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Meridian Tower

500 108th Avenue NE, Bellevue, WA 98004 · Office · 142,300 SF · Built 1989 (renovated 2016) · Meridian Office Investors LLC

LeasesPuget Sound CPA Group → Draft a document

Lease extension — Puget Sound CPA Group

Step 1 sets the assumptions, pulled from this lease. Step 2 drafts the document from those assumptions. Nothing is filed until you save it, and what you save is stored as a versioned draft on this lease.

1 Assumptions

Change any assumption and re-draft — the figures below recalculate from this lease.

What the draft will say

LandlordMeridian Office Investors LLC
TenantPuget Sound CPA Group
PremisesSuite 340 · 5,200 SF
Current expirationJul 31, 2027
New termAug 01, 2027 – Jul 31, 2032
Current rent$42.50/SF · $221,000/yr
New rent (+3.0%)$43.77/SF · $227,604/yr
Monthly$18,417 → $18,967
Annual uplift$6,604
Escalation2.5% per year
Options remaining0
StructureGross

Rent math: $42.50 × (1 + 3.0%) = $43.77/SF; × 5,200 SF = $227,604 per year.