Industrial-Portfolio-Woburn

FINANCIAL ANALYSIS

ASSUMPTIONS

GENERAL INFORMATION RENTABLE AREA

10,500 SF

1 Adele Road

43,120 SF

64 Industrial Parkway

53,620 SF

Total Rentable Area

0%

% Leased

1 Adele Road and 64 Industrial Parkway are both single-tenant occupied buildings. The tenant(s) have vacated the property and the building is currently available for lease. It is assumed that the 10,500 square feet of vacancy at 1 Adele Road will be leased by one (1) Industrial tenant as detailed in the assumptions below. It is also assumed that the 43,120 square feet of vacancy at 64 Industrial Parkway will be leased by one (1) Industrial tenant as detailed in the assumptions below. All leasing costs associated with re-tenanting the buildings are assumed to be the buyer's responsibility.

LEASE-UP ASSUMPTIONS

LEASING ASSUMPTIONS MARKET RENTAL RATE (CY 2018)

1 Adele Road

64 Industrial Parkway

$12.00 PSF

$8.50 PSF

Initial: Term:

5 Years

5 Years

3.00%

3.00%

Annual Increases: Tenant Expenses:

NNN

NNN

EXPENSES PROPERTY TAXES & OPERATING EXPENSES WITHIN THE PRO FORMA ARE BASED ON THE PLACE HOLDER. 1 Adele Road

64 Industrial Parkway

$2.32 PSF $3.09 PSF $0.21 PSF

$1.78 PSF $3.09 PSF $0.21 PSF

*Real Estate Taxes:

Operating Expenses:

Insurance:

3% increase over YE 2017

3% increase over YE 2017

Expense Growth Rate:

*Woburn Commercial/Industrial rate = $24.95 per $1,000 of assessed value