Landlord proposal · 3121 S La Cienega, 3103-3243 S La Cienega Blvd
Generated by the ALEX agent from the owner's parameters. Every number below is negotiable.
Base rent
$42.00
/SF/yr
Term
3 yr
36 months
Free rent
2 mo
abated
TI allowance
$0
/SF
Escalation
3%
annual
$16,991/mo average · $611,680 all-in over the term
Effective rent $40.94/SF/yr after 2 months free. The $0 allowance covers the modeled build-out.
Total base rent over term
$475,182
Operating expenses (NNN)
$136,498
Rent abatement (free rent)
− $27,083
Total lease cost
$611,680
Tenant build-out beyond allowance
$0
All-in cost of occupancy
$611,680
NPV @ 8%
$541,058
Security deposit
$27,084
Cash required at signing
$30,876
ALEX suggests these counters
Go to a 5-year term for $39.48/SF
−$320/mo
A longer commitment is worth real money to the landlord — it justifies 6% off the face rent, 3 months free, and a $0/SF improvement allowance. This is usually the cheapest concession to win.
5-yr · $39.48/SF · 3 mo free · $0/SF TI · $16,671/mo all-in
Ask for 4 months free instead of 2
−$27,083 all-in
Landlords guard the headline rate because it sets building value, but they will often concede abatement. This cuts your first-year cost without touching the face rent.
3-yr · $42.00/SF · 4 mo free · $0/SF TI · $16,239/mo all-in
The landlord reviews and approves before any proposal is issued to you.
Formal proposal letter (LOI)
Illustrative proposal generated from the owner's stated parameters and a modeled build-out. Not a binding offer; the landlord approves any proposal before it is issued.
What security will the landlord require?
Landlords underwrite the tenant before signing. Enter your financials and ALEX tells you the deposit, letter of credit, or guaranty you should expect — before you share anything with the landlord.
Heads up:the base rent here starts from ALEX's market estimate, because this building came from the public record and has no quoted asking rate. Once the owner claims the listing and publishes real terms, this proposal runs on their actual numbers.