LANDLORD: AETNA LIFE INSURANCE COMPANY | ||||
By:
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UBS REALTY INVESTORS, LLC, (f/k/a
Allegis Realty Investors LLC) a Massachusetts limited liability company, its Investment Advisor and Agent |
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By: Name: |
/s/ Joseph E. Gaukler
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Title:
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Director | |||
Date:
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November 1, 2000 | |||
TENANT: | ||||
ULTA SALON.COSMETICS & FRAGRANCE, INC., a Delaware corporation |
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By: Name: |
/s/ Matt Strall
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Title:
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V.P. Distribution | |||
Date:.
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Oct 28, 2000 |
2
Building Expansion with Soft Costs |
$ | 3,974,195 | ||
Cost Capped @11% with 3% annual escalations |
$ | 437,161.41 | 1st year |
Original Building | Expansion | Total Rent | ||||||||||||||||||||||||||
170,087 sf | 121,218 sf | 291,305 sf | ||||||||||||||||||||||||||
Rent | Rent | Rent | ||||||||||||||||||||||||||
Lease Period | Annual Rent | (psf) | Annual Rent | (psf) | Annual Rent | (psf) | ||||||||||||||||||||||
From | To | (Payable Monthly) | Annualized | (Payable Monthly) | Annualized | (Payable Monthly) | Annualized | |||||||||||||||||||||
10/1/99 |
9/30/00 | $ | 680,000.00 | $ | 4.00 | $ | 437,161.41 | $ | 3.61 | $ | 1,117,161.41 | $ | 3.84 | |||||||||||||||
10/1/00 |
9/30/01 | $ | 680,000.00 | $ | 4.00 | $ | 450,276.25 | $ | 3.71 | $ | 1,130,276.25 | $ | 3.88 | |||||||||||||||
10/1/01 |
9/30/02 | $ | 680,000.00 | $ | 4.00 | $ | 463,784.54 | $ | 3.83 | $ | 1,143,784.54 | $ | 3.93 | |||||||||||||||
10/1/02 |
9/30/03 | $ | 740,208.00 | $ | 4.35 | $ | 477,698.07 | $ | 3.94 | $ | 1,217,906.07 | $ | 4.18 | |||||||||||||||
10/1/03 |
9/30/04 | $ | 765,000.00 | $ | 4.50 | $ | 492,029.02 | $ | 4.06 | $ | 1,257,029.02 | $ | 4.32 | |||||||||||||||
10/1/04 |
9/30/05 | $ | 765,000.00 | $ | 4.50 | $ | 506,789.89 | $ | 4.18 | $ | 1,271,789.89 | $ | 4.37 | |||||||||||||||
10/1/05 |
9/30/06 | $ | 783,063.00 | $ | 4.60 | $ | 521,993.58 | $ | 4.31 | $ | 1,305,056.58 | $ | 4.48 | |||||||||||||||
10/1/06 |
9/30/07 | $ | 790,500.00 | $ | 4.65 | $ | 537,653.39 | $ | 4.44 | $ | 1,328,153.39 | $ | 4.56 | |||||||||||||||
10/1/07 |
9/30/08 | $ | 790,500.00 | $ | 4.65 | $ | 553,782.99 | $ | 4.57 | $ | 1,344,282.99 | $ | 4.61 | |||||||||||||||
10/1/08 |
9/30/09 | $ | 808,563.00 | $ | 4.75 | $ | 570,396.48 | $ | 4.71 | $ | 1,378,959.48 | $ | 4.73 | |||||||||||||||
10/1/09 |
4/30/10 | $ | 476,000.00 | $ | 4.80 | $ | 342,713.22 | $ | 4.85 | $ | 818,713.22 | $ | 4.82 | |||||||||||||||
TOTAL RENT | $ | 13,313,112.83 |