Page 2 - Primexx Energy Partners - Market Overview

BUILDING OVERVIEW
CURRENT SITUATION

BUILDING ADDRESS Premises
4849 Greenville Ave Suite 1600: 13,676 RSF
ARE 362,711 RSF Total: 18,874 RSF Lease Expiration Date Lease Term
Suite 1675:
5,198 RSF
TOTAL RBA
Renewal Commencement Date
36 Month Extension
June 30, 2022
July 1, 2019
Base Rental Rate
Y SQU YEAR BUILT / RENOVATED Does not include NNN’s or electricity Rental Rate Monthly Rent $124,752.00

1990 / 2019
Total Rent
Months
7/1/2019 - 6/30/2020
$10,396.00
$24.00
Suite 1675:
5,198 RSF
$128,650.50
$24.75
$10,720.88
7/1/2020 - 6/30/2021
FLOORS
$11,045.75
7/1/2021 - 6/30/2022
$132,549.00
$25.50
16
Total Rent
Months
$27,352.00
$24.00
Suite 1600: 7/1/2019 - 6/30/2020 Rental Rate Monthly Rent $328,224.00
O ENER $21.00 - $24.00/RSF NNN Parking
OCCUPANCY RATE
13,676 RSF
7/1/2020 - 6/30/2021
$338,481.00
$28,206.75
$24.75
82.4%
7/1/2021 - 6/30/2022
$25.50
$29,061.50
$348,738.00
QUOTED NET RENTAL RATE
Ratio: 3.02 : 1,000 (57 total parking spaces)
Tenant shall have the right to convert up to 8 unreserved parking spaces to reserved spaces in the
(NNN = $10.21/RSF)
garage at $100/space/month.
Tenant Improvement Allowance
QUOTED GROSS RENTAL RATE
$268,072 ($ 14.20/RSF)
$31.21 - $34.21/RSF + E
Tenant may use up to $94,370 ($5.00/RSF) for moving, cabling and FF&E. Landlord shall charge a
1% administrative fee of the Work. The Allowance shall be available to Tenant from the date of the
TW MAX CONTIGUOUS SPACE AVAILABLE of Substantial Completion, Tenant may elect to receive a credit against Base Rent up to $37,748
Amendment through 12/31/2019. Provided Tenant has given prior written notice within 60 days
98,600 RSF
($2.00/RSF).
(Floors 1 - 5)
PRIMEXX CURRENT OCCUPANCY COST BUILDING QUOTED COST
LANDLORD Current Base Rent: $24.00/RSF Quoted Base Rent: $21.00 - 24.00/RSF
USAA Real Estate/ 2020 Est. NNN: $10.21/RSF 2020 Est. NNN: $10.21/RSF
Glenstar Properties 2020 Est. Electric: $1.37/RSF 2020 Est. Electric: $1.37/RSF
Total Occupancy Cost $35.58/RSF Quoted Occupancy Cost: $35.58/RSF