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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

Leases → Overlake Title & Escrow → Draft a document

Lease extension — Overlake Title & Escrow

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
TenantOverlake Title & Escrow
PremisesSuite 560 · 4,800 SF
Current expirationDec 31, 2027
New termJan 01, 2028 – Dec 31, 2032
Current rent$41.50/SF · $199,200/yr
New rent (+3.0%)$42.75/SF · $205,200/yr
Monthly$16,600 → $17,100
Annual uplift$6,000
Escalation2.5% per year
Options remaining0
StructureGross

Rent math: $41.50 × (1 + 3.0%) = $42.75/SF; × 4,800 SF = $205,200 per year.