Page 5 - Advancial Federal Credit Union - February 2020
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ADVANCIAL TOWER CURRENT SITUATION
BUILDING OVERVIEW ADVANCIAL CURRENT SITUATION OWNERSHIP PROFILE
YEAR BUILT/RENOVATED LEASE EXPIRATION
1984 / 2020* 7/31/2022
*Renovations commencing Q1 2020;
estimated Q3 2020 completion
TYPICAL FLOOR SIZE
17,385 RSF CURRENT PREMISES
14TH FLOOR – 16,466 RSF
TOTAL RENTABLE BUILDING AREA JOHN FIELD SCOVELL RYAN SUCHALA
FOUNDER & CHAIRMAN
156,467 RSF 13TH FLOOR – 16,657 RSF WOODBINE DEVELOPMENT CORPORATION DALLAS MARKET PRESIDENT
FIRST UNITED BANK
1ST FLOOR – 2,171 RSF
OCCUPIED
83.3% TOTAL 35,274 RSF
26,113 RSF AVAILABLE 22.5% of building
CURRENT QUOTED RENTAL RATE ESTIMATED CURRENT OCCUPANCY COST
BASE RENT $32.00/RSF BASE RENT $22.00/RSF
EST. NNN EXPENSE $16.13/RSF EST. OPEX PASS THRU $8.13/RSF
EST. ELECTRICITY $1.58/RSF EST. ELECTRICITY $1.58/RSF
FULL SERVICE QUOTED RENTAL RATE: TOTAL EST. OCCUPANCY COST:
$49.71/RSF $37.71/RSF
(35% below market)
*excluding parking costs
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