Artisan's Asylum Member Social, May 2019

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1. MEMBER SOCIAL HOUR May 16, 2019 FUTURES UPDATE
 2. WHERE WE’RE AT ACQUISITION STRATEGY 28 Fitchburg (Somerville) LEASE STRATEGY 200 Exchange (Malden) 10 Tyler…
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  • 1. MEMBER SOCIAL HOUR May 16, 2019 FUTURES UPDATE

  • 2. WHERE WE’RE AT ACQUISITION STRATEGY 28 Fitchburg (Somerville) LEASE STRATEGY 200 Exchange (Malden) 10 Tyler Street (Somerville)
  • 3. ACQUISITION + $25M • CAPITAL PARTNER 1
 Letter of Intent Signed
 28 Fitchburg, Brickbottom • CAPITAL PARTNER 2
 Exploring Opportunities
 28 Fitchburg, Brickbottom
  • 4. KEY CONDITIONS ACQUISITION • Partnership, Sole Use Tenant • $19SF NNN Lease $1,571,034 • $4SF NNN $338,744 • Ramp-up Period • $3M Tenant Improvement Allowance • 15 Year Lease, 2 5-year Extensions • 5% Ownership Stake In Building

  • 5. KEY CONDITIONS Lease (200 Exchange) • < $17SF NNN Lease $850,000 • < $5SF NNN $250,000 • Ramp-up Period • $3M Tenant Improvement Allowance • 10 Year Lease, 2 5-year Extensions

  • 6. KEY CONDITIONS Lease (10 Tyler) • < $16SF NNN Lease $672,000YR • < $7SF NNN $294,000YR • $30K Tenant Improvement Allowance • Sublease Provision • 4 Year Lease

  • 7. SUMMARY BRICKBOTTOM 84,686SF • $1,909,778 / $159,148 200 EXCHANGE 50,000SF • $1,100,000 / $91,666 10 TYLER STREET 42,000SF • $966,000 / $80,500

  • 8. 
 AFFORDABLE ART STUDIOS 32% MAKER MEMBERSHIP 23% STARTUP SPACES 18% EDUCATION PROGRAM 14% COWORKING OFFERING 6% STORAGE SPACE 4% TOURS 2% EVENTS 1% EARNED INCOME POTENTIAL YEAR 1 $2,371,500
  • 9. LET’S TALK
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