CordenPharma Proposal

HO

OPTIONS SUMMARY 1685 38TH STREET

1685 38th Street Boulder, CO 80301

BUILDING NAME & ADDRESS

LANDLORD

BreakThrough Properties

PROPERTY TYPE

Lab/Office

103,126 SF 2 Stories

TOTAL SIZE & STORIES

1st Floor - 81,723 SF (Batelle Expires 9/30/24) 2nd Floor - 18,646 SF (Vacant Today)

TOTAL AVAILABILITY

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

ASKING RATE(S)

• BreakThrough Properties bought 38th Street portfolio of 4 buildings in early August • Plan to convert this to a life sciences campus • Have not submitted for any permits but they have their design team on board and have begun space plans for potential tenants. • Batelle has lease expiring in late 2024 but likely has plans to downsize and move out. May be able to get into project sooner pending landlord’s discussions with Batelle

NOTES

48 CORDENPHARMA Proposal for Real Estate Services