Rental Cost - STC space at AYH
Scenario A Scenario B
Current space(STC). New Space
Square ft. 2,800 6,000
CURRENT RENTAL RATES CHARGED BY AYH
Price per square ft. 31.98 A. 25.99 B.
Cam per square ft. 11.44 11.44
Total current cost per sq. ft. 43.42 37.43
Total current annual cost $ 121,576 $ 224,580
PROPOSED RENTAL RATES TO REFLCT A $6 per Sq ft. DISCOUNT
Proposed 25.98 19.99
CAM ( will fluctuate on an annual basis) 11.44 11.44
Total proposed cost per sq. ft. 37.42 31.43
Total proposed annual rent cost $ 104,776 $ 188,580
Annual saving 16,800 36,000
A. Base rent on current lease was
$28.41 a square ft.
(commencement Oct 2009) and has
increased annually by the
CPI(historically 3%) current $31.98
a sq. ft.)
B. Trust Asset rent per sq ft as
provided on a rent roll received
from AYH in 2013
EFTA01177604