603 Michigan – 100% Leased
NET RENT: $18.95 psf/annum (Year 1)
ADDITIONAL RENT (2019 est.): $8.59 per sq. ft. (utilities not included)
TIMING: N/A
ADDITIONAL RENT BREAKDOWN (2019 ESTIMATES)
Operating Costs: $4.36 psf
Realty Taxes: $4.23 psf
Total 2019 Estimate: $8.59 psf + Utilities
- Full Building is Approximately 36,554 sq. ft.
- Net Rent: $18.95 psf/annum (Year 1)
- Additional Rent: $8.59 psf (2019 Estimate)
- TI Allowance: $55.00 psf (from “cold shell”)
- Parking ratio: 4/1,000 sq. ft.
- Floorplate designed to support high efficiency layouts
- Low “gross-up” factor
