I am going through a lease for a data center, and it so different compared to a traditional lease. Base Rent is not $/SF. It says base rent is $XXX per kW per month multiplied by the amount of Tenant Critical Power delivered to the tenant according to ramp schedule.
And the ramp schedule is like
Phase 1- tenant critical power or xxx KW, target phase delivery date-xxx rent commencement date-xxx
phase 2- tenant critical power or xxx KW, target phase delivery date- xxx rent commencement date-xxxx
There are like 5 phases. What is going on here in this lease? I have read over a 200 office, retail and industrial leases, but this is so foreign to me. Anybody here have any insights on how rent is calculated here? Can I arrive at a $ number from the above information? Thank you for any help, appreciate it.
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