Back to Leases

Horizon Air

expired
aviation

Lease #AV-2021-0098 · SeaTac International Airport

Term

2021-04-012026-03-31

Renewal: 1 x 3-year option (not exercised)

Space

Gate C2

28,000 sqft · SeaTac International Airport

Rent

$1.18M/year

$98,000/month

Total Lease Obligation

Fixed Components

$1.18M

/year

Variable Components

$1.29M

estimate /year

Total Monthly

$205,500

/month

Total Annual

$2.47M

/year

Fixed 48%Variable 52%

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 2landed weightADDITIONAL VARIABLE

Landed-Weight Fee

Per-landing fee

2.15

$/1,000 lbs

Clause Comparison (Amendment Analysis)

Side-by-side comparison of current vs. proposed amendment terms

fixed

Base Rent

Current

$

Annual Base Rent

$1.18M

Proposed Amendment

$

Annual Base Rent

$1.23M

$1.18M$1.23M
+$56,000 (+4.8%)
landed weight

Landed-Weight Fee

Current

$

Monthly Landed-Weight Fee

$361,942

Proposed Amendment

$

Monthly Landed-Weight Fee

$361,942

$361,942$361,942
$0 (0.0%)

Special Provisions

Lease expired 2026-03-31. Tenant elected not to exercise renewal option due to route consolidation with Alaska Airlines.

Documents

Amendments & Audit Trail

1 amendment

Tenant Information

Contact

David Campbell

Email

dcampbell@horizonair.com

Phone

(206) 241-6757

Compliance

compliant