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The above and attached information regarding the property commonly known as 181 Massachusetts Ave in Cambridge, Massachusetts (the “Property”) is being released as an accommodation for general informational purposes only and is not intended and shall not be deemed or construed to be a representation or warranty regarding the Property.
One Broadway, 14th FL, Cambridge, MA 02142
www.graffitosp.com
Property: 181 Massachusetts Avenue, Cambridge, MA Lessor: Novartis Institutes for BioMedical Research, Inc. Demised Premises: Approximately 8,000 rentable square feet on the ground floor; space is
divisible and can accommodate multiple tenants. Proposed Use: Restaurant and other retail uses that activate the ground floor of the Property
and are consistent with the first-class nature of the Property. Base Rent: $35.00NNN and up; annual increases at 3%. Percentage Rent: To be discussed upon further review of Tenant’s investment into the
Premises, sales projections and overall deal economics. Term: Initial terms of five to ten years with options available. Lease Commencement: The date on which Landlord delivers the Premises to Tenant with all
Landlord Work completed; target dates and specific rent commencement date to be discussed.
Real Estate Tax/CAM: Tenant to pay proportionate share of taxes and operating expenses. Security Deposit: To be discussed and subject to overall deal economics and respective
investment into the Premises by Landlord and Tenant. Landlord Contribution: Up to $75.00 per square foot depending to on Proposed Use. Landlord Work: The Property is currently under construction with delivery slated for Winter
2015. Landlord Work shall consist of certain Shell/Core improvements set forth in the Landlord Work Letter.
Tenant Work: Tenant Improvements shall be performed by Tenant – at Tenant’s sole cost
and expense – and Tenant accepts the Premises in its “as is” condition subject only to Landlord Work.
Signage: Tenant guidelines available upon request. Permits & Licenses: Tenant shall be responsible for obtaining all other necessary permits,
licenses and approvals for conducting its business. Conditions: This term sheet is not an offer and is subject to withdrawal at any time. Prior
to further discussions, Tenant to submit the following for Landlord review: (i) Tenant’s relevant experience and operating history; (ii) Tenant’s proposed concept for the Premises; (iii) Tenant’s expected ownership and operating structure; and (iv) Tenant financials and revenue projections for the Premises.
Contact: Dave Downing :: 617-401-2871 :: [email protected] Sean Alberti :: 617-401-2352 :: [email protected] Attachments: Marketing Flyer and Utility Matrix
One Broadway, 14th Fl Cambridge, MA 02142
www.graffitosp.com (617) 401-2872 !
181 Massachusetts Ave
EXHIBIT A
RETAIL UTILITY MATRIX
Service Retail Area
Fire Protection Wet system w/ mods by tenant Mods by Tenant
Fire Alarm Analog addressable building system Mods by Tenant
Domestic Cold Water 2” line w/ submeter by LL
Hot Water Loop 2” capped supply & return line
Chilled Water Loop 2” capped supply & return line
Conditioned Air Max of 0.5 CFM/sf for retail Max of 1.5 CFM/sf for restaurant
Sanitary 4” capped waste line below grade
Waste Vent 4” waste vent connection in space
Grease Waste 4” waste line w/grease trap by tenant
Gas 3” line with valve and cap (1/2 PSI)
Make-Up Air 24” x 20” duct (4,000 CFM)
Kitchen Exhaust 18” x 18” black iron duct (4,000 CFM) Fan by Tenant
Dishwasher Exhaust 10” x 12” stainless duct (1,000 CFM) Fan by Tenant
Electric 1000A @ 120/208V 3 phase 4 wire service with conduit to the space