Commercial Leasing Pipeline & Tenant Health Scorecard

Carrington Commercial Properties | 1.24M SF Portfolio | $247.3M Implied Value @ 6.25% Cap

Portfolio Occupancy
84.7%
-6.5pp
Pipeline Conversion
31.4%
-4.2pp
WALT (Months)
38.2
-3.8mo
Avg Credit Score
58
-7pts
Effective Rent/SF
$26.40
+$0.80
OpEx Ratio
42.1%
+1.3pp
Pinnacle Health (42K SF) — Credit Score 31, Lease Exp 14mo
189K SF Expiring Next 12mo (15.2% of GLA)
3 Deals in LOI Stage — 67.2K SF Total

Lease Expiration Waterfall (Next 60 Months)

Leasing Pipeline Funnel

Conversion Rate: Proposal→LOI 48% | LOI→Lease 65% | Overall 31.4%

Tenant Credit Distribution

Net Absorption vs. Submarket Benchmark

Weighted Avg Lease Term (WALT) Trend

Tenant Roster & Health Data (Top 15 by SF)

Tenant Name Asset Suite SF % GLA Exp Date Base Rent/SF Credit Score AR >60d Status
Pinnacle Health Systems Tower One Office 42,000 3.4% Mar 2026 $28.50 31 $47,200 CRITICAL
Meridian Law Group Tower One Office 38,500 3.1% Sep 2028 $32.00 78 $0 Healthy
TechCore Solutions Gateway Plaza Office 34,200 2.8% Jun 2027 $29.75 64 $8,400 Monitor
Nordstrom Rack Lakeside Retail Center 32,800 2.6% Dec 2029 $24.00 82 $0 Healthy
Whole Foods Market Parkview Commons 31,500 2.5% Nov 2030 $26.50 88 $0 Healthy
Spectrum Consulting Gateway Plaza Office 28,900 2.3% Aug 2025 $30.25 57 $12,300 Monitor
Apex Financial Advisors Tower One Office 26,400 2.1% Feb 2027 $31.50 72 $0 Healthy
LA Fitness Parkview Commons 24,700 2.0% Jan 2028 $22.00 68 $5,600 Healthy
Evergreen Insurance Co Riverside Corporate Park 23,100 1.9% May 2029 $27.80 76 $0 Healthy
BlueSky Marketing Urban Loft Mixed-Use 19,800 1.6% Oct 2026 $33.00 42 $22,400 Watch

TI Cost per SF Trend

Free Rent Concessions

Effective Rent/SF Trend

Anchor Tenant Sales per SF (Retail Assets)

Benchmark: Submarket avg $420/SF | National avg $385/SF

Operating Expense Ratio (12mo Rolling)