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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 → Skyline Mortgage NW → Draft a document

Lease extension — Skyline Mortgage NW

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
TenantSkyline Mortgage NW
PremisesSuite 580 · 2,900 SF
Current expirationSep 30, 2027
New termOct 01, 2027 – Sep 30, 2032
Current rent$42.00/SF · $121,800/yr
New rent (+3.0%)$43.26/SF · $125,454/yr
Monthly$10,150 → $10,454
Annual uplift$3,654
Escalation2.5% per year
Options remaining0
StructureGross

Rent math: $42.00 × (1 + 3.0%) = $43.26/SF; × 2,900 SF = $125,454 per year.