Worksheet 1 Lease Analysis
Assumptions
1. Firm Term (years)
Years
5. Total Usable Square Feet (USF)
________ USF
2. Renewal Term (years)
Years
6. Common Area Factor (%)
________ %
3. Holding Period (years)
Years
7. Total Rentable Square Feet (RSF)
________ RSF
4. Discount Rate (%)
(%)
8. Lump Sum Cost of Alterations
$________
Cost to VA During Each
Present
Cost to VA During Each Year of Firm Term
Year of Renewal Term
Value
Years of Occupancy
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
9. Market Comparable Average Annual
Gross Rental Rate ($/USF)
10. Less: Market Comparable Cost of
Landlord Provided Services ($/USF)
11. EQUALS: Average Annual Net Base
Rent ($/USF) [Line 9 - Line 10]
12. Cost of VA Provided Services and
Utilities ($/USF)
13. Total Cost of Services and Utilities
($/USF) [Line 10 +Line 12]
14. Annualized Cost of Lump Sum
Alterations ($/USF)
15. Total Annual Cost to VA ($/USF)
[Line 11 + Line 13 + Line 14]
BENEFIT COST ANALYSIS -- 6 of 11
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