5TX0793   2

In response to Request for Lease Proposal (RLP) No. 5TX0793 for approximately 15,790 square feet of contiguous space, consisting of 9,805 square feet hangar space and 5,985 square feet office space in Tomball or Conroe, TX, we have accepted the offer of Northwest Airport Management LP to provide 15,766 ABOA square feet of space at 9107B Boudreaux Rd, Tomball, TX 77375. The contract price is $4,493,310.00 for a term of 10 years with 5 years firm. The composite net present value of the offer based on price evaluation factors stated in the RLP is $22.59.

Shell Rent $21.62
Op Cost (in Lease) $6.88
Amortization of TIA tiny_mce_marker.00
Total Lessor's Overhead and Fees tiny_mce_marker.00
Rate Per Sq Ft for Security tiny_mce_marker.00
Total $28.50
Discount Rate 5.00%
Escalation Rate 2.50%
Parking Escalation Rate 2.50%
Present Value per ABOA SF $22.59