Term
2026-07-01 → 2036-06-30
Renewal: 2 x 5-year options
Space
Gate N3
38,000 sqft · SeaTac International Airport
Rent
$1.60M/year
$133,000/month
Total Lease Obligation
Fixed Components
$1.60M
/year
Variable Components
$1.33M
estimate /year
Total Monthly
$244,224
/month
Total Annual
$2.93M
/year
Fixed 54%Variable 46%
Lease Clauses & Rent Calculation Engine
3 active clauses — click to see step-by-step calculations
Clause 1 of 3fixedPRIMARY
Base Rent
Fixed rate per square foot
42
$/sqft/year
Clause 2 of 3landed weightADDITIONAL VARIABLE
Landed-Weight Fee
Per-landing fee based on aircraft weight
2.15
$/1,000 lbs
Clause 3 of 3tiered cpiMODIFIES BASE RENT
CPI Escalation
Annual CPI-U with min 2%, max 5%
Min Rate
2%
Max Rate
5%
Escalation
Annual, effective July 1
Special Provisions
Gate assignment subject to Port scheduling authority. Tenant to complete gate infrastructure buildout within 90 days of lease commencement.
Documents
Amendments & Audit Trail
No amendments on record
Tenant Information
Contact
Patricia Morales
pmorales@jetblue.com
Phone
(718) 286-7900
Compliance
compliant