Cushman & Wakefield
40
TENANCY
Tenant
Suite
Leased
Square
Feet
GLA %
Current
Lease Start
Current
Lease
Expire
Rent
Step
Dates
Annual
Rent ($)
Monthly
Rent ($)
Annual
Rent
($/psf)
CAM INS
RET
Novo Nordisk
212
3,657
2.5%
5/1/2016 9/30/2021
Current
$26.00
$7,924
$95,082 2016 BY 2016 BY 2016 BY
10/1/2016
$26.50
$8,076
$96,911
10/1/2017
$27.00
$8,228
$98,739
10/1/2018
$27.50
$8,381
$100,568
10/1/2019
$28.00
$8,533
$102,396
10/1/2020
$28.50
$8,685
$104,225
Comments:
Renewal Option:
Tenant has one, 5-year option to extend its term at the prevailing market rate. Tenant must provide Landlord with at least nine (9) months advance written
notice.
Utility Services:
Utility expenses shall be included as additional rent.
Additional Rent:
Tenant is responsible for its proportionate share of all operating expenses in excess of the 2016 operating expenses.
Gross-Up:
95%
Construction
Allowance:
Tenant has an outstanding allowance of $87,500 (outstanding amount to be credited to Buyer at close).
Rent Roll