Proven in over 1,800 buildings
Core Plus, Medical Office Building
The Building
A 78,000 sq.ft. medical office building in New Jersey. The building was a 1990s construction with 6 rooftop HVAC units and a boiler providing heating and cooling, all upgraded in 2012.
Project Investment
Carbon Lighthouse worked with the building team and existing contractors to install a new HVAC supervisor (brain of the equipment), for a total cost of $52k.
This upgrade enabled better control over the HVAC equipment, reducing simultaneous heating & cooling, and brought more fresh air into the building.
A LED lighting retrofit was also identified and added to next year’s budget.
Tenant Savings
After netting out the shared savings fee, total costs were reduced by $51,500 per year for the tenants.
The landlord did not amortize any of the project costs through to tenants.
New Landlord Income
After netting out Carbon Lighthouse’s provider cut, $22,500/yr is paid to the building owner as rent through the mechanical room lease.
The Result
In total, the building’s owner invested $52,000 to generate $22,500/yr in rental income, yielding a 43% return. Tenants received a net reduction in their expense pool of $51,500, as well as a more comfortable & efficient building.
