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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 → Vantage Design Co → Draft a document

Lease extension — Vantage Design Co

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
TenantVantage Design Co
PremisesSuite 660 · 2,700 SF
Current expirationMay 31, 2029
New termJun 01, 2029 – May 31, 2034
Current rent$41.50/SF · $112,050/yr
New rent (+3.0%)$42.75/SF · $115,425/yr
Monthly$9,338 → $9,619
Annual uplift$3,375
Escalation3.0% per year
Options remaining0
StructureGross

Rent math: $41.50 × (1 + 3.0%) = $42.75/SF; × 2,700 SF = $115,425 per year.