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All properties, tenants, documents and figures in this workspace are fictional. Actions that would change a real record are clearly marked.

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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 → Sound Physical Therapy → Draft a document

Lease extension — Sound Physical Therapy

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
TenantSound Physical Therapy
PremisesSuite A-130 · 3,600 SF
Current expirationNov 30, 2029
New termDec 01, 2029 – Nov 30, 2034
Current rent$33.75/SF · $121,500/yr
New rent (+3.0%)$34.76/SF · $125,136/yr
Monthly$10,125 → $10,428
Annual uplift$3,636
Escalation2.5% per year
Options remaining0
StructureNNN

Rent math: $33.75 × (1 + 3.0%) = $34.76/SF; × 3,600 SF = $125,136 per year.