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Northgate Plaza

14210 Juanita Drive NE, Kirkland, WA 98034 · Retail · 68,400 SF · Built 1998 (renovated 2015) · Northgate Retail Partners LLC

Leases → Northgate Cuts → Draft a document

Lease extension — Northgate Cuts

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

LandlordNorthgate Retail Partners LLC
TenantNorthgate Cuts
PremisesSuite A-125 · 2,400 SF
Current expirationOct 31, 2027
New termNov 01, 2027 – Oct 31, 2032
Current rent$35.00/SF · $84,000/yr
New rent (+3.0%)$36.05/SF · $86,520/yr
Monthly$7,000 → $7,210
Annual uplift$2,520
Escalation3.0% per year
Options remaining0
StructureNNN

Rent math: $35.00 × (1 + 3.0%) = $36.05/SF; × 2,400 SF = $86,520 per year.