Lease Comps

The LEDC works closely with Brokers and Developers to track lease rate comparables.  Detailed information includes square feet, tenant improvement allowances, term, annual increases and triple net lease rates.

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LEASE RATE COMPARABLES

YearTenantSQ.FT.TITerm (Years)Annual IncreaseLease Rate
2016Parksite175,000$3.30 psf8 2.5%$5.05 NNN
2016Star Distribution - Building 152,172$.5053%$4.25 NNN
2016Star Distribution - Building 147,828$.5053%$4.25 NNN
2015Tredit Tire & Wheel22,200N/A33%$4.50 NNN
2015Midwest Hose & Specialty50,000minimal53%$4.25 NNN
2015PlayCore (GT Grandstands)37,000minimal53%$4.25 NNN
2015Sparkle Skirts (County Line Commerce Ctr.)15,00050% back office -open floor plan build out53%$7.20 NNN
2015Appalachian Insulation (County Line Commerce Ctr.)60,000minimal53%$5.25 NNN
2015Fit Life Foods (County Line Commerce Ctr.) 15,000Extensive build out - commercial kitchen. $5.25 is base #. Actual # is blended rate.103%$5.25 NNN
2015Nova Services - 625 McCue Rd.17,500N/A18 mo. sublease-$5.46 NNN
2015IP+30,000minimal52.5$4.85 NNN
2015Lippert15,000minimal52.5%$4.90 NNN
2014McNeilus50,000N/A72.50%$3.50 NNN
2014Star Distribution - DRA Bldg. 3104,721N/A$4.25 NNN
2014Star Distribution - DRA Bldg. 2121,859N/A6$3.95 NNN
2013Brew Hub50,000N/A102.50%$5.00 NNN
2013Chep USA - DRA Bldg. 278,141$1.005$3.75 NNN
2013Cologix (Colo 5)105,000N/A113%$3.95 NNN
2013Southeastern Paper Group80,0007$4.05 NNN
2012Excel/Genesis Logistics60,000N/A52.50%$4.50 NNN
2012The Empire Company160,000N/A52.5%$3.85 NNN
2012MaxPak- NTH
133,0005$4.00 NNN
2012Larson Juhl12,000$4.75 NNN
2011SteriPack40,00010$5.00 NNN
2011Mission Foods168,400$2.00153%$3.40 NNN
2011Xpedx200,000$2.50103%$3.75 NNN
2011MBM147,000$2.0072.50%$3.85 NNN
2011CLS81,400$2.0040%$3.25 NNN
2011Mac Steel60,0003$2.00 NNN
2011Shale Inland151,000N/A50%$1.50 NNN
2010Lifting Gear Hire12,0005$4.11 NNN
2010Enersys Batteries12,0006$4.20 NNN
2010Ta- Chen140,000$6.00103%$3.86 NNN
2009GTECH98,00015 $5.95 NNN
2009WellDyne62,0007$10.97 NNN
2008Williams Sonoma33,8625$4.95 NNN
2007The Pepsi Bottling Group109,200$14.0010average 10 year rate was $6.81 NNN$6.81 NNN