Sublease & Disposition Proposal for Vyaire

CURRENT SITUATION

26125 RIVERWOODS EXISTING LEASE OBLIGATION

26125 RIVERWOODS LANDLORD

Size: 96,000 RSF

Floors: 1-4

The Dell Corporation (Landlord) is owned by a wealthy family that is

Lease Expiration: 12/31/2027

controlled by Jack Faintuch. He makes all of the decisions on his properties and it’s his family’s money. They have very little debt on most of their properties, but the Mettawa building is approximately 30% leveraged. The Dell Corporation is known to be long-term holders and typically prefer single tenant assets.

STRENGTHS

CHALLENGES

High quality space in a class A office building

Lack of demand

159,821 SF SIZE 6 STORIES BUILDING OVERVIEW

Great amenities (food service/fitness center)

High vacancy

Signage opportunity on the building

Maybe too far north

27,776 SF AVERAGE FLOOR SIZE 2001 YEAR BUILT

Lots of parking

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