4 / 13
Remaining Obligation
$2,026K $1,719K
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
$3,745K $3,524K
$326K
Fixed Rent
-
$288K $1,727K $1,727K $1,727K $1,727K $1,747K $1,848K $1,848K $1,848K $1,848K $1,868K $1,968K $1,968K $1,968K $1,968K $1,988K $2,089K $2,089K $2,089K
$34,332K $16,775K $1,552K
Escalations & Utilities
-
$1K
$42K
$81K $122K $164K $208K $257K $304K $352K $402K $455K $512K $567K $625K $684K $746K $814K $880K $948K
$8,162K $3,195K
$296K
Net Capital
$4,975K
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
$4,975K $4,972K
$460K
Total
$7,001K $2,007K $1,769K $1,808K $1,849K $1,891K $1,955K $2,105K $2,152K $2,200K $2,250K $2,322K $2,480K $2,536K $2,593K $2,652K $2,735K $2,903K $2,969K $3,037K $51,214K $28,466K $2,633K
20,085 SF
$349/SF $100/SF $88/SF $90/SF $92/SF $94/SF $97/SF $105/SF $107/SF $110/SF $112/SF $116/SF $123/SF $126/SF $129/SF $132/SF $136/SF $145/SF $148/SF $151/SF
$2,550/SF $1,417/SF $131/SF
Remaining Obligation
$2,026K $1,719K
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
$3,745K $3,524K
$326K
Fixed Rent
-
$1,386K $1,386K $1,386K $1,386K $1,518K $1,518K $1,518K $1,518K $1,518K $1,683K $1,683K $1,683K $1,683K $1,683K $1,848K $1,848K $1,848K $1,848K $1,848K
$30,789K $15,348K $1,420K
Escalations & Utilities
$54K $128K $156K $185K $214K $248K $277K $307K $338K $370K $410K $445K $481K $518K $556K $602K $643K $686K $730K $776K
$8,124K $3,524K
$326K
Net Capital
$3,876K
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
$3,876K $3,876K
$359K
Total
$5,956K $3,233K $1,542K $1,571K $1,600K $1,766K $1,795K $1,825K $1,856K $1,888K $2,093K $2,128K $2,164K $2,201K $2,239K $2,450K $2,491K $2,534K $2,578K $2,624K $46,534K $26,273K $2,430K
16,500 SF
$361/SF $196/SF $93/SF $95/SF $97/SF $107/SF $109/SF $111/SF $112/SF $114/SF $127/SF $129/SF $131/SF $133/SF $136/SF $149/SF $151/SF $154/SF $156/SF $159/SF
$2,820/SF $1,592/SF $147/SF
Remaining Obligation
$2,026K $1,719K
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
$3,745K $3,524K
$326K
Fixed Rent
-
$214K $1,284K $1,284K $1,284K $1,362K $1,362K $1,362K $1,362K $1,362K $1,439K $1,439K $1,439K $1,439K $1,439K $1,517K $1,517K $1,517K $1,517K $1,517K
$25,655K $12,571K $1,163K
Escalations & Utilities
$51K
$67K $117K $123K $134K $154K $177K $200K $224K $249K $278K $305K $332K $361K $391K $424K $456K $489K $523K $558K
$5,613K $2,406K
$223K
Net Capital
$3,072K
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
$3,072K $3,072K
$284K
Total
$5,149K $2,000K $1,402K $1,407K $1,418K $1,516K $1,538K $1,562K $1,586K $1,611K $1,717K $1,744K $1,772K $1,800K $1,830K $1,941K $1,973K $2,006K $2,040K $2,075K $38,084K $21,574K $1,996K
15,475 SF
$333/SF $129/SF $91/SF $91/SF $92/SF $98/SF $99/SF $101/SF $102/SF $104/SF $111/SF $113/SF $114/SF $116/SF $118/SF $125/SF $127/SF $130/SF $132/SF $134/SF
$2,461/SF $1,394/SF $129/SF
Remaining Obligation
$2,026K $1,719K
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
$3,745K $3,524K
$326K
Fixed Rent
-
-
$1,569K $1,711K $1,711K $1,711K $1,831K $1,841K $1,841K $1,841K $1,841K $1,961K $1,972K $1,972K $1,972K $1,972K $2,091K $2,102K $2,102K $2,102K
$34,144K $16,479K $1,524K
Escalations & Utilities
-
$87K $191K $233K $271K $310K $355K $397K $440K $485K $531K $584K $634K $685K $738K $793K $855K $914K $975K $1,038K
$10,515K $4,457K
$412K
Net Capital
$4,091K
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
$4,091K $4,091K
$378K
Total
$6,117K $1,806K $1,760K $1,944K $1,982K $2,021K $2,185K $2,238K $2,282K $2,326K $2,373K $2,545K $2,605K $2,657K $2,710K $2,765K $2,946K $3,016K $3,077K $3,140K $52,494K $28,552K $2,641K
18,601 SF
$329/SF $97/SF $95/SF $105/SF $107/SF $109/SF $117/SF $120/SF $123/SF $125/SF $128/SF $137/SF $140/SF $143/SF $146/SF $149/SF $158/SF $162/SF $165/SF $169/SF
$2,822/SF $1,535/SF $142/SF
Analysis Summary
United Bank for Africa | New York
50 Rockefeller Plaza
E14
Pro Forma Relocation
Printed: Nov 7, 2019 at 3:13 PM
P12
LL Offer - 10/28/2019
575 Fifth Avenue
E30
LL Offer - 10/15/2019
1 Rockefeller Plaza
E8
Renewal
2024 2025
Strategic Advisory Group
All information furnished is from sources deemed reliable. No warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change in price, rental or other conditions, prior sale, lease, or financing or withdrawal without notice.
200 Park Avenue
240 Mos.
2031
Total
NPV Annuity
Summary | Cash Flow Impact
12 Mos.
2020 2021
2029 2030
2028
12 Mos.
12 Mos.
12 Mos.
12 Mos.
2022
12 Mos.
Assumptions
2026
2038
Notes
12 Mos.
12 Mos.
12 Mos.
12 Mos.
12 Mos.
12 Mos.
12 Mos.
12 Mos.
12 Mos.
12 Mos.
12 Mos.
2027
2039
2032 2033 2034 2035
12 Mos.
12 Mos.
2023
2036 2037
12 Mos.
Jan. 1, 2020 Analysis Commencement
200 Park proposal was for 10 years, but
analysis assumes 20-year term.
Analysis is truncated to Dec. 31, 2039 for
common term comparison purposes.
Rentable Area
Lease Commencement
Lease Term
Lease Expiration
Start
Duratio n
R ent
Start
Duratio n
R ent
Start
Duratio n
R ent
Start
Duratio n
R ent
Start
Duratio n
R ent
Base Rent
Jan 2020
12 Mo.
Free
Jan 2020
22 Mo.
Free
Feb 2021
12 Mo.
Free
Jan 2020
22 Mo.
$75.00/SF
Nov 2021
60 Mo.
$86.00/SF
Jan 2021
48 Mo.
$84.00/SF
Nov 2021
38 Mo.
$83.00/SF
Feb 2022
48 Mo.
$92.00/SF
Nov 2026
60 Mo.
$92.00/SF
Jan 2025
60 Mo.
$92.00/SF
Jan 2025
60 Mo.
$88.00/SF
Feb 2026
60 Mo.
$99.00/SF
Nov 2031
60 Mo.
$98.00/SF
Jan 2030
60 Mo.
$102.00/SF
Jan 2030
60 Mo.
$93.00/SF
Feb 2031
60 Mo.
$106.00/SF
Nov 2036
38 Mo.
$104.00/SF
Jan 2035
60 Mo.
$112.00/SF
Jan 2035
60 Mo.
$98.00/SF
Feb 2036
47 Mo.
$113.00/SF
Required Capital
-
$6,782K
$5,444K
$5,106K
$6,137K
Landlord Contribution
-
-$1,808K
-$1,568K
-$2,034K
-$2,046K
Net Capital
$0K
$4,975K
$3,876K
$3,072K
$4,091K
575 Fifth Avenue
E30
LL Offer - 10/15/2019
$234.93/SF
$219.93/SF
$198.50/SF
Dec 31, 2039
Dec 31, 2039
Dec 31, 2039
16,500 SF
18,601 SF
Jan 1, 2020
Feb 1, 2021
20 Years
18 Years, 11 Months
15,475 SF
Jan 1, 2020
20 Years
18 Years, 2 Months
Dec 31, 2039
$337.68/SF
-$90.00/SF
$247.68/SF
1 Rockefeller Plaza
Jan. 1, 2020 Analysis Commencement
20,085 SF
Square Footage
& Key Dates
1X Costs
E8
Renewal
20,085 SF
Nov 1, 2021
200 Park Avenue
50 Rockefeller Plaza
P12
E14
LL Offer - 10/28/2019
Pro Forma Relocation
Base Rent
$329.93/SF
$329.93/SF
-$95.00/SF
-$110.00/SF
$329.93/SF
-$131.43/SF
Jan 1, 2020
1 Year, 10 Months
1 Rockefeller Plaza
E8
Remaining Obligation
Oct 31, 2021
-
-
$0.00/SF
Current Escalated Rent
$93.94/SF
© 2019 Cushman & Wakefield
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