CordenPharma Proposal

HO

OPTIONS SUMMARY WILDERNESS LABS

Wilderness Labs 2865 & 2885 Wilderness Place Boulder, CO 80301

BUILDING NAME & ADDRESS

LANDLORD

Beacon Capital

PROPERTY TYPE

Lab/Office

TOTAL SIZE & STORIES

2865 Wilderness- 26,152 SF | 2885 Wilderness- 25,758 SF

2865 Wilderness - 26,152 SF (Will not divide) 2885 Wilderness - 13,389 SF

TOTAL AVAILABILITY

$50.00 - $55.00/SF NNN $12 - $14/SF in Opex (Estimate) $62.00 - $69.00/SF

ASKING RATE(S)

• 2 Building complex owned by Beacon, planning to convert both to spec lab/office • They should have permits to build spec lab in 2865 by Sept. 2022 - should be ready for occupancy by mid-2023 • No ability to change 2865 spec plan at this point - 50% lab, 50% office • Landlord will have demo permit for 2885 building by end of month • Completing work to HVAC, electrical, • 2885 building is likely Q1 2024 occupancy

NOTES

40 CORDENPHARMA Proposal for Real Estate Services