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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 → Interlake Travel Group → Draft a document

Lease extension — Interlake Travel 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
TenantInterlake Travel Group
PremisesSuite 270 · 2,100 SF
Current expirationAug 31, 2029
New termSep 01, 2029 – Aug 31, 2034
Current rent$39.50/SF · $82,950/yr
New rent (+3.0%)$40.69/SF · $85,449/yr
Monthly$6,912 → $7,121
Annual uplift$2,499
Escalation2.5% per year
Options remaining0
StructureGross

Rent math: $39.50 × (1 + 3.0%) = $40.69/SF; × 2,100 SF = $85,449 per year.