Term
2023-03-01 → 2033-02-28
Renewal: 1 x 5-year option
Space
Gate B9
41,000 sqft · SeaTac International Airport
Rent
$1.72M/year
$143,500/month
Total Lease Obligation
Fixed Components
$1.72M
/year
Variable Components
$51,660
estimate /year
Total Monthly
$147,805
/month
Total Annual
$1.77M
/year
Fixed 97%Variable 3%
Lease Clauses & Rent Calculation Engine
2 active clauses — click to see step-by-step calculations
Clause 1 of 2fixedPRIMARY
Base Rent
Fixed rate per square foot
42
$/sqft/year
Clause 2 of 2tiered cpiMODIFIES BASE RENT
Tiered CPI Escalation
Time-period CPI tiers: fixed 3% for years 1-5, then CPI-U with 2%-5% band for years 6-10
Min Rate
2%
Max Rate
5%
Escalation
Annual, effective March 1
Rate Tiers
Years 1-5 (2023-2028): Fixed 3% annual increase3%
Years 6-10 (2028-2033): CPI with min 2%, max 5%2%
Documents
Amendments & Audit Trail
No amendments on record
Tenant Information
Contact
Michael Torres
mtorres@alaskaair.com
Phone
(206) 392-5100
Compliance
compliant