Term
2022-01-01 → 2032-12-31
Renewal: 2 x 5-year options
Space
Gate B7
45,000 sqft · SeaTac International Airport
Rent
$1.89M/year
$157,500/month
Total Lease Obligation
Fixed Components
$1.89M
/year
Variable Components
$4.40M
estimate /year
Total Monthly
$523,852
/month
Total Annual
$6.29M
/year
Lease Clauses & Rent Calculation Engine
3 active clauses — click to see step-by-step calculations
Base Rent
Fixed rate per square foot with annual CPI escalation
42
$/sqft/year
CPI Escalation
Annual CPI-U adjustment with floor of 2% and ceiling of 4.5%
2%
4.5%
Annual, effective January 1
Landed-Weight Fee
Per-landing fee based on maximum certificated landing weight of aircraft
2.15
$/1,000 lbs
Clause Comparison (Amendment Analysis)
Side-by-side comparison of current vs. proposed amendment terms
Base Rent
Current
Annual Base Rent
$1.89M
Proposed Amendment
Annual Base Rent
$1.98M
CPI Escalation
Current
Adjusted Annual Rent
$1.95M
Proposed Amendment
Adjusted Annual Rent
$1.95M
Landed-Weight Fee
Current
Monthly Landed-Weight Fee
$361,942
Proposed Amendment
Monthly Landed-Weight Fee
$361,942
Special Provisions
Tenant responsible for gate maintenance and equipment. Port provides common area utilities.
Documents
Amendments & Audit Trail
3 amendmentsTenant Information
Contact
Michael Torres
mtorres@alaskaair.com
Phone
(206) 392-5100
Compliance
compliant