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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 → Beacon Hill Ventures → Draft a document

Lease extension — Beacon Hill Ventures

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
TenantBeacon Hill Ventures
PremisesSuite 880 · 1,500 SF
Current expirationMar 31, 2028
New termApr 01, 2028 – Mar 31, 2033
Current rent$45.00/SF · $67,500/yr
New rent (+3.0%)$46.35/SF · $69,525/yr
Monthly$5,625 → $5,794
Annual uplift$2,025
Escalation3.0% per year
Options remaining0
StructureGross

Rent math: $45.00 × (1 + 3.0%) = $46.35/SF; × 1,500 SF = $69,525 per year.