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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

LeasesTrueNorth Engineering → Draft a document

Lease extension — TrueNorth Engineering

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
TenantTrueNorth Engineering
PremisesSuite 750 · 4,100 SF
Current expirationOct 31, 2027
New termNov 01, 2027 – Oct 31, 2032
Current rent$43.00/SF · $176,300/yr
New rent (+3.0%)$44.29/SF · $181,589/yr
Monthly$14,692 → $15,132
Annual uplift$5,289
Escalation2.5% per year
Options remaining0
StructureGross

Rent math: $43.00 × (1 + 3.0%) = $44.29/SF; × 4,100 SF = $181,589 per year.