing Commission for each year of new lease.
- Renewal Tenants Improvements are $1.00 SF, 3% Leasing Commission for each year of a renewal lease.
- Lease term 5 years.
- Downtime is 12 months
- Renewal probability 60%
- Occupies 10,000 SF. Rent $20.00 SF for new and relet, Tenant pays NNN and opex is estimated at $2.00/SF, Lease term ends 13 months from now.
- New Tenant Improvements are $10.00 SF, 6% Leasing Commission for each year of new lease.
- Renewal Tenants Improvements are $1.00 SF, 3% Leasing Commission for each year of a renewal lease.
- Lease term 5 years.
- Downtime is 12 months
- Renewal probability 60%
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