How to best do a comparative lease analysis for office on the landlord side?
Interviewing with a developer who asked how I would go about it. Gave them a basic answer but want to send them an excel example, any best practices?
[{"id": "ilcshgx", "text": "Calc the present value of the lease (discount rent payments back/take off TI) and amortize over the lease term for a comparison on that.  Look at how, if at all, the tenants influence the cap rate (ie will they add or reduce value from the property and the projections).  Look at the actual build out, in office prob pretty standard but can you reuse this or are you going to get hit again with a layout that isn't marketable if they leave when the term expires?   Look at the term/options and consider the risk associated with them (is one set bumps?  is one indexed?).\n\nThose are the things I look at", "replies": [{"id": "ildoj0l", "text": "This is a great answer.", "replies": [], "depth": 2}], "depth": 1}, {"id": "ild4lw9", "text": "Search google for lease analysis tool excel. CCIM has one. I\u2019m sure Adventures in Real Estate has one.", "replies": [], "depth": 1}, {"id": "ild6m0k", "text": "Once you do the analysis you need to input how bad someone wants to sell.", "replies": [], "depth": 1}, {"id": "ilivj99", "text": "Thank you all! Just got an offer from the developer after sending a detailed example along these lines.", "replies": [], "depth": 1}]