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Home My WebLink About20091785.tiffti& COLORADO August 4, 2009 BROCKWAY GLASS CONTAINER INC ONE O-1 PLAZA TAX DEPT ONE MICHAEL OWENS WAY PERRYSBURG, OH 43551-2999 CLERK TO THE BOARD PHONE (970) 336-7215, Ext. 4226 FAX: (970) 352-0242 P. O. BOX 758 GREELEY, COLORADO 80632 RE: THE BOARD OF EQUALIZATION, 2009, WELD COUNTY, COLORADO - DENY PETITIONER'S APPEAL AND AFFIRM ASSESSOR'S VALUE DESCRIPTION OF PROPERTY: ACCOUNT #: R2704603 PARCEL #: 080725200049 - N2NW4 25-6-67 LYING S OF RR EXC BEG NW COR SD SEC 25 S454.84 E30' TO TPOB TH ALG CURVE CONCAVE TO W (R=605) CHORD=S05D32'E 110.15' S0D19'E 228.26' TH ALG CURVE CONCAVE TO NE (R=525') CHORD=S35D05'E 638.29' TH S89D01'W 352.54' TH N0D19'W 834.11' TO TPOB (. Dear Petitioner: On July 30, 2009, the Board of County Commissioners of Weld County, Colorado, convened, and acting as the Board of Equalization, pursuant to Section 39-8-101, C.R.S., et.seq., considered your petition of appeal of the County Assessor's valuation of your property described above, for the year 2009. The Board of Equalization found that the evidence presented at the hearing clearly supported the value placed upon your above described property by the County Assessor. Such evidence indicated the value was reasonable, equitable, and derived according to the methodologies, percentages, figures and formulas dictated to the Weld County Assessor by law. The assessment and valuation of the Weld County Assessor was affirmed as follows: ACTUAL VALUE AS DETERMINED BY ASSESSOR ACTUAL VALUE AS SET BY BOARD $38,476,178 $38,476,178 O / L` ai ( /91-T1c t -t 2009-1785 AS 073 O -(0c, 01 BROCKWAY GLASS CONTAINER INC - R2704603 Page 2 A denial of a petition, in whole or in part, by the Board of Equalization may be appealed by selecting one of the following three options; however, said appeal must be filed within 30 days of the denial: 1. Board of Assessment Appeals: You have the right to appeal the County Board of Equalization's (CBOE's) decision to the Board of Assessment Appeals (BAA). Such hearing is the final hearing at which testimony, exhibits, or any other evidence may be introduced. If the decision of the BAA is further appealed to the Court of Appeals, only the record created at the BAA hearing shall be the basis for the Courts decision. No new evidence can be introduced at the Court of Appeals. (Section 39-8-108(10), C.R.S.) Appeals to the BAA must be made on forms furnished by the BAA, and such appeals should be mailed or delivered within thirty (30) days of denial by the CBOE to: Board of Assessment Appeals 1313 Sherman Street, Room 315 Denver, CO 80203 Phone: 303-866-5880 Fees: A taxpayer representing himself is not charged for the first two appeals to the Board of Assessment Appeals; however, a taxpayer being represented by an agent or an attorney must submit a fee of $101.25 per appeal. OR 2. District Court: You have the right to appeal the CBOE's decision to the District Court of the county wherein your property is located. New testimony, exhibits or any other evidence may be introduced at the District Court hearing. For filing requirements, please contact your attorney or the Clerk of the District Court. Further appeal of the District Court's decision is made to the Court of Appeals for a review of the record. (Section 39-8-108(1), C.R.S.) OR 3. Binding Arbitration: You have the right to submit your case to arbitration. If you choose this option the arbitrator's decision is final and your right to appeal your current valuation ends. (Section 39-8-108.5, C.R.S.) Selecting the Arbitrator: In order to pursue arbitration, you must notify the CBOE of your intent. You and the CBOE select an arbitrator from the official list of qualified people. If you cannot agree on an arbitrator, the District Court of the county in which the property is located will make the selection. Arbitration Hearing Procedure: Arbitration hearings are held within sixty days from the date the arbitrator is selected. Both you and the CBOE are entitled to participate. The hearings are informal. The arbitrator has the authority to issue subpoenas for witnesses, books, records, documents and other evidence. He 2009-1785 AS0073 BROCKWAY GLASS CONTAINER INC - R2704603 Page 3 also has the power to administer oaths, and all questions of law and fact shall be determined by him. The arbitration hearing may be confidential and closed to the public, upon mutual agreement. The arbitrator's written decision must be delivered to both parties personally or by registered mail within ten (10) days of the hearing. Such decision is final and not subject to review. Fees and Expenses: The arbitrator's fees and expenses are agreed upon by you and the CBOE. In the case of residential real property, such fees and expenses cannot exceed $150.00 per case. The arbitrator's fees and expenses, not including counsel fees, are to be paid as provided in the decision. If you have questions or need additional information, please do not hesitate to contact me at (970) 336-7215, Extension 4226. Very truly yours, Esther E. Gesick Deputy Clerk to the Board cc: Christopher Woodruff, Assessor DUCHARME MCMILLEN & ASSOC INC 20830 NORTH TATUM BLVD SUITE 240 PHOENIX, AZ 85050 2009-1785 AS0073 Weld County CHRISTOPHER WOODRUFF COUNTY ASSESSOR BRENDA DONES, DEPUTY ASSESSOR VALUATION REPORT OF COMMERCIAL PROPERTY FOR County Board of Equalization BROCKWAY GLASS CONTAINER INC PETITIONER vs. WELD COUNTY ASSESSOR'S OFFICE RESPONDENT Parcel Number: 0807-25-2-00-049 Schedule Number: R2704603 Log Number: 1292 Date: 07/30/09 Time: 3:30 Board: CBOE PREPARED BY STAN JANTZ Signature Date CBOE_COMM_010998 Page 1 &t9-/7cs SALIENT FACTS AND CONCLUSIONS Purpose of Appraisal To determine Market Value as of 1/1/09 based on an appraisal date of 6/30/08. Property Rights Appraised Unencumbered fee simple interest. Location 11133 Eastman Park Drive, Windsor Land Area 74.8 Acres Zoning Property Type Heavy Industrial Manufacturing Year Built Year Remodeled Quality Class 2005 Good Metal Frame Number of Stories 1 Improvement Sq. Ft. Basement Unfinished Sq. Ft. Basement Finished Sq. Ft. Mezzanine: Value Indications: Land Cost Approach Market Approach Income Approach Assessor's Value 527,500 $1,586,832 $38,476,178 N/A N/A $38,476,178 CBOE_COMM_010998 Page 2 LAND VALUE The comparative sales approach is the most reliable method of land valuation. Pursuant to 39-104- (10.2) (c) C. R. S., the Assessor may utilize sales from July 2001 through June of 2006 to establish the proper value, if sufficient information is not available in the prior 18 months. Also, comparables outside the subject property area may be used. The Weld County Assessor has an established ongoing sales confirmation and validation program for property transactions used in developing value. Comparable Land Sales Address Sale Date Sale Price Land Size Per Sq Ft Subject Comparable 1 Comparable 2 Comparable 3 11133 Eastman Park Drive Windsor 33.75 1.07 Front Range Energy 06/02/05 $1,000,000 1,893,989 .53 31375 Great Western Windsor 43.48 Ac Vestas Blades America 04/17/07 $5,500,000 3,169,707 1.74 11140 Eastman Park Windsor 72.77 Ac Copart Inc 06/03/05 $2,888,700 2,126,164 1.36 1391 CR 27 Brighton 48.81 Ac ASSESSOR'S LAND VALUE $1.07 Per S.F. X 1,469,975 S.F. = $1,567,856 Plus 41.06 Acres Ag Land = $18,976 Total $1,586,832 C BOE_COMM_010998 Page 3 Subject Photos Subject Photos CBOE_COMM_01 Pe Brockway Glass Container Square Footage Manufacturing Areas Location Warehouse Selecting Forming Forming Base Furnace A Fun. A Base Furnace B Fum. B Base Mold Machine Fum. Cont. Rm. A Ref/FH Deck B Ref/FH Deck Hall A to Cont. Rm. Hall B to Cont. Rm. Systems Rm. Store Rm. Maintenance Rm. Batch House Length 500 475 475 475 100 100 100 100 150 100 150 150 60 60 127 100 125 35 35 37.5 150 150 150 150 Width 400 200 100 100 80 80 80 80 75 25 25 25 15 15 125 50 90 33 25 25 54.5 54.5 54.5 54.5 Sq. Ft. 200000 95000 47500 47500 8000 8000 8000 8000 11250 2500 3750 3750 900 900 15875 5000 11250 1155 875 937.5 8175 8175 8175 8175 Total 512,843 Administration Areas Location Production Offices Cafeteria Man & Woman Lock. Hall Cafe to Lock. Lobby Admin. Offices 2"d Floor Mtg. Room Total Length 67 50 50 25 75 75 55 Width 38 25 50 8 25 64 27 Sq. Ft. 2546 1250 2500 200 1875 4800 1485 14,657 Grand Total 527,500 CBOE_COMM_010998 Page 5 COST APPROACH The Assessor is currently using Marshall and Swift cost tables for the cost approach, on commercial properties in Weld County. Marshall and Swift has been approved by the Division of Property Taxation, to be utilized by Colorado Assessors. The structures have been classified properly, utilizing the Marshall and Swift Valuation service, and an appropriate value assigned. COST CALCULATIONS Bldg. No. Occupancy Sq Ft Price RCN 1 1 1 Industrial Manufacturing Storage Warehouse Industrial Office Interior Total RCN Less 2% Depreciation Depreciated Value 2 Rail Car Shelter Less 2% Depreciation Depreciated Value Total Improvements Land Value (Ind & Ag) Total Cost Approach Value Cost Per Square Foot 280,140 104.63 200,000 35.82 14,660 62.21 32,700 $29,311,048 $7,164,000 $911,999 $37,387,047 -$747,741 $36,639,306 7.80 $255,143 -$5,103 $250,040 $36,889,346 $1,586,832 $38,476,178 72.94 CBOE_COMM_010998 Page 6 ACTUAL CONSTRUCTION COSTS REQUEST From: Stan Jantz Sent: Tuesday, July 14, 20092:38 PM To: 'kzdrok@dmainc.com' Subject: Brockway Glass Container INC Dear Sir, I have begun preparing for the 2009 County Board of Equalization hearing on Brockway Glass Container located in Windsor Colorado. Under Colorado Law, the Assessor is required to consider all three approaches to value. For that reason, I am requesting a complete itemized listing of Brockway Glass Container's actual construction costs. Please submit this cost information by email sjantz@co.weld.co.us or fax 970 304-6433 Attn; Stan or by mail 1400 N 17th Avenue Greeley, CO. 80631. This information was requested last year and I was told by Kim Rogers that Owens Illinois was attempting put their actual construction costs details together. See attached file. I thank you in advance for this data, it will be greatly appreciated. Stan Jantz Senior Appraiser Weld County Assessor's Office CBOE_COMM_010998 Page 7 FINAL RECONCILIATION COST APPROACH MARKET APPROACH INCOME APPROACH $38,476,178 N/A N/A ASSESSOR'S VALUE $38,476,178 or 72.94 per sq. ft. CBOE_COMM_07f Paf R2704603 REAL AND PERSONAL PROPERTY NOTICE OF DETERMINATION Christopher M. Woodruff WELD Assessor 1400 N 17th Ave GREELEY, CO 80631 Date of Notice: 6/24/2009 Telephone: (970) 353-3845 Fax: (970) 304-6433 Office Hours: 8:00 AM - 5:00 PM TAX YEAR 2009 TAX ARI=A 0436 BROCKWAY GLASS CONTAINER INC ONE 0-1 PLAZA TAX DEPT ONE MICHAEL OWENS WAY PERRYSBURG, OH 43551-2999 - DESCRIPTION/ ICAL LOCATION N2NW4 25-6-67 LYING S OF RR EXC BEG NW COR SD SEC 25 S454.84 E30' TO TPOB TH ALG CURVE CONCAVE TOW (R=605) CHORD=S05D32'E 110.15' S0D19'E 228.26' TH ALG CURVE CONCAVE TO NE (R=525) CHORD=S35D05'E 638.29' TH S89D01'W 352.54' TH NOD19'W 834.11' TO TPOB (. 11133 64.5 CR WINDSOR, CO 000000000 VACANT LAND INDUSTRIAL AG LAND ACTUAL VALUE PRIOR' 520,000 37,937,202 18,976 ALUATION ACTUAL VALUE) FTER 520,000 37,937,202 18,976 TOTAL $38,476,178 $38,476,178 The Assessor has carefully studied all available information, giving particular attention to the specifics included on your protest. The Assessor's determination of value after review is based on the following: CM06 - The assessor's staff has requested information which is pertinent and critical to proper evaluation of your property's value. Because we have not received this information, we have no choice but to deny any adjustments. Requested construction cost If you disagree with the Assessor's decision, you have the right to appeal to the County Board of Equalization for further consideration, § 39-8-106(1)(a), C.R.S. The deadline for filing real property appeals is July 15. The deadline for filing personal property appeals is July 20. The Assessor establishes property values. The local taxing authorities (county, school district, city, fire protection, and other special districts) set mill levies. The mill levy requested by each taxing authority is based on a projected budget and the pro ert tax revenue required to adequately fund the services it provides to its t bite GI taxing authorities hold budget hearings in the fall. If you are concerned bble7MM11 i we recommend that you attend these budget hearings. Please refer to last year's tax bill or ask your Assessor for a listing of the local taxing authorities. Please refer to the reverse side of this notice for additional ininf�i+ation. Z009 ft ee DUCHARME MCMILLEN & ASSOC INCA �� b— �'^ �n 7 20830 NORTH TATUM BLVD SUITE 240 PHOENIX AZ 85050 DIIIIA-PHX 2009-1785 APPEAL PROCEDURES, County Board of Equalization Hearings will be held from July 1 through August 5 at 915 10"' Street, Greeley, CO To appeal the Assessor's decision, complete the Petition to the County Board of Equalization shown below, and mail or deliver a copy of both sides of this form to: WELD COUNTY BOARD OF EQUALIZATION 915 10TH Street, P.O. Box 758 Greeley, Colorado 80632 Telephone (970) 356-4000 Ext, 4225 To preserve your appeal rights, your Petition to the County Board of Equalization must be postmarked or delivered on or before July 15 for real property and on or before July 20 for personal property — after such date, your right to appeal is lost. You may be required to prove that you filed a timely appeal; therefore, we recommend that all correspondence be mailed with proof of mailing. You will be notified of the date and time scheduled for your hearing. The County Board of Equalization must mail a written decision to you within five business days following the date of the decision. The County Board of Equalization must conclude hearings and render decisions by August 5, § 39-8-107(2), C.R.S. If you do not receive a decision from the County Board of Equalization and you wish to continue your appeal, you must file an appeal with the Board of Assessment Appeals by September 11. If you are dissatisfied with the County Board of Equalization's decision and you wish to continue your appeal, you must appeal within 30 days of the date of the County Board's written decision to ONE of the following: Board of Assessment Appeals District Court 1313 Sherman Street, Room 315 9`" Avenue and 9`" Street, P.O. Box C Denver, CO 80203 Greeley, Colorado 80632 (303) 866-5880 Telephone (970) 356-4000 Ext. 4520 www.dola.colorado.qov/baa Binding Arbitration For a list of arbitrators, contact the County Commissioners at the address listed for the County Board of Equalization. If the date for filing any report, schedule, claim, tax return, statement, remittance, or other document falls upon a Saturday, Sunday, or legal holiday, it shall be deemed to have been timely filed if filed on the next business day, § 39-1-120(3), C.R.S. PETITION TO COUNTY BOARD OF EQUALIZATION What is your estimate of the property's value as of June 30, 2008? (Your opinion of value in terms of a specific dollar amount is required for real property pursuant to § 39-8-106(1.5), C.R.S.) $ 28.490,000 What is the basis for your estimate of value or your reason for requesting a review? (Please attach additional sheets as necessary and any supporting documentation, i.e., comparable sales, rent roll, original installed cost, appraisal, etc.) The proposed 2009p10 Actual Value does not reflect current fair makket value and is, therefore,, excessive. ATTESTATION I I, the undersigne.A owner or agent' of the property identified above, affirm that the statements cont-" d her Si on any attachments r re true and complete. O -Y -2S≥to; 5:3 %6/ ao Telephone Number Date 1 Attach letter of authorization signed by property owner. 15-DPT-AR PR 207-08/08 NOD p'. 1899 DMA DUCHARME, MCMILLEN & ASSOCIATES, INC. CERTIFIED MAIL #7008 1140 0003 7203 6398 July 6, 2009 Board of Equalization Weld County 915 10th St. Greeley, CO 80632 Re: Owens -Brockway Glass Container 11333 County Road 64, Windsor, Colorado Parcel #080725200049 / Account #R2704603 ri To Whom It May Concern: DuCharme, McMillen & Associates, Inc. ("DMA, Inc.") is the duly authorized agent for the above referenced taxpayer. As such, we hereby appeal the Assessor's decision of the 2009p10 real estate assessment, based on our receipt of the Notice of Denial mailed on June 24, 2009. A signed and notarized Letter of Agency, as well as documentation supporting our requested assessment, is included. Pursuant to CRS 39-5-122(2) all correspondence and contact pertaining to this matter must be directed to our firm as the "person presenting the objection and protest". Our address and telephone numbers follow: DuCharme, McMillen & Associates, Inc. ATTN: Kenneth J. Zdrok 20830 North Tatum Boulevard, Suite #240 Phoenix, AZ 85050 (480) 419-2556, ext. 2523 (480) 419-2597, fax kzdrok(admainc.com If you have any questions, or require additional information, please call me at (480) 419- 2556, extension 2523. Sincerely, nneth J. ZcYy'ok Senior Tax nager Enclosures cc: Michael Taylor - Owens-Illinois, Inc. NORTH AMERICA'S CHOICE FOR CORPORATE TAX SOLUTIONS 20830 N. Tatum Blvd., Suite 240 • Phoenix, AZ 85050-7263 • 480-419-2556 • Fax: 480-419-2597 • www.dmainc.com Account Number: R2704603 Parcel Number: 080725200049 Owner Name: Owens -Brockway Glass Container REAL PROPERTY QUESTIONNAIRE REAL PROPERTY QUESTIONNAIRE Attach additional documents as necessary. This approach to value uses comparable sales from the appropriate time period to determine the actual value of your property. The following items, if known, will help you estimate the market value of your property. If available, attach a copy of any appraisal or written estimate of value. Have similar properties in your immediate neighborhood sold within the 18 -month data gathering period? DATE SOLD PROPERTY ADDRESS SELLING PRICE ** SEE ATTACHED ** Based on these sales and accounting for differences between sold properties and your property, state the value of your property. $28,490,000 This approach to value uses replacement construction costs from the appropriate time period to determine the value of your property. The following items, if known, will help you estimate the replacement cost of your property. YEAR BUILT BUILDER ORIGINAL CONSTRUCTION COST List all changes made to your property prior to January 1 of the current year, i.e., remodeling of storefront; expansion of storage area; addition to parking, service or manufacturing area. DATE DESCRIPTION OF CHANGE COST Is your structure in typical condition for its age? If not, why? Based on the replacement cost of construction and of any changes, including depreciation, state the total value of your property. $ This approach to value converts economic net income from the appropriate time period into present worth. If the property was rented or leased, attach operating statements showing rental and expense amounts for this property. Indicate square foot rental rate for all tenants. (Attach rent and lease schedule) If known, list rents of comparable properties. If available, attach operating statements showing rental and expense amounts for comparable properties. If an appraisal using the income approach was conducted, please attach. State your final estimate of the property's value. $28,490,000 15-AR-DPT ARL V0L 2 1-84 Rev 03-09 Agent's Name Rlnf!ne2. a :kir! PRQPPRTY TY w SLrTER ur i; 7 • PuCharnfe. McMillen & Associates. IfC. r.twi”.i;.ra s� r L.---htl1G SJitt�t�,'?'ii duy yore, *L>elortips ,jparrit-4 property in We.in County, C.c:craoo: Gwens-Brockway Glass Container, Inc. 14 � w firs^x - A � R4_ Wint,tn -_ T '2 R.7 YI.1ZiuJ i� a .IV UVeYVV Owens -Ulm*. Inc. One Michael Owens way penysb rp, OW43551'2999 + 1 567 336 5300 te' This authorization is specific ro the tal:oh:no tax year(_: 2009610 ark 2i1_, 1_ relftiaR. Se;we s /Typed SroR6turei Assistant Treasurer Lvv. w 9, ^%!e s. Owens -Brockway Gass Container InC. ��0ri5{'�8nrj JI J State o`' n% t- A_ County ct: 4(/VV,D The foregoing instrument waS du!y acknowledged txfvre me Dy jPS to Se/P"ertfor the uses and ourooses therein expressed. 941 w mess r.1y `land and Notarial Seal, this ay of II �(n L/ 2009. ! Zr'Fv� C 1 .421 -di P. thlic My coat * is3:ori expires: / /n �f r.'/mss w11Li:.r 7 e. 5..?�1isAss 77. Owens -Brockway Glass SALE PRICE O a) m�N J CONDITION > 0 o Q Q N LL CO N O w QCC C LOCATION N w CO 10 a co CO 1 co (c 9 0 (7 O O O n to 0 N r V w 2 co co ✓ NCO O. L O CO 0 GD (O O ai co Ea 0000 O O O O O O o r N O N,- Co D ✓ ^» t0 0) w w ra CN) CO') 0 CO Co(0 • a CO CO 0 6 it N N t+/ NO7 O) N 0 0 N ✓ a o o W O I- N N N CO r r r O CD O O O 0 0 co c) o t a N M M C a`) E 0 L _ v 0 J < 0 ✓ N V CAS, w w ga I E CO z w cc 7 0 C LL O Z 0 5 CO 3= N C)7 R COD W tOO 0' m 493 a w w e p e 0 0 0 O N O N e sss O O O 0 66uivi o e v a o 0000 m d o N v o e o 0 • 0 0 O 0 • O O O O J <0 sees 0 0 0 0 O O O O ✓ ovo N O O O O Co 00 CEO 7 N 7 7 • fin N cacao O O 0 O z r NCO R e "a m E 00 COD Owl V' et N N Or • C wce Raymond �pre�O� T Jamestown Rowone°. aendale old Hill. Sumorerville Wallatreoe 9aiine *Sugarloaf El Vado 119 Sunnyside Eldorado Springs aclolus Wondervu *Crescent Village •Twin Spruce Golden Gate Canyon State, ' Park Smith Hie Goble ,d'C4er Creek/'.;_,.R Plea ent. kroJtq °� •Cody Park fyiVirtlgal C2idt Rambo rig Dominion Pleasant leasent Vi .- Idaho Creek. 000ai iu Plumbs Canfield o °Erla. .. Valmont - :Hlneinile'{ Atapahoe Rd °Comer Denver Li Aurora Golds; : Platteville • Gowandaa, ,9 0Madduz Moore Harney RidgeVollmer. ?one 4: Firestone ?one ,r • tie,. �Frederlck •es coedit'. '��r C I `°� fort Lupton e �- 0 Powers SMVrains Weltenberg Lochhule ghtan, 7 Bart Lake „Hinders Lake . (IheH @M a y� Hakime 7lgmton;/ Bala s " „Q #44 e • Rocky MrMele Mountain Arsenals 292,123 SF Industrial/Manufacturing tnoM 1'12542-"$F` ',:l - Il_IrfdU3�1.�aV�Aahu(acC4ring _'_ _=i 265,000 SF Industrial/Manufacturing ir$ F l d;Srrt I/I/M&,ufactutng '_). --C deduct' Keanes 0st ,Manila 9 miles •; rid Curyvuf4.s; A180:1lyf:J.?•`:1J Sold: $17,100,000 ($58.54/SF) Sold: $i 200 000•(S56 07/Sr) • Sold: $16,114,000 ($60.81/SF) Sold $6i835d0($43/SF)':' This copyrighted raped °onion roses licensed to nuotarme, Malden &Associates, Inc. -455075. 5/20/2009 Page 1 Recorded Seller: True Seller: Recorded Buyer: True Buyer: Buyer Broker: L U ttlCNJAU .NtrC , 3,11.J r;l i. &f Jt1 t,a t16:1- r Yt-$.h 'al ( it sit(jt �(!IIYJIe, ,)PI itir Ascendant Capital Partners DNA LLC Ascendant Development Corporation Robert Melun 1165 S Pennsylvania St Denver, CO 80210 (303) 551-7170 No Buyer Broker on Deal Listing Broker: Al 430 Ave J3000 Jlyi oull (4,44.4.11492&3 I; I The Denver Newspaper Agency LLP Denver Newspaper Agency David Licko 13949 W Colfax Ave Lakewood, CO 80401 (303) 812-5000 CB Richard Ellis James Bolt (720) 528-6310 Sale Date: Escrow Length: Sale Price: Asking Price: Price/SF: Price/SF Land Gross: Percent Leased: Tenancy: Transfer Tax: Financing Legal Desc Parcel No Document No 02(08/2008 100 days $17,100,000 -Confirmed $58.54 $9.59 100.0% Single $1,710 Sale Type: Bldg Type: Year Built/Age: RBA: Land Area: Percent Improved: Total Value Assessed: Improved Value Assessed: Land Value Assessed: Land Assessed/SF: OwnerlUser Manufacturing Built in 1988 Age: 22 292,123 SF 40.92 AC (1,782,475 SF) 35.7% $8,736,000 In 2007 $3,119,400 $5,616,600 $3.00 Down payment of $2,600,000.00 (15.2%) $14,500,000.00 from Mesa West R E Income Fund per nw 1/4 nw 114 nw 1/4 sw 1/4 nw 1/4 nw 1/4 sw 1/4 sec 22 is 3s r 68w pm 2222-00-058, 2223-00-085 0017616 This oopyddited report contahs research licensed to DuCtsmle, MCMilen a Associates, Inc. -455075. 5120/2009 Page 1 This is the sale of 292,123 square feet of industrial property which was previously used as Denver Newspaper's Print facility. The seller agreed to a 2 month leaseback and will be vacated by April 2008. The site was acquired for redevelopment. The buyer's plan is to renovate and retrofit the existing improvements and add additional property on the acreage. No details were given, but it was stated that Request for Development plans were sent to developers. There Is a total of 17.5 acres of improvements including parking lots. The balance is developable land. Buyer reported a sales price of $17,500,000. County record Indicated a sales price of$17,100,000 and the seller also confirmed a sales price of $17,100,000. We are unable to determine the discrepancy. Buyer is a relatively new company and a spin-off of www.cmc-group.com Zoned 12 heavy industrial. The buyer represented itself in this acquisition. Market time was not available. Mill Levy 66.897 gal Bldg Type: Bldg Status: Rent/SF/Yr. Bldg Vacant: Building FAR: Office Avail: Max Contig: Smallest Space: Land Area: Lot Dimensions: Ceiling Height: Loading Docks: Cross Docks: Drive Ins: Sprinklers: Rail Line: Manufacturing Built in 1986 0 SF 0.16 0 SF 1,782,475 SF 30'0" 19 ext (bldg. total) No 2 (total) Unknown RBA: % Leased: Stories: Total Avail: Warehouse Avail: CAM Zoning: Owner Type: Owner Occupied: Tenancy: Column Spacing: Levelatars: Crane: Const Type: Rail Spots: Parking: 326 Surface Spaces are available; Ratio of 1.11/1,000 SF Location Information 292,123 SF 100.0% 1 0 SF 0 SF 12 No Single lint Second Address: Metro Market: Submarket: County: CBSA: CSA: DMA: 4501 S Fox St Denver North Central Ind/Upper North Central Ind Denver Denver -Aurora -Broomfield, CO Denver -Aurora -Boulder, CO Denver, CO -NE -WY -NV This mpynghled report contehs research licensed to OuCterme, MCMllen &Associates. Inc. -455075. 5/2012009 Page 2 This ospydsttled report conlehs research licensed to DuClenne, McMilan &Associates Inc. -455075. 512012009 Iif1f•.1.1.04.0••114•4014::-“:-141/ • WW1, 1//IIaa'4 V'IWR!r! .... N./qv OMs t- ..:.>��.. h * $i, Ildw&9xr1`,ni MI" Page 4 2 i'afiI1'u,@XP (av f- iv5CYt(5i.) 4�1_l1 )Jrr IA 2 k'I.l( (>')?: '; l..4t rJ.rCo:(17,9;111,:')lE,r.`nllf12,nf4 PtE 4:tn,SI(rM.titrlrt,.tIiaEuJ.5vl(;I(i;lutlSUst' r; Recorded Buyer: True Buyer: Hoiden Properties Colorado II, LLC Holden Graphic Services George Holden 607 Washington Ave N Minneapolis, MN 55401 (612) 339-0241 Buyer Broker: Jones Lang LaSalle Paul Kahn Recorded Seller: True Seller: Seller Type: Listing Broker: apeelnity R 0 500 yd5 is xepa Jlusaair Cwrulur..92!i ;LVfAL4D.1ile Flextronics USA Inc. Flextronics USA Inc. Michael Marks 2090 Fortune Dr San Jose, CA 95131 (408) 576-7000 Corporation Bitter Real Estate Partners CORFAC International J.R. Bitzer (720) 264-3490 Sale Date: Escrow Length: Sale Price: Asking Price: Price/SF: Price/SF Land Gross: Percent Leased: Tenancy: Transfer Tax: No. of Tenants: Tenants at time of sale: Financing: 05/29/2007 (714 days on market) $7,200,000 -Confirmed $8,000,000 $56.07 $12.64 0.0% Single $720 1 Advance Direct $6,690,000.00 from Associated Bank Sale Type: Bldg Type: Year Built/Age: RBA: Land Area: Percent Improved: Total Value Assessed: Improved Value Assessed: Land Value Assessed: Land Assessed/SF: Legal Desc: Lot 2, Block 2, Del Camino Center P.U.D. & easements Parcel No: 131314005001 a Owner/User Manufacturing Built In 2001 Age: 5 128,422 SF 13.08 AC (569,765 SF) 67.7% $1,606,910 in 2006 $1,087,500 $519,410 $0.00 This copyrighted report conlahe research licensed to DuCianne, MCMilen & Associates, Inc. -455075, 5/20/2009 Page 5 Document No: 3479639 Income/Expense: The buyer plans to occupy the property dba Holden Direct Marketing Group, Inc. Mill Levy: 77.055 Bldg Type: Manufacturing Bldg Status: Built in 2001 Rent/SFNr: - Bldg Vacant: 0 SF Building FAR: 0.23 Office Avail: 0 SF Max Contlg: - Smallest Space: - Land Area: 569,765 SF Lot Dimensions: - Ceiling Height: - Loading Docks: 6 ext (bldg. total) Cross Docks: - Drive Ins: 2 (total) Sprinklers: - Rail Line: None Power: 700a RBA: 128,422 SF % Leased: 100.0% Stories: 2 Total Avail: 0 SF Warehouse Avail: 0 SF CAM Zoning: PUD, Weld County Owner Type: Owner Occupied: Yes Tenancy: Single Column Spacing: - Levelators: 6 ext Crane: Const Type: - Rail Spots: - Parking: 590 free Surface Spaces are available; Ratio of 4.6011,000 SF Location Information Metro Market: Denver Submarket: Weld County IndMeld County Ind County: Weld CBSA: Greeley, CO CSA: Denver -Aurora -Boulder, CO DMA: Denver, CO -NE -WY -NV This copse - Vied report contain research licensed to DuClamle, MCMllen 8 Associates, Inc. - 455075. 6120/2009 Page 6 Recorded Seller: True Seller: r(,}t. �iLu fJ' 11Yvi.0 tii7disrrIrrY, •:',tf7 U('k LI-TtfittlIc1.4711/411.trinnsr• IU Recorded Buyer: True Buyer: Buyer Broker: a?X� i�9it,JJ�t };;rt )(6!,.h), fiVl9 L'J4 talii) i ith.✓:l:v., 21250 Aurora LLC F 8 F Properties Joe Fried 1600 Broadway Denver, CO 80202 (303) 832-5522 No Buyer Broker on Deal res s rro�11r1i ViglEarth" Listing Broker: 500 Ids S:017a Ultras:at Cerpr..^ 9dCEd 1LY/Id:t �A'lU Pera 36th Drive, Inc. Jones Lang LaSalle Americas, inc. Joy Lohman 950 17th St Denver, CO 80202 CB Richard Ellis Doug Viseur (720) 528-6378 Sale Date: Escrow Length: Sale Price: Asking Price: Price/SF: Price/SF Land Gross: Percent Leased: Tenancy: Transfer Tax: No. of Tenants Tenants at time of sale Financing Legal Desc Parcel No Document No 03130/2007 30 days $16,114,000 -Confirmed $60.81 $22.99 100.0% Single $1,611.40 Sale Type: Bldg Type: Year Built/Age: RBA: Land Area: Percent Improved: Total Value Assessed: Improved Value Assessed: Land Value Assessed: Land Assessed/SF: 1 Firestone Building Products Down payment of $2,764,000.00 (17.2%) Lot 1, Aurora Business Center Fig. No. 22 1821-26.1.01-001 0034818 Investment Manufacturing Built in 2002 Age: 4 265,000 SF 16.09 AC (700,880 SF) 86.2% $3,304,260 in 2008 $2,846,940 $457,320 $0.00 This copyrighted report contain research licensed to DuClenne, McMilen &Associates. Inc -455075. 5120/2009 Page 7 Sale History: Sold for $16,114,000 ($60.81/SF) on 03/30/2007 Sold for $12,060,000 ($45.51/SF) on 11/12/2002 Income/Expense: Buyer reported that Firestone Building Products is on a 10 -year lease, that commenced in October of 2002, with two five-year options to renew. The buyer was not at liberty to disclose any further financial data due to a signed confidentiality agreement. Market Time: Reportedly the property was not on the market at the time of the sale; the buyer approached the seller directly. Miscellaneous: Reportedly, at the time of the sale there was no deferred maintenance. Mill Levy: 119.194 Bldg Type: Bldg Status: RentiSF/Yr: Bldg Vacant: Building FAR: Office Avail: Max Contig: Smallest Space: Land Area: Lot Dimensions: Ceiling Height: Loading Docks: Cross Docks: Drive Ins: Sprinklers: Rail Line: Property Mix: Utilities: Parking: Manufacturing Built in 2002 0 SF 0.38 0 SF 700,880 SF 32'0" 6 ext (bldg. total) 5/14'0"w x 20'0"h (total) ESFR None Industrial Office RBA: % Leased: Stories: Total Avail: Warehouse Avail: CAM Zoning: Owner Type: Owner Occupied: Tenancy: Column Spacing: Levelators: Crane: Const Type: Rail Spots: 254,400 SF (96.0%) 10,600 SF (4.0%) Gas - Natural, Heating, Sewer - City, Water - City 50 free Surface Spaces are available; Ratio of 0.19/1,000 SF Location Information 285,000 SF 100.0% 1 0 SF 0 SF M-1 No Single None Steel None Metro Market: Submarket: County: CBSA: CSA: DMA: Map(Page): Denver East l-701Montbello Ind/SW DIA/Pena Blvd Ind Adams Denver -Aurora -Broomfield, CO Denver -Aurora -Boulder, CO Denver, CO -NE -WY -NV Pierson Graphics Corp 60-G This copyrighted report °entahs research licensed to DuCterme. McMilan & Associates, Inc. -455075. 5/20/2009 Page 8 Parcel Number: Number: Legal Description: to C�!tugi itii ICa4 1821-26-1.01-001 Lot 1 Aurora Business Center fig #22, lot 2 bk 1 Aurora Business Center Subdiv #14 & lot 1 blk 1 Aurora Business Ctr Subdiv fig County: Adams Thls mpydphted report contehs research licensed to DuCterme, McMillen & Associates. Inc. • 455075. 5/2012009 Page 9 Recorded Seller: U..cl•,,:jA. L)/"!L3, „It, Jll o;r ilfloii .t)01k ; Ir/:7 SJr'Lir� 11 ��,L'!l^Ic C,h�q yJ(:LgtR ^r.)l";UJJ/ Recorded Buyer: True Buyer: Buyer Type: Buyer Broker GE Commercial Finance Business Property Corp GE Commercial Finance Business Property Corp 10900 NE 4th St Bellevue, WA 98004 (425)451-0090 Corporation No Buyer Broker on Deal Virtual Earth" True Seller: Seller Type: Listing Broker: o` .. ..500 yra odes Jluaaull( rpw venr11411311. Al![' 16200 Table Mountain Parkway Investors LLC UBS Realty Investors LLC 242 Trumbull St Hartford, CT 06103 (860) 616-9000 Foreign Bank Grubb & Ellis Riki Hashimoto (303) 572-5545 Mike Wafer (303) 572-5564 Sale Date: Escrow Length: Sale Price: Asking Price: Price/SF: Price/SF Land Gross: Percent Leased: Tenancy: Transfer Tax: No. of Tenants Tenants at time of sale Legal Desc 03107/2007 (21 days on market) 60 days $9,782,500 -Confirmed $43.00 $16.04 100.0% Multi $978.25 Sale Type: Bldg Type: Year Built/Age: RBA: Land Area; Percent Improved: Total Value Assessed: Improved Value Assessed: Land Value Assessed: Land Assessed/SF: 2 Gambro Renal Products; Rocky Mountain Bottle COompany Lot 23-A, Coors Technology Center Replat A Investment Manufacturing Built in 1998 Age: 9 227,500 SF 14 AC (609,840 SF) 80.0% $3,484,090 in 2006 $2,787,280 $696,810 $1.00 This copyrighted report canlaha research licensed to DuCtem,e, McMillen &Associates, Inc. -455075. 5/20/2009 Page 10 itnp/Cl l'-aw)jt Parcel No Document No Sale History 30-242-02-020 0035186 Sold for $9,782,500 ($43.00ISF) on 03107/2007 Sold on 09130/1999 n Income/Expense: Buyer reported that the property sold 100% leased; however, was not at liberty to disclose any of the vital financial data due to a signed confidentiality agreement. Miscellaneous: Reportedly, at the time of the sale there was no deferred maintenance. Mill Levy: 94.588 Bldg Type: Bldg Status: Rent/SF/Yr: Bldg Vacant: Building FAR: Office Avail: Max Contig: Smallest Space: Land Area: Lot Dimensions: Ceiling Height: Loading Docks: Cross Docks: Drive Ins: Sprinklers: Rail Line: Property Mix: Power. Utilities: Parking: Features: Manufacturing Built in 1998 0 SF 0.37 0 SF 609,840 SF 30'0" 6 ext (bldg. total) No 1/16'0"w x 18'0"h (total) ESFR None RBA: % Leased: Stories: Total Avail: Warehouse Avail: CAM Zoning: Owner Type: Owner Occupied: Tenancy: Column Spacing: Levelators: Crane: Const Type: Rail Spots: Industrial 220,675 SF (97.0%) Office 6,825 SF (3.0%) 460v 3p Heating - Gas 227 free Surface Spaces are available; Ratio of 1.00/1,000 SF Partial Stories Exist Location Information 227,500 SF 100.0% 1 0 SF 0 SF PUD Corporation No Multi 50'w x 50'd None Masonry None K's Park Name: Located: Metro Market: Submarket: County: CBSA: CSA: DMA: Map(Page): Coors Technology Center SEC Table Mountain Pky & Technology Dr Denver West Ind/West Ind Jefferson Denver -Aurora -Broomfield, CO Denver -Aurora -Boulder, CO Denver, CO -NE -WY -NV Pierson Graphics Corp 14-G (DMA This copyrighted report contain research licensed to Miele/me. MOMllen &Associates, Inc. - 455075. 5/20/2009 Page 11 f? Cru(c l iJllli Ifk;iJ Parcel Number: 30-242-02-020 Legal Description: Lot 23A Coors Technology Center Replat A Exemp Survey #10 Golden County: Jefferson This copyrighted report content research licensed to DuClemo, McMllen & Associates. Inc. -455075. 5120/2009 Page 12 ;;T: COLORADO July 16, 2009 BROCKWAY GLASS CONTAINER INC ONE O-1 PLAZA TAX DEPT ONE MICHAEL OWENS WAY PERRYSBURG, OH 43551-2999 Dear Petitioner(s): CLERK TO THE BOARD PHONE (970) 356-4000 EXT 4226 FAX: (970) 352-0242 WEBSITE: www.co.weld.co.us 915 10TH STREET P.O. BOX 758 GREELEY, COLORADO 80632 Parcel No.: 080725200049 Account No.: R2704603 The Weld County Board of Equalization has set a date of July 30, 2009, at or about the hour of 3:30 PM, to hold a hearing on your valuation for assessment. This hearing will be held at the Weld County Centennial Center, First Floor Hearing Room, 915 10th Street, Greeley, Colorado. You have a right to attend this hearing and present evidence in support of your petition. The Weld County Assessor or his designee will be present. The Board will make its decision on the basis of the record made at the aforementioned hearing, as well as your petition, so it would be in your interest to have a representative present. If you plan to be represented by an agent or an attorney at your hearing, prior to the hearing you shall provide, in writing to the Clerk to the Board's Office, an authorization for the agent or attorney to represent you. If you do not choose to attend this hearing, a decision will still be made by the Board by the close of business on August 5, 2009, and mailed to you on or before August 12, 2009. Because of the volume of cases before the Board of Equalization, all cases shall be limited to 15 minutes. Also due to volume, cases cannot be rescheduled. It is imperative that you provide evidence to support your position. This may include evidence that similar homes in your area are valued less than yours or you are being assessed on improvements you do not have. Please note: The fact that your valuation has increased cannot be your sole basis of appeal. Without documented evidence as indicated above, the Board will have no choice but to deny your appeal. If you wish to obtain the data supporting the Assessor's valuation of your property, please submit a written request directly to the Assessor's Office by fax (970) 304-6433, or if you have questions, call (970) 353-3845. Upon receipt of your written request, the Assessor will notify you of the estimated cost of providing such information. Payment must be made prior to the Assessor providing such information, at which time the Assessor will make the data available within three (3) working days, subject to any confidentiality requirements. BROCKWAY GLASS CONTAINER INC - R2704603 Page 2 Please advise me if you decide not to keep your appointment as scheduled. If you need any additional information, please call me at your convenience. Very truly yours, BOARD OF EQUALIZATION Esther E. Gesick Deputy Clerk to the Board cc: Christopher Woodruff, Assessor DUCHARME MCMILLEN & ASSOC INC 20830 NORTH TATUM BLVD SUITE 240 PHOENIX, AZ 85050 Owens -Brockway Glass Container, Inc. 2009 Tax Year Date Filed: 07/06/2009 Parcel Number 80725200049 Account Number R2704603 Property Type: Industrial Mfg Acres Sq. Footage Land Size 74.806 3,258,549 Land Value $1,586,832 = $0.49 $/SF Land/Building Ratio 6.18.1 Square Feet 527,500 Age: 5 Property Address. 1113364 CR City. Windsor Office Percentage: 3% Market Approach Value. $ 28,490,000.00 Per Sq. Foot. 54.00 Cost Approach Value. Not Applicable Per Sq. Foot: Not Applicable Income Approach Value: Not Applicable Per Sq. Foot: Not Applicable Assessed Value. $ 38,476,178.00 Per Sq. Foot. 72.94 COMMENTS: Subject is a limited market, industrial manufacturing facility constructed in 2004 with a steel frame and metal sandwich panel walls. Overall, the property is in good condition for its age and use. Prior assessment $37,039,805 represents an increase notwithstanding additional physical depreciation, including bentonite damage, roofing problems, and economic obsolecence from the intervening economic recession. The assessors records incorrectly reflect that the facility has "Complete HVAC" which amounts to $13.36 SF of RCN. Colorado adjusted comps reflect a range of between $40.85 and $61.46. A greater than midpoint value of $54.00 / SF was chosen. This corresponds to a rounded value of $28,490,000. A virtually identical property has been located out of state in Waldbridge, OH. It has the same construction type, wall material, wall heights, loading docks, rail spurs, towers, cranes and heavy power as the subject. It is superior to the subject in that it is smaller in size and has package HVAC in the building. It yielded $4.6M at sale which amounts to over 8 times what the assessor has the subject valued at. The conpable sold for $13.71 SF--- even with net adjustments up by 25% to account for the subject's age, a value of $17.14 is indicated. The taxpayer is asking that the board approve a value over 3 times higher than this market comp. IEXHIBIT 8rociCu.w4 G� (1-a27nLF(o0`99 I Identify Results Page 2 of 3 Total Property Value $38,476,178 $11,158,100 Building Details Account#: R2704603 Parcel#: 080725200049 Owners Name & Address: BROCKWAY GLASS CONTAINER INC ONE O-1 PLAZA TAX DEPT ONE MICHAEL OWENS WAY PERRYSBURG, OH 43551-2999 Building# 1 PropertyAddress: Street: 11133 64.5 CR WINDSOR City: WINDSOR Property Type Commercial Individual Built As Detail Built As: Indust Heavy Manufacturing Year Built: 2004 Exterior: HVAC: Complete HVAC Interior Finish: Built As SQ Ft: 494800 # of Baths: 0 Roof Type: Steel Frame # of Bdrms: 0 Roof Cover: # of Stories: 2 Rooms: 0 Units: 0 Garage_ Attached SQ Ft: Basement: Total SQ Ft: Detached SQ Ft: Finished SQ Ft: Account#: R2704603 Parcel#: 080725200049 Owners Name & Address: BROCKWAY GLASS CONTAINER INC ONE O-1 PLAZA TAX DEPT ONE MICHAEL OWENS WAY PERRYSBURG, OH 43551-2999 Building# 2 Property Address: Street: 11133 64.5 CR WINDSOR City: WINDSOR Property Type Commercial Individual Built As Detail Built As: Indust Heavy Manufacturing Year Built: 2004 Exterior: HVAC: Complete HVAC Interior Finish: Built As SQ Ft 32700 # of Baths: 0 Roof Type: Steel Frame # of Bdrms: 0 Roof Cover: # of Stories: 1 http://maps2.merrick.com/Website/Weld/setSgl.asp?cmd=QUERY&DET=PP&pin=08072... 5/18/2009 1 Print - Maps Page 1 of 1 ► Live Search Maps County Road 64, Windsor, CO 80550 My Notes w NEW! Try Live Search 411 Ill Dial 1 -800 -CALL -411 for latest info http://maps.live.com/print.aspx?mkt=en-us&z=17&s=h&m=3&cp=gr9pns67w2nd&poi=County Road 64,... 7/28/2008 I I I I II I 1 REALTOR!' SIGNATURE ASSOCIATES THE TEAM No Signature. No Results. Commercial Real Estate Brokers/Advisors Property Management Consultants M t depe.drv7 owed .-4 operated wWir..Wt d Mt CUSHMAN & VP WAKEFIELD ALLIANCE Four SeaGate Suite 608 Toledo, Ohio 43604 W9ks Rd . Vats Rd c 0 a 3 °I Walbndee Rd N r 33 m MNo.E www.signatureassociates.com INVESTMENT FOR SALE MATERIAL SOLUTIONS 30610 EAST BROADWAY WALBRIDGE, OH 43465 SALE PRICE: $4,500,000 General Information: Building Size: 335,484 square feet Number of Stories: 1 Year Constructed: 1980 Condition: Excellent Acreage: 51.86 Land Dimensions: Irregular Closest Cross Street: Wales Road County: Wood Zoning: Industrial Parking: 150 spaces Curb Cuts: I Street: 2 lane For more information, contact: 419/249-7070 Ken Marciniak, SIOR — ext. 6302 kmarciniak@signatureassociates.com The information contained herein is from sources deemed reliable, but no warranty or representation is made as to accuracy thereof. It is subject to correction of errors, omissions, change of price prior to sale or withdrawal from market, all without notice. Further, no warranty or representation is made in regard to any environmental condition that may or may not exist SIGNATURE ASSOCIATES THE TEAM No Signature. No Results. REAITOR.s Commercial Real Estate Brokers/Advisors Property Management Consultants • M edepwa.Jr....a and award ah..w. of the CUSHMAN a WAKEFIELD ALLIANCE Four SeaGate Suite 608 Toledo, Ohio 43604 Building Specifications: Office Space: 9,644 square feet Shop Space: 325,840 square feet Exterior Walls: Pre-engineered metal Structural System: Pre-engineered metal Roof: Metal Floors: Concrete — 8" to 10" Coverings: Carpet Ceiling Height: 46' to 55 Basement: No Heating: Gas Air Conditioning: Yes Power: 138 KVA Security System: Yes Restrooms: 9 Overhead Door: 15 Truck Well/Dock: 6 Sprinklers: Wet system Signage: Yes Rail: CSX Cranes: 4 — 27 ton, 2 — 10 ton and 1 — 5 ton Underhook: 35' to 40' Floor Drains: Yes Real Estate Taxes as of 2007: Parcel: 28-712-050000021000 Total Annual Taxes: $177,919.84 www.signatureassociates.com INVESTMENT FOR SALE MATERIAL SOLUTIONS 30610 EAST BROADWAY WALBRIDGE, OH 43465 Building Information: Current Occupants: Material Solutions Lease Details: Tenant currently pays $560,513.16 annually NNN ($1.67 per square foot). The rental rate increases per the CP1 each May 1st. Tenant is responsible for all expenses pertaining to the property. Lease runs thru April 30, 2012. Front Office Details: • Remodeled within last 10 years. • New ceilings, carpet and wallpaper/paint. • Private, individual offices as well as a general open area office. • One set of restrooms. • Kitchenette, several conference rooms and break room. For more information, contact: 419/249-7070 Ken Marciniak, SIOR — ext. 6302 kmarciniak@signatureassociates.com The information contained herein is from sources deemed reliable, but no warranty or representation is made as to accuracy thereof. It is subject to correction of errors, omissions, change of price prior to sale or withdrawal from market, all without notice. Further, no warranty or representation is made in regard to any environmental condition that may or may not exist. APSI TORS SIGNATURE ASSOCIATES THE TEAM No Signature. No Results. Commercial Real Estate Brokers/Advisors Property Management Consultants Mend and oW ted ate.f of it. At CUSHMAN & *g WAKEFIELD. ALLIANCE Four SeaGate Suite 608 Toledo, Ohio 43604 INVESTMENT FOR SALE MATERIAL SOLUTIONS 30610 EAST BROADWAY WALBRIDGE, OH 43465 138 KVA coming into the building. 4 — 27 ton cranes, 2 in each bay (cab controlled). Crane bays — 95' and 85' with 25' columns. www.signatureassociates.com 2-600/1-175 horse powered boilers, Clever Brooks. Boilers are for processing as well as heating. For more information, contact: 419/249-7070 Ken Marciniak, SIOR — ext. 6302 kmarciniak(c�signatureassociates.com The information contained herein is from sources deemed reliable, but no warranty or representation is made as to accuracy thereof. It is subject to correction of errors, omissions, change of price prior to sale or withdrawal from market, all without notice. Further, no warranty or representation is made in regard to any environmental condition that may or may not exist. i SIGNATURE ASSOCIATES THE TEAM No Signature. No Results. REALTORS' Commercial Real Estate Brokers/Advisors Property Management Consultants A•, ed.eeesrw cad .ad operated erfertto d me h CUSHMAN & oak WAKEFIELD ALL I A N C E Four SeaGate Suite 608 Toledo, Ohio 43604 CSX rail into building. INVESTMENT FOR SALE MATERIAL SOLUTIONS 30610 EAST BROADWAY WALBRIDGE, OH 43465 2 towers within the manufacturing bay that extend into the air 110'. Additional Building Notes: • Facility has 2 waste water treatment plant for operational processing water only, not domestic water. • Wet sprinkler system with back-up pumps. • 2 sets of Crossover Rails. • 8 — 3 million BTU steam heating units throughout the plant. • Drive-thru capability for tractor trailers in the same bay as the rail lines. • 6 shop restrooms, one of which is a combination restroom/locker room. • 2 — 10 ton and 1 — 5 ton maintenance cranes in the production bay. • 2 waste water treatment areas for process water. • Environmental standards to QS 14,000 standards every 6 months. • Part storage room with 1 additional restroom. • Electrical control area has a separate HVAC system. • Offices of varying size throughout the plant. • Rail door 16' x 24'. waste www.signatureassociates.com For more information, contact: 419/249-7070 Ken Marciniak, SIOR — ext. 6302 kmarciniak@signatureassociates.com The information contained herein is from sources deemed reliable, but no warranty or representation is made as to accuracy thereof It is subject to correction of errors, omissions, change of price prior to sale or withdrawal from market, all without notice. Further, no warranty or representation is made in regard to any environmental condition that may or may not exist. • REALTORS SIGNATURE ASSOCIATES THE TEAM No Signature. No Results. Commercial Real Estate Brokers/Advisors Property Management Consultants An rapee.ns[ Gad .+d epnted r.rwit el d. 1, �� CUSHMAN& ¶¶;,^ WAKEFIELD ALLIANCE Four SeaGate Suite 608 Toledo, Ohio 43604 INVESTMENT FOR SALE MATERIAL SOLUTIONS 30610 EAST BROADWAY WALBRIDGE, OH 43465 SotP1 A" Toledo I I Of F" = _ P•411t F -,1f T & v d�" a ' 'S 1�r erQA1n Rd tics 4 gkchi* Avt 4 ORO* AY* g sa -e _t 1204 p fn '�t ?a g . E Rd tSf p (taro P.d �{ now : ,� ilA ; I a Northwood Wines 'r R3 W4C S o K X :- t �, A Rnsrford t xi Y\kiln Rd 1ini 0 s1 A 1 'Mate - �, 1 ." Subjeit n a 1, a vatic.. Rd ,no 7,.„4 Propy a r 4 tleees t07 : fP te i&I" E ince St 7' ri'ibrdpe Rd �a� $t GtF .r !�tq7 O $r SO 1;, die ms t ,r •. c u. d Rd n St rcn Rd a., - v E 8 r r, Ayer: Rd d1, Ayer: Rd fait l.nv.rl 4 4 raAyer5 Rd g o E ,wm ri 6�A 1 - w Can: P.d 7Y. Mdrtrts Rd , o , .Tw .e.zy.a.Q X a :: p r _ �� _ Mohre .., n to, .*. ¢ Cdr - Millbury 70S ` 103 Derail Rd r.( 1(da Rd — O � E K to in 1 U Genre* e 7004 Matson �i and* tr lawn natt tb www.signatureassociates.com Distance to h ig h way systems: • l-75 — 2.1 miles • I-75 & Ohio Turnpike — 5.5 miles • State Route 795 — 2 miles • I-280 & SR 795 — 5 miles • I-280 and Ohio Turnpike — 7.8 miles For more information, contact: 419/249-7070 Ken Marciniak, SIOR — ext. 6302 kmarciniak@signatureassociates.com The information contained herein is from sources deemed reliable, but no warranty or representation is made as to accuracy thereof It is subject to correction of errors, omissions, change of price prior to sale or withdrawal from market, all without notice. Further, no warranty or representation is made in regard to any environmental condition that may or may not exist. 4 t E Broadway Rd 0 E Broadway Rd Microsoft' Virtual Earth" Address 1 City 30610 E Broadway St Walbridge Property Info 335,484 SF Industrial/Manufacturing 250 yc i J*A:LL 'Jiff tii: L'_r w_;•Jr J'- 1 ,./rra. Sale Info Sold: $4,600,000 (813.71/SF) This copynghted report contans research licensed to DuCI•erme. McMillen & Associates Inc. - 455075. .....<,..,(...,,,... 7/29/2009 Page 1 1 30610 E Broadway St - MSC Walbridge Coatings SOLD Walbridge, OH 43465 - Perrysburg/Northwood Ind Submarket Sale on 10/24/2007 for 84,600,000 (813.71/SF) - Research Complete 335,484 SF Class B Manufacturing Building Built in 1980 • 4 e ` \ ...:. 4 ~ -4 • in le :- - W o 500 ydh Microsoft' t Virtual m Earth' �_u:ajig W1t: w_.v :ILL I•JIit: Lai ,-lb Buyer & Seller Contact Info Recorded Buyer: Midland Agency Recorded Seller: Corporate Property Associates (3/5) Etal (2/5) 30610 Broadway St Walbridge, OH 43465 True Buyer: ZZ New Beginnings Properties LLC Seller Contact: Donna Neiley Buyer Broker: Signature Associates Listing Broker: Signature Associates Germano Bressan Ken Marciniak (419) 249-6309 (419) 249-6302 Transaction Details ID: 1458235 Sale Date: 10/24/2007 (96 days on market) Sale Type: Investment Escrow Length: - Bldg Type: Manufacturing Sale Price: $4,600,000 -Confirmed Year Built/Age: Built in 1980 Age: 27 Asking Price: $4,500,000 RBA: 335,484 SF Price/SF: $13.71 Land Area: 72 AC (3,136,320 SF) Price/SF Land Gross: $1.47 Percent Leased: 100.0% Tenancy: Single Percent Improved: 87.5% Pro Forma Cap Rate: 8.32% Total Value Assessed: $10,102,300 Actual Cap Rate: 8.50% Improved Value Assessed: $8,839,200 Transfer Tax: $13,800 Land Value Assessed: $1,263.100 Land Assessed/SF: $0.00 No. of Tenants: 1 Tenants at time of sale: MSC Walbridge Coatings Financing: $3,680,000.00 from Fifth Third Bank Legal Desc: Por par W2 sec 5 T7N R12E Lake Township. Parcel No: h28-712-050000021000, h28-712-050000021100, h28-712-050000025000, h28-712-050000026000 Document No: 0718795 This copyrighted report contahs research licensed to DuCrerme McMillen & Associates, Inc. - 455075 7/29/2009 Page 1 1 30610 E Broadway St - MSC Walbridge Coatings 335,484 SF Class B Manufacturing Building Built in 1980 (con't) SOLD Transaction Notes No Plat map available to attach. Buyer and seller brokers confirmed sale. Current Industrial Information ID: 1107908 Bldg Type: Bldg Status: Rent/SF/Yr: Bldg Vacant: Building FAR: Office Avail: Max Contig: Smallest Space: Land Area: Lot Dimensions: Ceiling Height: Loading Docks: Cross Docks: Drive Ins: Sprinklers: Rail Line: Power: Utilities: Parking: Features: Manufacturing RBA: Built in 1980 % Leased: For Sale Only Stories: 0 SF Total Avail: 0.11 Warehouse Avail: 0 SF CAM - Zoning: - Owner Type: 3,136,320 SF Owner Occupied: - Tenancy: 46'0"-55'0" Column Spacing: None (bldg. total) Levelators: - Crane: 15 (total) Const Type: Wet Rail Spots: CSX Heavy Heating - Gas 150 free Surface Spaces are available; Ratio of 0.45/1,000 SF Fenced Lot, Floor Drains, Signage Location Information 335.484 SF 100.0% 1 0 SF 0 SF - Industrial - No Single - None 7/5-27 tons Metal Yes Metro Market: Submarket: County: CBSA: CSA: DMA: Toledo Perrysburg/Northwood Ind/Perrysburg/Northwood Ind Wood Toledo, OH Toledo -Fremont, OH Toledo, OH -MI a DvC.(w U(*.,,. I MM(..•.. ftir This copyrighted report contans research licensed to DuClarme. McMillen & Associates, Inc - 455075 7/29/2009 Page 2 Raymond 7 *Jamestown Rowena old H II * Summerville Wallstree. ° Salina *Sugarloaf 0E1 Vado 0 �1'19i Sunnyside Glendale Eldorado Springs* 93 Pat:talus oli ondervu *Crescent Vi'+age Golden Gate Canyon State Park $rn'tn Hi Twin Spruce N'' . : rvlKrosoft - Virtual Earth`' Rancho *Clay Hygiene N iwotQ Valmont i Gold+era. *Morey • cFonamont Harney Pleasant Vi *Harney Pa ectii Gowanda* Dominion 0 Idaho Creek Gooding* Canted. Arapahoe Rd Imo Ara 0 113oulder \%)1S'11 Lbuisvdie oLafayetto-__LI o �� x=470; Superior_ 877 > *Erie Platteville o raddux 0 Moore Vollrnaro Firestone 0 *Frederick Plumtss 0 Dacono St Vrai nr 0 N inemi le *Corner Broomfield* EaStiatke ,) Hazeltine Heignts 287 * Hazeltine Thornton ;a ICI til Westminster .p �� IrorxfaleRof 93 Leyden 121 •k'� o herrelwood ° Adams C,ty* Arvada ---Al ' _Commerce City A ® Lakeside�.�` / ___ _3t3 li - iWheat Ridge Denver` 4 E Colfax Ave!{ `-, Pleasant View Cody Park 1,-?. 52 lone 85 0 ort Lupton 0 Powars o Vattenbe►g Lochbui e I:Briighton pBarr Lake Barr Hende sn Lake 470- kewcod Glend;-Ele 83 Rocky Mountain Arsenal - Pena Blvd Aurora r J Hudson Tonville 0 Keenes 0 sl 28' 9 mile; 1 1 Address 4400 Fox St 4120 Specialty PI 21250 E 36th Dr City Denver Longmont Aurora Property Info 292,123 SF Industrial/Manufacturing 128.422 SF Industrial/Manufacturing 265,000 SF Industrial/Manufacturing Sale Info Sold: $17,100,000 (S58.54/SF) Sold: $7,200,000 ($56.07/SF) Sold: $16,114,000 ($60.81/SF) 16200 Table Mountain Pky Golden 227.500 SF Industrial/Manufacturing Sold: $9,782,500 ($43/SF) This copyrighted report contans research licensed to DuCtanne. McMillen & Associates. Inc. - 455075. ac-.-• v.V..,• A... r, 5/20/2009 Page 1 t 1 4400 Fox St SOLD Denver, CO 80002 - Upper North Central Ind Submarket Sale on 02/08/2008 for $17,100,000 (S58.54/SF) - Research Complete 292,123 SF Class C Manufacturing Building Built in 1986 0 _�1 74 u_w W Elk P' -_-�,�� t. 71h Ave .� 'mil^ w' W 45th Ave k.4" S 01 iti - IVI'lAve• I 13 it ] W oath Ave tri W ' (00 yam rd Microsoft' W 43rd Ave tti Virtual Earth'" ['T*.' -1 Jt!.!.3alittx:Lai t:�Iy1�.J-. Jam, :DJ -,-.'J.411) I Buyer & Seller Contact Info Recorded Buyer: Ascendant Capital Partners DNA LLC Recorded Seller: The Denver Newspaper Agency LLP True Buyer: Ascendant Development Corporation True Seller: Denver Newspaper Agency Robert Melun David Licko 1165 S Pennsylvania St 13949 W Colfax Ave Denver, CO 80210 Lakewood, CO 80401 (303) 551-7170 (303) 812-5000 Buyer Broker: No Buyer Broker on Deal Listing Broker: CB Richard Ellis James Bolt (720) 528-6310 Transaction Details ID: 1493580 Sale Date: 02/08/2008 Sale Type: Owner/User Escrow Length: 100 days Bldg Type: Manufacturing Sale Price: $17,100,000 -Confirmed Year Built/Age: Built in 1986 Age: 22 Asking Price: - RBA: 292,123 SF Price/SF: $58.54 Land Area: 40.92 AC (1,782,475 SF) Price/SF Land Gross: $9.59 Percent Leased: 100.0% Tenancy: Single Percent Improved: 35.7% Transfer Tax: $1,710 Total Value Assessed: $8,736,000 in 2007 Improved Value Assessed: $3,119,400 Land Value Assessed: $5,616,600 Land Assessed/SF: $3.00 Financing: Down payment of $2,600,000.00 (15.2%) $14,500,000.00 from Mesa West R E Income Fund Legal Desc: por nw 1/4 nw 1/4 nw 1/4 sw 1/4 nw 1/4 nw 1/4 sw 1/4 sec 22 is 3s r 68w pm Parcel No: 2222-00-058, 2223-00-085 Document No: 0017616 This copyrighted report contans research licensed to DuCt•erme. McMillen & Associates, Inc. _ 455075. wc..... r<r.....Mali( ..... .. 5/20/2009 Page 1 V 4400 Fox St SOLD 292,123 SF Class C Manufacturing Building Built in 1986 (con't) Transaction Notes This is the sale of 292.123 square feet of industrial property which was previously used as Denver Newspaper's Print facility. The seller agreed to a 2 month leaseback and will be vacated by April 2008. The site was acquired for redevelopment. The buyer's plan is to renovate and retrofit the existing improvements and add additional property on the acreage. No details were given, but it was stated that Request for Development plans were sent to developers. There is a total of 17.5 acres of improvements including parking lots. The balance is developable land. Buyer reported a sales price of $17.500.000. County record indicated a sales price ofS17,100,000 and the seller also confirmed a sales price of $17,100,000. We are unable to determine the discrepancy. Buyer is a relatively new company and a spin-off of www.cmc-group.com Zoned 12 heavy industrial. The buyer represented itself in this acquisition. Market time was not available. Mill Levy 66.897 Current Industrial Information ID: 6395151 Bldg Type: Manufacturing RBA: 292,123 SF Bldg Status: Built in 1986 °/0 Leased: 100.0% Rent/SF/Yr: - Stories: 1 Bldg Vacant: 0 SF Total Avail: 0 SF Building FAR: 0.16 Warehouse Avail: 0 SF Office Avail: 0 SF CAM - Max Contig: - Zoning: 12 Smallest Space: - Owner Type: - Land Area: 1,782,475 SF Owner Occupied: No Lot Dimensions: - Tenancy: Single Ceiling Height: 30'0" Column Spacing: - Loading Docks: 19 ext (bldg. total) Levelators: - Cross Docks: No Crane: - Drive Ins: 2 (total) Const Type: - Sprinklers: - Rail Spots: 1 int Rail Line: Unknown Parking 326 Surface Spaces are available; Ratio of 1.11/1,000 SF Location Information Second Address: 4501 S Fox St Metro Market: Denver Submarket: North Central Ind/Upper North Central Ind County: Denver CBSA: Denver -Aurora -Broomfield, CO CSA: Denver -Aurora -Boulder, CO DMA: Denver, CO -NE -WY -NV This copyrighted report contans research licensed to DuChnrrne, McMillen & Associates, Inc. - 455075. 5/20/2009 Page 2 4400 Fox St SOLD 292,123 SF Class C Manufacturing Building Built in 1986 (can't) Parcel Number: 2222-00-058, 2223-00-085 Legal Description: - County: Denver Plat Map: 4400 Fox St u,uaas a s �,►g?t IS ip N M..r_- 1,t111 p• ♦• ,t �. I! - jn 1 ) • 1 1 rL �- - p-..—. • • Y f ll ) WI K J M I I ' it i -v, I 4 4 -- '-1 .'1 • i • . .. A ' M 1 +^.-- l.- -Ss a al ..-...w. t---- -r•—•�+ i 7 r. • • t �F C �.. , • - a s D ` - 111 1 lb —_- ' 11-&-i tt i f r -t I �M i �'■� lo R 4 4 a y Y ,. .— `Its la r�_ .. I ,. • .. • �j •' . � . _ p ,.. • 0 - � ist .' lo.w ..._ / \% 43n1 AVE I , 1•_ -•f '■ Is 1► Pp - / -� • IPt W hi r •s r •, / N •1 pu ► • 1, vi 1P 1 •.S ,..a t ,, 11) 3 !t-• .r 1 • 1 ; * le 4 • i t M - -�- 1 f, - 1 a. w a I I I r� IC 1 r a r i 1 a 1. r ate- • id; ♦.-, r ; 1' I. • • $ •• • - , - ...-II —so p s■ r' 1 0 al is i , .0 Y It a •W» .., S% i, j, 42nd AVE t :, it.. ;, ;1,, ' , •. 4400 Fox St SOLD 292,123 SF Class C Manufacturing Building Built in 1986 (con't) Plat Map: 4400 Fox St F it% i la1 i l �d ... J- 1 , mss• _� a S'i4 a what — • • I i • • ul I ' H� • MHli+. 0M►Ahill IfIli .+ lath .E.ssi1 . 4 pRi1117 ;1 WIPES* ~MS fra hi°nilMHIotcretry Ar t 4 Jr l I / -to- ' - - -.4 4 • 4 44 • 4 P . r "7' 1' �h • , ._ „t { .1. ii►� y• R� M U ; ..� a SuNnIMM►IM0MtMRM - 06044 loomp est of las f / . b1a This copyrighted report contahs research licensed to DuCltrme, McMillen & Associates, Inc - 455075 e 5/20/2009 Page 4 2 4120 Specialty PI SOLD Longmont, CO 80504 - Weld County Ind Submarket Sale on 05/29/2007 for $7.200,000 ($56.07/SF) - Research Complete 128,422 SF Class A Manufacturing Building Built in 2001 or R Scat's*lty P nr. t11^-- O I�II:i�Lilil� hu l 4 ii M., IIIII "r" ,s Microsoft' LL ; Virtual Earth"' :0_t.isiji1t4ufitu,s ,:....to:IL: i.ir!.:. x..12) Buyer & Seller Contact Info Recorded Buyer: Holden Properties Colorado II. LLC Recorded Seller: Flextronics USA Inc. True Buyer: Holden Graphic Services True Seller: Flextronics USA Inc. George Holden Michael Marks 607 Washington Ave N 2090 Fortune Dr Minneapolis, MN 55401 San Jose, CA 95131 (612) 339-0241 (408) 576-7000 Seller Type: Corporation Buyer Broker: Jones Lang LaSalle Listing Broker: Bitzer Real Estate Partners CORFAC Paul Kahn International J.R. Bitzer (720) 264-3490 Transaction Details ID: 1324332 Sale Date: 05/29/2007 (714 days on market) Sale Type: Owner/User Escrow Length: - Bldg Type: Manufacturing Sale Price: $7,200,000 -Confirmed Year Built/Age: Built in 2001 Age: 5 Asking Price: $8,000,000 RBA: 128,422 SF Price/SF: $56.07 Land Area: 13.08 AC (569,765 SF) Price/SF Land Gross: $12.64 Percent Leased: 0.0% Tenancy: Single Percent Improved: 67.7% Transfer Tax: $720 Total Value Assessed: $1,606,910 in 2006 Improved Value Assessed: $1,087,500 Land Value Assessed: $519,410 Land Assessed/SF: $0.00 No. of Tenants: 1 Tenants at time of sale: Advance Direct Financing: $6,690,000.00 from Associated Bank Legal Desc: Lot 2, Block 2, Del Camino Center P.U.D. & easements Parcel No: 131314005001 This eopynghted report contans research licensed to DuCrerne. McMillen & Associates, Inc - 455075 5/20/2009 Page 5 4120 Specialty PI 128,422 SF Class A Manufacturing Building Built in 2001 (con't) SOLD Document No: 3479639 Transaction Notes Income/Expense: The buyer plans to occupy the property dba Holden Direct Marketing Group, Inc. Mill Levy: 77.055 Current Industrial Information ID: 613031 Bldg Type: Bldg Status: Rent/SF/Yr: Bldg Vacant: Building FAR: Office Avail: Max Contig: Smallest Space: Land Area: Lot Dimensions: Ceiling Height: Loading Docks: Cross Docks: Drive Ins: Sprinklers: Rail Line: Power: Parking: Manufacturing RBA: Built in 2001 % Leased: - Stories: 0 SF Total Avail: 0.23 Warehouse Avail: 0 SF CAM - Zoning: - Owner Type: 569,765 SF Owner Occupied: - Tenancy: - Column Spacing: 6 ext (bldg. total) Levelators: - Crane: 2 (total) Const Type: - Rail Spots: None 700a 590 free Surface Spaces are available; Ratio of 4.60/1,000 SF Location Information 128,422 SF 100.0% 2 0 SF 0 SF - PUD, Weld County - Yes Single - 6 ext - - - Metro Market: Submarket: County: CBSA: CSA: DMA: Denver Weld County Ind/Weld County Ind Weld Greeley, CO Denver -Aurora -Boulder, CO Denver, CO -NE -WY -NV This copyrighted report confabs research licensed to DUCtarme, McMillen & Associates. Inc - 455075 5/20/2009 Page 6 3 21250 E 36th Dr - Firestone Building Products Aurora, CO 80011 - SW DIA/Pena Blvd Ind Submarket Sale on 03/30/2007 for $16,114.000 ($60.81/SF) - Research Complete 265,000 SF Class B Manufacturing Building Built in 2002 SOLD -1> IBth Ave I;1 PI 500 7th 1 E 38th t:Lizw_:t•. 1_:.a as:a, Q4i ?1- Microsoft' Virtual Earth' v ii.,IL :nib .,, .fi:Jib Buyer & Seller Contact Info Recorded Buyer: 21250 Aurora LLC Recorded Seller: True Buyer: F & F Properties True Seller: Joe Fried 1600 Broadway Denver. CO 80202 (303) 832-5522 Buyer Broker: No Buyer Broker on Deal Listing Broker: Pera 36th Drive, Inc. Jones Lang LaSalle Americas, Inc. Joy Lohmann 950 17th St Denver, CO 80202 CB Richard Ellis Doug Viseur (720) 528-6378 Transaction Details ID: 1290924 Sale Date: 03/30/2007 Sale Type: Escrow Length: 30 days Bldg Type: Sale Price: $16,114,000 -Confirmed Year Built/Age: Asking Price: - RBA: Price/SF: $60.81 Land Area: Price/SF Land Gross: $22.99 Percent Leased: 100.0% Tenancy: Single Percent Improved: Transfer Tax: $1,611.40 Total Value Assessed: Improved Value Assessed: Land Value Assessed: Land Assessed/SF: No, of Tenants: 1 Tenants at time of sale: Firestone Building Products Financing: Down payment of $2,764,000.00 (17.2%) Legal Desc: Lot 1, Aurora Business Center Flg. No. 22 Parcel No: 1821-26-1-01-001 Document No: 0034818 Investment Manufacturing Built in 2002 Age: 4 265,000 SF 16.09 AC (700,880 SF) 86.2% $3,304,260 in 2006 $2,846,940 $457,320 $0.00 This copyrighted report contans research licensed to Ducrerme. McMillen & Associates. Inc. - 455075 5/20/2009 Page 7 • 21250 E 36th Dr - Firestone Building Products SOLD 265.000 SF Class B Manufacturing Building Built in 2002 (con't) Sale History: Sold for $16,114,000 ($60.81/SF) on 03/30/2007 Sold for $12,060,000 ($45.51/SF) on 11/12/2002 Transaction Notes Income/Expense: Buyer reported that Firestone Building Products is on a 10 -year lease, that commenced in October of 2002. with two five-year options to renew. The buyer was not at liberty to disclose any further financial data due to a signed confidentiality agreement. Market Time: Reportedly the property was not on the market at the time of the sale: the buyer approached the seller directly. Miscellaneous: Reportedly, at the time of the sale there was no deferred maintenance. Mill Levy: 119.194 Current Industrial Information ID: 725217 Bldg Type: Bldg Status: Rent/SF/Yr: Bldg Vacant: Building FAR: Office Avail: Max Contig: Smallest Space: Land Area: Lot Dimensions: Ceiling Height: Loading Docks: Cross Docks: Drive Ins: Sprinklers: Rail Line: Property Mix: Utilities: Parking: Manufacturing RBA: 265,000 SF Built in 2002 % Leased: 100.0% - Stories: 1 0 SF Total Avail: 0 SF 0.38 Warehouse Avail. 0 SF 0 SF CAM - - Zoning: M-1 - Owner Type: - 700,880 SF Owner Occupied: No - Tenancy: Single 32'0" Column Spacing: - 6 ext (bldg. total) Levelators: - - Crane: None 5/14'0"w x 20'0"h (total) Const Type: Steel ESFR Rail Spots: None None Industrial 254,400 SF (96.0%) Office 10,600 SF (4.0%) Gas - Natural, Heating, Sewer - City, Water - City 50 free Surface Spaces are available; Ratio of 0.19/1,000 SF Location Information Metro Market: Submarket: County: CBSA: CSA: DMA: Map(Page): Denver East I-70/Montbello Ind/SW DIA/Pena Blvd Ind Adams Denver -Aurora -Broomfield, CO Denver -Aurora -Boulder, CO Denver, CO -NE -WY -NV Pierson Graphics Corp 60-G �A :IC..M. VI V...%. al e[i-.• This copyrighted report contans research licensed to DuCharme. McMillen & Associates. Inc. - 455075. 5/20/2009 Page 8 21250 E 36th Dr - Firestone Building Products SOLD 265,000 SF Class B Manufacturing Building Built in 2002 (can't) Parcel Number: 1821-26-1-01-001 Legal Description: Lot 1 Aurora Business Center flg #22, lot 2 bk 1 Aurora Business Center Subdiv #14 & lot 1 blk 1 Aurora Business Ctr Subdiv fig County: Adams Plat Map: 21250 E 36th Dr - Firestone Building Products # / / / 0 3 : it 0 0 a 'P1i OA o: b / 0 si / 7 rt ip \ 72-- 1/4413, This copyrighted report contans research licensed to DuCterme, McMillen & Associates, Inc. - 455075 5/20/2009 Page 9 U. 1 4 16200 Table Mountain Pky SOLD Coors Technology Center Golden, CO 80403 - West Ind Submarket Sale on 03/07/2007 for $9,782,500 ($43.00/SF) - Research Complete 227,500 SF Class B Manufacturing Building Built in 1998 -iTiTTI .. R`: e Tam IS 15 ��'4> 93 A4 '6tt LP � N 4 'r A o 1 a m c` _ a 5-prj yd; t c v Microsoft' r Virtual Earth"' rd :Luz ji:.r:t::,i: i+ite;1. ala,:.':Jfa)....AD to, Buyer & Seller Contact Info Recorded Buyer: GE Commercial Finance Business Recorded Seller: 16200 Table Mountain Parkway Property Corp Investors LLC True Buyer: GE Commercial Finance Business True Seller: UBS Realty Investors LLC Property Corp 242 Trumbull St 10900 NE 4th St Hartford, CT 06103 Bellevue, WA 98004 (860) 616-9000 (425) 451-0090 Buyer Type: Corporation Seller Type: Foreign Bank Buyer Broker: No Buyer Broker on Deal Listing Broker: Grubb & Ellis Riki Hashimoto (303) 572-5545 Mike Wafer (303) 572-5564 Transaction Details ID: 1280319 Sale Date: 03/07/2007 (21 days on market) Sale Type: Investment Escrow Length: 60 days Bldg Type: Manufacturing Sale Price: $9,782,500 -Confirmed Year Built/Age: Built in 1998 Age: 9 Asking Price: - RBA: 227,500 SF Price/SF: $43.00 Land Area: 14 AC (609,840 SF) Price/SF Land Gross: $16.04 Percent Leased: 100.0% Tenancy: Multi Percent Improved: 80.0% Transfer Tax: $978.25 Total Value Assessed: $3,484,090 in 2006 Improved Value Assessed: $2,787,280 Land Value Assessed: $696,810 Land Assessed/SF: $1.00 No. of Tenants: 2 Tenants at time of sale: Gambro Renal Products: Rocky Mountain Bottle COompany Legal Desc: Lot 23-A, Coors Technology Center Replat A This copyrighted report contans research licensed to DuCterrne. McMillen & Associates. Inc - 455075. 5/20/2009 Page 10 V i • I 16200 Table Mountain Pky 227.500 SF Class B Manufacturing Building Built in 1998 (con't) SOLD Parcel No: Document No: Sale History: 30-242-02-020 0035186 Sold for $9,782,500 ($43.00/SF) on 03/07/2007 Sold on 09/30/1999 Transaction Notes Income/Expense: Buyer reported that the property sold 100% leased; however, was not at liberty to disclose any of the vital financial data due to a signed confidentiality agreement. Miscellaneous: Reportedly. at the time of the sale there was no deferred maintenance. Mill Levy: 94.588 Current Industrial Information ID: 398734 Bldg Type: Bldg Status: Rent/SF/Yr: Bldg Vacant: Building FAR: Office Avail: Max Contig: Smallest Space: Land Area: Lot Dimensions: Ceiling Height: Loading Docks: Cross Docks: Drive Ins: Sprinklers: Rail Line: Property Mix: Power: Utilities: Parking: Features: Manufacturing RBA: 227,500 SF Built in 1998 % Leased: 100.0% - Stories: 1 0 SF Total Avail: 0 SF 0.37 Warehouse Avail: 0 SF 0 SF CAM - - Zoning: PUD - Owner Type: Corporation 609,840 SF Owner Occupied: No - Tenancy: Multi 30'0" Column Spacing: 50'w x 50'd 6 ext (bldg. total) Levelators: - No Crane: None 1/16'0"w x 18'0"h (total) Const Type: Masonry ESFR Rail Spots: None None Industrial 220,675 SF (97.0%) Office 6,825 SF (3.0%) 480v 3p Heating - Gas 227 free Surface Spaces are available; Ratio of 1.00/1,000 SF Partial Stories Exist Location Information Park Name: Located: Metro Market: Submarket: County: CBSA: CSA: DMA: Map(Page): Coors Technology Center SEC Table Mountain Pky & Technology Dr Denver West Ind/West Ind Jefferson Denver -Aurora -Broomfield, CO Denver -Aurora -Boulder, CO Denver, CO -NE -WY -NV Pierson Graphics Corp 14-G This copyrighted report contans research licensed to DuCharme. McMillen & Associates. Inc. - 455075. .••- 1.00.,4,\. M.0C r1., v 5/20/2009 Page 11 t go . 16200 Table Mountain Pky SOLD 227,500 SF Class B Manufacturing Building Built in 1998 (can't) Parcel Number: 30-242-02-020 Legal Description: Lot 23A Coors Technology Center Replat A Exemp Survey #10 Golden County: Jefferson Plat Map: 16200 Table Mountain Pky °I Ff f f I f / f .19 we 7 • ri7 in, lit Y• t. • L ‘. , .� `: I a /ct 0114 OM y i .• A Wan ac..... IN..... . ....{ ,. This copynghted report contans research licensed to DuCharme. McMillen & Associates. Inc. - 455075 5/20/2009 Page 12 i V Owens -Brockway Glass w J Q m U) C w J Tr CO o Q U a 03 " O < m CC d • o • ° O 3 Y CJ U co LL m � O j r vi a) C 03 J z Q w U_w Q ' 0 SALE PRICE Bentonite Damage J J H O H —Jr CONDITION U-. U) w N_ U) LIJ J Q' <w } LOCATION U co tO cc v a a N co N r ca. ti O Efl w >- r O r (D O O 0 O O N N C) O O N 1 H U w CO N O z in U r r CO M (O (D .D O O 0 O N 10/24/2007 Waldbridge, OH Average LB for comps = ti irc w cfl cei co (7 (7) o_ co TABULATION OF ADJUSTMENTS v O < H O m C O .O U 0 J r r r r-: r (A O O tri N O O O O O 0 O O O c O O O Q Uco a) Cv U) O z O O O v v r ti NCO 69 - O O O O O O L7 CO O V 'Cr c0 03 N a O a) o V C in O 7/29/2009 dma h:Owens-Brockway Glass.xls t • Owens -Brockway Glass w U_ u- - C')) a SALE PRICE J H. (1) O CO CC J H • w a J C CO cu o U -0 Q • cu CaCt cr 2 c U ca o 0 U U a 0 U coM0 m r Q Q C r z C C) 0 Q U - J (f) D w DO N CONDITION Q W CC J CDw LOCATION U ro cD O O ti an 0 0 N CO N CD N O M 69- O d O r CD °o O 1• ti N to O O N r r N CO Cr d r O t.0 O CO O oo co 6 cO to tf) (O 'cr Ef3 to EA- Eta O O O O O O O O O O O to O O N O O r- CO N R CO ✓ Eft (.1) - ✓ r r r r o cO 0O (D ✓ CO CA c0 N N 0) > o0 00 > < 0 U' < N to Cr O N CO N O O N N O O r O LO N CO LO I` O N CO N N r N N CO N- r-- 0 O O O O O O O N N N N 0o O) O N N M M Lc) C ) L a) C C) C r N CO Cr Average LB for comps = O rC In to Cn co a co • N CO Cr CO LO r LO o r era:), ✓ t O doo to ua Co '4. co it cn Cfl 6969 ER EA 0 0 0 0 0 O Q 0 p o H to N O TABULATION OF ADJUSTMENTS Co 0 tf) O 0 c O O O O to O to 10 0 0 0 0 0 CID O O O O J O O to 10 O 0 f o C O O O O O o o o Co 0 0 J (1.)"D < 0 a) N_ U) O z 0 0 0 O O O O O O O O 0 0 O 0 O O O O • O O t1) r N r r 0 0 0 0 O O O O O O O O r N CO Cr O O O a L6co cn 05 O Cfl .C O � O D C to 0 (.13 C/) Cl) U) CO >+ Co (t Y E -3 O m o O C N N O N- L lit 2008 Real Estate Appeal Brockway Glass Container Inc. 11333 County Road 64 Windsor, Weld County, Colorado ,viak 66,Agokaie2 • Parcel No.: • Square Footage: • Land Size: • Year Built: • Assessment: • Use: • Land AV/Market Value: • Unadjusted Comparable AV: • Unadjusted CO Ind Listings: • Cost Approach: • Sales Comparison Approach: 080725200049 - etr b) 527,500 sf �-- S 74.806 ac 2005 $37,039,805 [$70.22/sf] spp() Manufacturing $1,584,142 [$.49/sf] $10,900,000 [$20.59/sf] $23,881,243 [$45.27/sf] $27,535,482 [$52.50/sf] ;iwistmeraft $26,375,000 [$50.00/sf] • Recommended Assessment: $26,375,000 1$50.00/sfl Notes: -11O p I ilt H442 ueQ1 ett 4O01-- e��►� 1. Property is overimprovement, as part of a business investment. 2. Preengineered steel frame much of which is 40'. 3. Difficulty with roof due to poor construction —water drains off roof of industrial onto office, pools toward the east, resulting in water drainage and erosion on the ground. Original canopy over truck bay was flat, and collapsed during a winter storm. 4. Property has bentonite issues, requiring slurry work to lift it up 2" and it has already settled another inch. There is add itional shifting on the other side of the building, so this already is an issue. 5. We understand this building is newer, but our view is that it is worth closer to $45/sf than to $75/sf, especially in this economy. Locally, the Kodak facility is an older facility, but it is currently assessed at $14.68/sf versus the subject's $70.22/sf. 6. Furthermore, I represented Monfort/Swift a few years ago and the issues with Owens are similar —big business investment, real estate value (in terms of value in exchange) after riding the investment is nowhere near the original upfront costs. 7. The size of the subject puts it in rarified air, >500,000 sf, and thus a more difficult property to market, with less potential buyers. 8. Thank you for your review of this matter. clastlie DUCHARME, MCMILLEN & ASSOCIATES, INC. TABLE OF CONTENTS Aerial Photograph 3 Location Map 4 Property Photos 5 Unadjusted Comparable Sales 12 Land Comparable Sales 28 Cost Analysis 36 Unadjusted Comparable Assessments 41 Unadjusted Colorado Industrial Listings (>250,000 SF) 66 r Print- Maps Page 1 of 1 P Live Search Maps County Road 64, Windsor, CO 80550 My Notes 4 NEW! Try Live Search 411 Dial 1 -800 -CALL -411 for latest info Page 3 http://maps.live.com/print.aspx?mkt=en-us&z=17&s=h&m=3&cp=gr9pns67w2nd&poi=County Road 64,... 7/28/2008 1 I- = N 'fin = Windsor F 1- ! A .n � F- ^ V1 .... -4 = N 8 DV tr ?� In ? O GARDEN DR -_ ^ 0 G 17C)‘ WELD_COUNTY RD 74 0 m CEDAR CT BIRCH ST 4 I ASH $T ASH ST Sr — NLST _MA1N_ST _ VIEW In i 7 Owens -Brockway Windsor, Weld County, Colorado WELD COUNTYSQ.2_.; WELD COUNTY RD 19 WELD COUNTY RD 70 z � Ift �z C ]C 4 CIp r q �, !N p C7• 25/ n o c Zia-4UISNOO219 .cI Z U Ca TEAL CT a MALLARD C7 & _ HABITAT CV �Qti w C R HARBOR CT CR 62 CR 62 WINDSONG DR CR, 64 WELD COUNTY RD 21 Bruce m m rn ce U WELD COUNTY RD 23 Street Atlas USA® 2007 74 %A/CI n tern 1\Iry nn T•1 `Q/ WELD COUNTY RD 72 Weld County Rd 23L N n O y I •J U 0 CR 23 ,NucKt3SA TR SUBJECT m CC C:Jrne- U CR 66 n A NJ CR 64 3/4 CR 62 N 8 a WELD COUNTY RD 70 WELD COUNTY RD 25 WELD COUNTY RD 66 CR 64 112 r N CC U WELD COUNTY RD 27 11TH-ST� 12TH ST 101ST AVE WELD COUN fY RD 2/ n NJ CC rn 1 n U u G 0 m r� eL C a r Data use subject to license © 2006 DeLorme. Street Atlas USA® 2007 www.delorme corn TM x MN IL.TE) Scale 1 : 50,000 0 c tt 1"=4,166.7ft m Page 4 Data Zoom 12-0 TO BROCKWAY GLASS CONTAINER, INC. 11333 COUNTY ROAD 64 WINDSOR, WELD COUNTY, COLORADO Page 5 BROCKWAY GLASS CONTAINER, INC. 11333 COUNTY ROAD 64 WINDSOR, WELD COUNTY, COLORADO Page 6 BROCKWAY GLASS CONTAINER, INC. 11333 COUNTY ROAD 64 WINDSOR, WELD COUNTY, COLORADO 1111111111111 III 101111111111 7p i��iiouiiumu_ u_� 1111116, Page 7 BROCKWAY GLASS CONTAINER, INC. 11333 COUNTY ROAD 64 WINDSOR, WELD COUNTY, COLORADO Page 8 BROCKWAY GLASS CONTAINER, INC. 11333 COUNTY ROAD 64 WINDSOR, WELD COUNTY, COLORADO Page 9 BROCKWAY GLASS CONTAINER, INC. 11333 COUNTY ROAD 64 WINDSOR, WELD COUNTY, COLORADO Page 10 BROCKWAY GLASS CONTAINER, INC. 11333 COUNTY ROAD 64 WINDSOR, WELD COUNTY, COLORADO Page 11 1 3-2 Standley Lake Leyden eyden Junction a lL- a O Sernper° 121 287? Westminster ° Federal Heights', Sher relwood° Twin Lakes 0 Thornton n 76 North Washington Arvada 0 Berkley i Mount Olivet ,..'j wide Wheat Ridged Camp OAP,Plewood George, West:! + t W 6th -Ave f 0 N Spivak. o *Utah Junction • ; o r u Hazeltine0 Hazeltine Heights* � f/° Re ia 85 Quimby Welby Derby Dupont Adams City* 36 7 1-33 Mountain Viewf - Edgewater Denver 6th -Ave 6 _ Lakewood Green Mountain Village (MKroseft Virtual Earth iiikaddress 4400 S Fox St 4 3 _ cri -_—„ rn.•. R #p..C MMars/on 16600 Table Mountain Pky 13450 E Smith Rd 13550 E Smith Rd O a) : • 6 Rocky Mountain Arsenal Commerce City o DENVER sandown Sable 40 E Colfax Ave Alamo Placita 0 c oEnglewood Sheridan o r�+vti [',star City Denver Glendale o. _ ` 83, • Sullivan ° Cherry Hilts Village Cherry Ridge Property Info 292.123 SF Industrial/Manufacturing Golden 261,825 SF Industrial/Warehouse Aurora 149.986 SF Industrial/Warehouse Aurora 127.829 SF Industrial/Warehouse Aurora O Cherry Creek Park Sale Info •+287 I 36 Buckley Air National Guard Base Pena I s1 .+ -r . J .470( Ti • Sold: $17.100,000 ($58.54/SF) Sold: $15,175,000 ($57.96/SF) Multi -Property Sale: 315,000,000 (S53.99/SF) Multi -Property Sale: $15,000,000 ($53.99/SF) 23400 Smith Rd Aurora 404,000 SF Industrial/Warehouse Sold: $9,491,500 ($23.49/SF) Owens -Brockway This copyrighted report contains research licensed to DuCharrne. McMillen & Associates - 223840. O.cnMr. wur, • MMtWt• •f 7/28/2008 Page 1 Page 12 1 4400 S Fox St SOLD Denver. CO 80002 - Upper North Central Ind Submarket Sale on 02/08/2008 for S17,100,000 (S58.54/SF) - Research Complete 292,123 SF Class C Manufacturing Building Built in 1986 J Vki 4BLt: n•'- ?74 u X di O Ls. Elk c" 1 P 47111 Ave10 - La_ h1/4\ , NSF, Allb O r !'� pr . Ira . 5, c Ty. g W 45th Avr,„ e Cfe m m vi 5~ <e m s 1 1 2 ° •' J; a th Ave W 44th Ave sr 7 Microsoft' cn t° Virtual Earths 21,L3 = Jit:L;t is r: Lt_.:.u. J'•!..' a aE i../JJ.. ib 3rd Ave W 43rd Ave w Buyer & Seller Contact Info Recorded Buyer: Ascendant Capital Partners DNA LLC Recorded Seller: The Denver Newspaper Agency LLP True Buyer: Ascendant Development Corporation True Seller: Denver Newspaper Agency Robert Mallon David Licko 2000 S Colorado Blvd 13949 W Colfax Ave Denver. CO 80222 Lakewood, CO 80401 (303) 551-7170 (303) 812-5000 Buyer Broker: No Buyer Broker on Deal Listing Broker: CB Richard Ellis James Bolt (720) 528-6310 Transaction Details ID: 1493580 Sale Date: 02/08/2008 Sale Type: Owner/User Escrow Length: 100 days Bldg Type: Manufacturing Sale Price: $17,100,000 -Confirmed Year Built/Age: Built in 1986 Age: 22 Asking Price: - RBA: 292.123 SF Price/SF: $58.54 Land Area: 40.92 AC (1.782,475 SF) Price/SF Land Gross: $9.59 Percent Leased: 100.0% Tenancy: Single Percent Improved: 35.7% Transfer Tax: $1,710 Total Value Assessed: $8,736,000 in 2007 Improved Value Assessed: S3,119,400 Land Value Assessed: $5,616.600 Land Assessed/SF: $3.00 Financing: Down payment of $2,600,000.00 (15.2%) $14,500,000.00 from Mesa West R E Income Fund Legal Desc: por nw 1/4 nw 1/4 nw 1/4 sw 1/4 nw 1/4 nw 1/4 sw 1/4 sec 22 is 3s r 68w pm Parcel No: 2222-00-058, 2223-00-085 Document No: 0017616 l MC Satre rte .f, • MM{r.f. Owens -Brockway This copyrighted report contains research licensed to DuCharme, McMillen & Associates - 223840. 7/28/2008 Page 1 Page 13 l I 4400 S Fox St 292,123 SF Class C Manufacturing Building Built in 1986 (can't) SOLD Transaction Notes This is the sale of 292.123 square feet of industrial property which was previously used as Denver Newspaper's Print facility. The seller agreed to a 2 month leaseback and will be vacated by April 2008. The site was acquired for redevelopment. The buyer's plan is to renovate and retrofit the existing improvements and add additional property on the acreage. No details were given, but it was stated that Request for Development plans were sent to developers. There is a total of 17.5 acres of improvements including parking lots. The balance is developable land. Buyer reported a sales price of S17,500,000. County record indicated a sales price of$17,100,000 and the seller also confirmed a sales price of $17,100,000. We are unable to determine the discrepancy. Buyer is a relatively new company and a spin-off of www.cmc-group.com Zoned 12 heavy industrial. The buyer represented itself in this acquisition. Market time was not available. Mill Levy 66.897 Current Industrial Information ID: 6395151 Bldg Type: Bldg Status: Rent/SF/Mo: Bldg Vacant: Building FAR: Office Avail: Max Contig: Smallest Space: Land Area: Lot Dimensions: Ceiling Height: Loading Docks: Cross Docks: Drive Ins: Sprinklers: Rail Line: Parking: Manufacturing RBA: 292.123 SF Built in 1986 % Leased: 100.0% - Stories: 1 0 SF Total Avail: 0 SF 0.16 Warehouse Avail: 0 SF 0 SF CAM - - Zoning: 12 - Owner Type: - 1.782,475 SF Owner Occupied: No - Tenancy: Single 30'0" Column Spacing: - 19 ext (bldg. total) Levelators: - No Crane: - 2 (total) Const Type: - - Rail Spots: 1 int Unknown 326 Surface Spaces are available: Ratio of 1.11/1,000 SF Location Information Second Address: Metro Market: Submarket: County: CBSA: CSA: DMA: 4501 S Fox St Denver North Central Ind/Upper North Central Ind Denver Denver -Aurora. CO Denver -Aurora -Boulder, CO Denver. CO -NE -WY -NV Owens -Brockway This copyrighted report contains research licensed to DuCharme. McMillen & Associates - 223840 w<-.•••• r.r.u.• r.eta ..n. r 7/28/2008 Page 2 Page 14 4400 S Fox St SOLD 292,123 SF Class C Manufacturing Building Built in 1986 (con't) Parcel Number: 2222-00-058, 2223-00-085 Legal Description: - County: Denver Plat Map: 4400 S Fox St ints a — M! t •{ 21/4 s 1 t • 4171. i • — I 7 f• a e 1 ►• 1 i • -4•fr r II q `r • �✓ Icy '' P // ti • r ~ lei as 4 .••rti .•••r \% 43rd AVE , ,�? ' ` Ire r b A Jr •1 1 ' a Her • P H. .* I u. ftt 'k is ./ II.� WTI 1a _ ►T fit II 61 • 1i A fig OPI III W Mai ill V '. - • • N - 'f a • ./ ,rri • N I. 71" • +� [' I , M • i • 1 ItI �i tarr • 1 s • ,s 1.. S * A rs J• Est " 1 'FliM V :-, W r) Cid AVE i1I 1• rte. 1 • ,•i • i, �� LIa1 iI1� Page 15 4400 S Fox St SOLD 292,123 SF Class C Manufacturing Building Built in 1986 (con't) Plat Map: 4400 S Fox St ! I • ..e.y ... a...r ' [ et as SI 410 -`t i 1 I Wt Wert.. *OOP MReA'el *OAinmi *CMM PAS* 4 hi�t+uN tat tit +hll 4/ t�N• moo. . RA" 't! .ham i _ ' 1 ; . e '" i - ern W _. �t im ri 2 � 2• f!/ M '' � �I I i •r . - , It r r a• ..i - Owens -Brockway This copyrighted report contains research licensed to DuCharme, McMillen & Associates - 223840. 7/28/2008 Page 4 Page 16 2 16600 Table Mountain Pky Coors Technology Center Golden, CO 80403 - West Ind Submarket Sale on 01/30/2007 for $15,175,000 ($57.96/SF) - Research Complete 261,825 SF Class B Warehouse Building Built in 1997 SOLD I M.crosoft' Virtual I. Earthly ro �i J= 14 %CP Service Cr i ri:d' _ _ t i _ JJ.11. i��1�: Jnu L��yL-+1%! Buyer & Seller Contact Info Recorded Buyer: CRP -2 Holdings CC LP Recorded Seller: True Buyer: Colony Realty Partners True Seller: 2 International PI Boston, MA 02110 (617) 235-6300 Buyer Type: Pension Fund Buyer Broker: No Buyer Broker on Deal Listing Broker: RBE-Golden LLC Realty Bancorp Equities 21800 Burbank Blvd Woodland Hills. CA 91367 (818) 251-9911 Lee & Associates Brett Warner (818) 933-0302 Transaction Details ID: 1231097 Sale Date: 01/30/2007 Sale Type: Escrow Length: 45 days Bldg Type: Sale Price: $15,175,000 -Confirmed Year Built/Age: Asking Price: - RBA: Price/SF: $57.96 Land Area: Price/SF Land Gross: $25.42 Percent Leased: - Tenancy: Multi Percent Improved: Transfer Tax: $1,517.50 Total Value Assessed: Improved Value Assessed: Land Value Assessed: Land Assessed/SF: No. of Tenants: 1 Tenants at time of sale: Transportation Management Storage Inc. Legal Desc: Lot 14A, Coors Technology Center Replat A Parcel No: 30-243-01-009 Document No: 0013111 Investment Warehouse Built in 1997 Age: 10 261,825 SF 13.70 AC (596,933 SF) 80.0% $3.993.240 in 2006 $3,194,580 5798.660 $1.00 Owens -Brockway This copyrighted report contains research licensed to DuCharme, McMillen & Associates - 223840 ?t•.or Mt. a•• Moa..•,. •s 7/28/2008 Page 5 Page 17 16600 Table Mountain Pky 261.825 SF Class B Warehouse Building Built in 1997 (con't) SOLD Sale History: Sold for $15.175,000 ($57.96/SF) on 01/30/2007 Sold for $8,500,000 ($32.46/SF) on 07/27/1999 Sold for $3,010,000 ($11.50/SF) on 12/30/1997 Transaction Notes Income/Expense: The property was 100% occupied at time of sale. No further information was available at time of research. Market Time: Reportedly the property was not on the market at the time of the sale: the buyer approached the seller directly. Loan information: We were unable to determine the amount of down payment. if any. Miscellaneous: Reportedly, at the time of the sale there was no deferred maintenance. Mill Levy: 94.588 Current Industrial Information ID: 519728 Bldg Type: Warehouse RBA: 261,825 SF Bldg Status: Built in 1997 % Leased: 100.0% Rent/SF/Mo: - Stories: 1 Bldg Vacant: 0 SF Total Avail: 0 SF Building FAR: 0.44 Warehouse Avail: 0 SF Office Avail: 0 SF CAM - Max Contig: - Zoning: PUD Smallest Space: - Owner Type: Pension Fund Land Area: 596,933 SF Owner Occupied: No Lot Dimensions: - Tenancy: Multi Ceiling Height: 30'0"-40'0" Column Spacing: 49'w x 50'd Loading Docks: 17 ext (bldg. total) Levelators: - Cross Docks: No Crane: None Drive Ins: 14 (total) Const Type: Masonry Sprinklers: Yes Rail Spots: Yes Rail Line: Burlington Northern Santa Fe Property Mix: Industrial 258,385 SF (98.7%) Office 2,000 SF (0.8%) Expenses: 2007 Combined Est Tax/Ops @ S1.55/s1 Power: 400a/120 -240v Utilities: Gas - Natural, Heating, Sewer - City. Water - City Parking: Free Surface Spaces Features: A/C Location Information Park Name: Coors Technology Center Metro Market: Denver Submarket: West Ind/West Ind County: Jefferson CBSA: Denver -Aurora, CO CSA: Denver -Aurora -Boulder, CO DMA: Denver, CO -NE -WY -NV l arc...... Watts• • &A est mon < Owens -Brockway This copynghted report contains research licensed to DuCharme. McMillen & Associates - 223840 7/28/2008 Page 6 Page 18 r 1 16600 Table Mountain Pky 261,825 SF Class B Warehouse Building Built in 1997 (con't) SOLD Parcel Number. 30-243-01-009 Legal Description: Lot 14A Coors Technology Center Replat A Exemption Survey #7 Golden County: Jefferson Plat Map: 16600 Table Mountain Pky V.. 1 v 3 I 3 in - d II 94: IF 044 r - Ala�` i. . ti• ti450LDEN 43 0,40t Coen Tech 4-- r Cat ss1 f 'It outs Owens -Brockway This copynghted report contains research licensed to DuCharme McMillen & Assooates - 223840. 7/28/2008 Page 7 Page 19 3 Multi -Property: I-225 Business Center Coors Technology Center Multi -Property sale on 01/29/2007 of 2 Industrial SOLD properties, for $15,000.000 ($53.99/SF) - Research Complete JdUle ll 370\\Hil 4c- �i W Bar -omit( Pkwy t U. E Smith Or E 32nd >05 CD ,n ti el Microcoft� — (/) ri N 13 o L In • 1 1 13450 E Smith Rd 2 13550 E Smith Rd Virtual Earth'3 'J!=�i J�.�}i4n4w .. `` J��.�. w ' vim. �:.1b G _ �w i [� Q � .- Summary of Property Info - at time of sale Address City State Property Type Property Size Year Built 13450 E Smith Rd Aurora CO Class B Industrial 149,986 SF 1997 13550 E Smith Rd Aurora CO Class B Industrial 127,829 SF 1997 Buyer & Seller Contact Info Recorded Buyer: Columbia Colorado Smith Industrial Recorded Seller: Prudential Insurance Company of LLC America True Buyer: Lincoln Property Company True Seller: Prudential Real Estate Advisors Eric Gluck James Street 120 N LaSalle St 2 Ravinia Dr Chicago, IL 60602 Atlanta, GA 30346 (312) 345-8780 (770) 481-3000 Seller Type: Corporation Buyer Broker: No Buyer Broker on Deal Listing Broker: Grubb & Ellis Mike Wafer, SIOR (303) 572-5564 Transaction Details ID: 1465202 Sale Date: 01/29/2007 Sale Type: Investment Escrow Length: 30 days RBA: 277.815 SF Sale Price: $15,000,000 -Confirmed Land Area: 16.37 AC (713,077 SF) Asking Price: - Price/Bldg SF: $53.99 Buyer Cap Rate: 6.25% Percent Improved: 82.9% Transfer Tax: 51,500 Total Value Assessed: S3,016,000 in 2007 Improved Value Assessed: S2,499,060 Land Value Assessed: $516,940 Land Assessed/SF: $0.00 Legal Desc: Lot 1 blk 1 Smith Road Distribution Center Subdivision Filing No. 1 rep CO225519 file 17 pg 606 Owens -Brockway This copyrighted report contains research licensed to DuCharme McMillen & Assocates - 223840. 7/28/2008 Page 8 Page 20 Multi -Property: 1-225 Business Center SOLD Multi -Property sale on 01/29/2007 of 2 Industrial properties. for 515,000.000 ($53.99/SF) - Research Complete (con't) Parcel No: 1823-25-1-03-007 Document No: 0714226 Financing: Down payment of 515,000.000.00 (100.0%) Transaction Notes This is the sale of two multi -tenant industrial buildings sharing one assessor's parcel number. The combined total occupancy was 93% at time of sale. The tenants are all under triple net leases. Lease terms were not available. Buyer reported a proforma year one net operating income of $939,000. This yields a buyer's cap rate of 6.25%. This was an all cash sale. The buyer represented itself in this transaction. There was no reported deferred maintenance or conditions affecting the sales price. Market time was unavailable. Buyer reported 6.5% of the total square footage (18,057) is dedicated to office space. Current Industrial Information: 13450 E Smith Rd - Bldg 2 ID: 394701 Bldg Type: Warehouse RBA: 149,986 SF Bldg Status: Built in 1997 % Leased: 100.0% Rent/SF/Mo: - Stories: 1 Bldg Vacant: 0 SF Total Avail: 0 SF Building FAR: Warehouse Avail: 0 SF Office Avail: 0 SF CAM - Max Contig: - Zoning: M-1, Aurora Smallest Space: - Owner Type: - Land Area: - Owner Occupied: No Lot Dimensions: - Tenancy: Multi Ceiling Height: 24'0" Column Spacing: 41-42'w x 37-38'd Loading Docks: 28 ext (bldg. total) Levelators: 7 ext Cross Docks: No Crane: None Drive Ins: 6/12'0"w x 14'0"h (total) Const Type: Masonry Sprinklers: Dry Rail Spots: None Rail Line: None Property Mix: Office 9,000 SF (6.0%) Expenses: 2003 Combined Tax/Ops @ S1.26/sf Power: 2000a/277 -480v 3p 4w Utilities: Gas - Natural. Heating - Gas, Sewer - City, Water - City Parking: 201 free Surface Spaces are available: Ratio of 1.34/1,000 SF Features: A/C, Skylights Location Information Second Address: 13450 Smith Rd Park Name: 1-225 Business Center Metro Market: Denver Submarket: East I-70/Montbello Ind/SW DIA/Pena Blvd Ind County: Adams CBSA: Denver -Aurora. CO CSA: Denver -Aurora -Boulder, CO DMA: Denver, CO -NE -WY -NV Owens -Brockway This copyrighted report contains research licensed to DuCharme. McMillen & Associates - 223840 aC.ur Yt1uN• MWCYf• Y 7/28/2008 Page 9 Page 21 Multi -Property: 1-225 Business Center Multi -Property sale on 01/29/2007 of 2 Industrial properties, for $15,000.000 ($53.99/SF) - Research Complete (con't) SOLD Current Industrial Information: 13550 E Smith Rd - Bldg 1 ID: 394671 Bldg Type: Bldg Status: Rent/SF/Mo: Bldg Vacant: Building FAR: Office Avail: Max Contig: Smallest Space: Land Area: Lot Dimensions: Ceiling Height: Loading Docks: Cross Docks: Drive Ins: Sprinklers: Rail Line: Property Mix: Expenses: Power: Utilities: Parking: Features: Warehouse Built in 1997 0 SF 0.18 0 SF 713,077 SF 24'0" 8 ext (bldg. total) No 2 (total) None RBA: % Leased: Stories: Total Avail: Warehouse Avail: CAM Zoning: Owner Type: Owner Occupied: Tenancy: Column Spacing: Levelators: Crane: Const Type: Rail Spots: Office 9,000 SF (7.0%) 2003 Combined Tax/Ops @ $1.26/sf: 2007 Est Ops @ $1.57/sf 2000a/277 -480v 3p 4w Gas - Natural, Heating - Gas. Sewer - City, Water - City 175 Surface Spaces are available: Ratio of 1.36/1,000 SF A/C Location Information 127,829 SF 100.0% 1 0 SF 0 SF M-1, Aurora No Multi 2 ext None Masonry None Second Address: Park Name: Metro Market: Submarket: County: CBSA: CSA: DMA: 13550 Smith Rd 1-225 Business Center Denver East I-70/Montbello Ind/SW DIA/Pena Blvd Ind Adams Denver -Aurora, CO Denver -Aurora -Boulder, CO Denver. CO -NE -WY -NV 1/413.134, Owens -Brockway This copyrighted report contains research licensed to DuCharme, McMillen 8 Associates - 223840. 7/28/2008 Page 10 Page 22 Multi -Property: 1-225 Business Center Multi -Property sale on 01/29/2007 of 2 Industrial properties. for 815,000.000 ($53.99/SF) - Research Complete (con't) SOLD Parcel Number: 1823-25-1-03-007 Legal Description: Lot 1 blk 1 Smith Road Distribution Center filing 1 County: Adams Plat Map: 13450 E Smith Rd - Bldg 2 i}+. s;; r. • ...:of ti •.. ••.•1••icei ' '• 47, ',' IY..'1i ,4! IM. Y'kry • 0 '. SEE 1323,25 • . s • ' 1• 44.4 ..•1. I • • : _ i. . M1 •-i.1,.• • • M Pk:Io nia i•M..N a...� :. dly r.t l.. ; . WV . _ \ \ \ Mt°�., :... ,• . _.... • -... .. H4.e.•a4tsa.+1.{ t t sM0••••••:•---# . .71.14tit., la r i Ii!' VI. Vi -St- •• i 1 lift Iti N " • ' I- : � . L ' ,. M ,4 q -'I.i•0; Page 23 Multi -Property: 1-225 Business Center SOLD Multi -Property sale on 01/29/2007 of 2 Industrial properties, for $15.000.000 (553.99/SF) - Research Complete (con't) Parcel Number: 1823-25-1-03-007 Legal Description: - County: Adams Plat Map: 13550 E Smith Rd - Bldg 1 • Nw. 1.,11 ..‘;;-• • ' . • ;��; �... .. ..p j.,.,. 4..} r � ......„, '' . ', • t •• t . • t ' • • .44 t • . , t t • t. sly ...• i•i: fit` •v.v. a..r AO i 1 \ \ ypMA•�a• f i !�� 'N�. •A µ«...••.ir.•••.•.•..... \ 1 t . . .... 1. �' ? ., 11" 1 t4 •r ,ha S .p-1.Lr..»a 1 i...F. /1 �1N� t N i a 3 ,r4 i823.23�4 Owens -Brockway This copyrighted report contains research licensed to DuCharme. McMillen & Associates - 223840 ..t••••• »••••••••Ante&»•...c 7/28/2008 Page 12 Page 24 4 23400 Smith Rd - General Motors SOLD ProLogis Park 70 Aurora, CO 80019 - SW DIA/Pena Blvd Ind Submarket Sale on 03/31/2006 for S9,491,500 ($23.49/SF) - Research Complete 404,000 SF Warehouse Building Built in 2003 1 �,1 co ti M t E 19th Ave A ill. angjallirrateStra?Th i r; , tO 289 Actv i :... 2871-;-- - . O — �r�0} ri 40 _4__ . usi E t,oll�x Ave Microsoft Virtual Earth'" _zeta JitzL:thL-:.r;l �. rdL :,.ir2-k. ..Li Buyer & Seller Contact Info Recorded Buyer: Prologis Park 70 Building Venture #2 Recorded Seller: ProLogis LLC 4545 Airport Way Denver. CO 80239 (303) 567-5000 True Buyer: Prudential Investment Management Seller Contact: John Bezzant, VP 8 Campus Dr Parsippany, NJ 07054 (973) 734-1300 Buyer Broker: No Buyer Broker on Deal Listing Broker: No Listing Broker on Deal Transaction Details ID:1114007 Sale Date: 03/31/2006 Sale Type: Investment Escrow Length: - Bldg Type: Warehouse Sale Price: $9,491,500 -Confirmed Year Built/Age: Built in 2003 Age: 2 Asking Price: - RBA: 404,000 SF Price/SF: $23.49 Land Area: 25 AC (1.089,000 SF) Price/SF Land Gross: $8.72 Percent Leased: 100.0% Tenancy: Single Percent Improved: 82.3% Transfer Tax: $949.15 Total Value Assessed: $4,127.820 in 2006 Improved Value Assessed: $3,396.150 Land Value Assessed: $731,670 Land Assessed/SF: $0.00 No. of Tenants: 1 Tenants at time of sale: General Motors Financing: Lender Not available Legal Desc: Por Lot 1, blk 1. Prologis Park 70 Sub. Flg #2. Parcel 3: Lot 1, blk2. Prologis Park 70 Sub. Flg 2 and por. SW4 Sec 31.Parcel 4: Lot 1 Parcel No: 1819-31-3-01-001 Document No: 0326390 Owens -Brockway This copyrighted report contains research licensed to DuCharme. McMillen & Associates - 223840. 7/28/2008 Page 13 Page 25 23400 Smith Rd - General Motors 404,000 SF Warehouse Building Built in 2003 (con't) SOLD Sale History: Sold for $9.491.500 ($23.49/SF) on 03/31/2006 Sold on 01/01/2003 Transaction Notes Income/Expense: The subject property is a single -tenant manufacturing facility. No other income information was available. Prologis Park 70 Building Venture # do Prudential Investment Mgmt, Inc. ProLogis do John Bezzant, VP Mill Levy: 84.183 For related transaction, please refer to COMP # ADC -61062-05-0620. Current Industrial Information ID: 744432 Bldg Type: Warehouse RBA: 404,000 SF Bldg Status: Built in 2003 % Leased: 100.0% Rent/SF/Mo: - Stories: 1 Bldg Vacant: 0 SF Total Avail: 0 SF Building FAR: 0.37 Warehouse Avail: 0 SF Office Avail: 0 SF CAM - Max Contig: - Zoning: LI, Aurora Smallest Space: - Owner Type: - Land Area: 1,089,000 SF Owner Occupied: Yes Lot Dimensions: - Tenancy: Single Ceiling Height: 24'0" Column Spacing: 50'w x 50'd Loading Docks: 31 ext (bldg. total) Levelators: 31 ext Cross Docks: No Crane: None Drive Ins: 2 (total) Const Type: Masonry Sprinklers: ESFR Rail Spots: 1 ext Rail Line: Union Pacific Railroad Utilities: Gas - Natural, Sewer - City, Water - City Parking: Free Surface Spaces Location Information Park Name: ProLogis Park 70 Located: NEC of 1-70 and E-470 Metro Market: Denver Submarket: East I-70/Montbello Ind/SW DIA/Pena Blvd Ind County: Adams CBSA: Denver -Aurora. CO CSA: Denver -Aurora -Boulder. CO DMA: Denver, CO -NE -WY -NV Owens -Brockway This copyrighted report contains research licensed to DuCharrne. McMillen & Associates - 223840. 7/28/2008 Page 14 Page 26 23400 Smith Rd - General Motors SOLD 404,000 SF Warehouse Building Built in 2003 (con't) Parcel Number: 1819-31-3-01-001 Legal Description: Por Lot 1, blk 1. Prologis Park 70 Sub. Flg #2. Parcel 3: Lot 1. blk2, Prologis Park 70 Sub. Flg 2 and por. SW4 Sec 31.Parcel 4 County: Adams Plat Map: 23400 Smith Rd - General Motors 0' 6-5.6) libi Os - . — • Smith Rd \ T I . f a I NA /a E 3 1 2 001 00 ei 1 1 f', a.gil? r / r -...., w. / : 1 4 � 3136 .1 -. .....,./.....,....„..,, a► ;►:.r, ; a*Wrlxat- c4I4:r. 4;++~ t441441.w+4+w w '+ ` " +a4v ►vtwe M W.++41tu ,.. , ;..M. r i' Owens -Brockway This copyrighted report contains research licensed to DuCharme. McMillen & Associates - 223840 ac -••R •(a..I • • M.a.O. • .f 7/28/2008 Page 15 Page 27 Lit ie Darr: 0 Cedar Cove Noland *Lyons 9 66 At:ura A.a a iloulder 287 Loveland° Kt,= ..:;..t,. a Carr pion Betts C nrrter 0 *Berthoud Higniand Z ak o H'RgnL.nay V Mead 0 Marret! Dcrn non Boulder sJuncthx' .I Kellar° Ha' awel, o J.arrier �1 87 Bus 34 of o•. 0 Csotetz a-d^nan 0 Katter ,totu,s?rrAro .1 Hiltsbaru We PT?* O4� r. I iri6 Mil liker O aDe--tt . O ;�ii.l!.!1 �,�I eckttam 0 Gluiest Wild Ca. l4n..atnr, Fur: St Frain 0 :Walker Stacy 1r: rey Kirkland *Liberty I °Longmont Jetcsurr 0 lea.no Creek GOO c 1S7 `Loutsvtll a �� 287 Super' Microsoft' Virtual Earth "Broomfieid 1OP O * Tabor f P..mos j Puritan Damn° PErie o St Vrairs St Vans irk, 6 Nrnem a Cone - Brighton ("Lafayette `67°L, Todd Creek �yowrtnc 0 Pia:tevine A Old For. Vasquei Moore 'Joi.-m,ar 0 Firestone Qrede;rck 52 Eactiake lone 0 Aristocrat Rar.t:r,eres Foe: Lupton 0 4.4,M) 85 1Nattw ie q 7 Barr ;eke Bar. Yiid. -inert a LANd2 Greeley Jurc:'sc:r Greeley 'N 10th St a Gatcer, Ci:y6 0 Eyars Fm O } 'rimy 4ist Id Salle 56 A "..r Hudsc,, is Luctl«ute q 0 Tonvii e *Gin S�an;sh V age a � Kersey K-.r't Ca -tor 6 Q--- Keenesburq i� Krauss Sheetcar Johnson a 0 Rogger. Sc::"- r Sort 9 rail 1 0 a 3 Address 16200 County Road 394 WCR 8 15487 County Road 46 City Property Info La Salle 40 AC Land Fort Lupton 37.77 AC Land La Salle 78.44 AC Land Sale Info Sold: S700,000 (S0.40/SF) Sold: S715,000 (S0.43/SF) Sold: 51,000.000 ($0.29/SF) /664;ir s.tia /th cap cxt OAers-Brockway This copynghted repent contains research licensed to DuCharne. McMillen & Associates - 223840 7/28/2008 Page 1 Page 28 • 16200 County Road 394 - Envirotech Services SOLD La Salle, CO 80645 - Weld County Submarket Sale on 10/31/2007 for $700,000 ($0.40/SF) - Research Complete Industrial Land of 40 AC (1,742,400 SF) 1 ri U .. X . .1. Op ir ...• _ [13.2i1 tit .: ): .; f_ .. M S00 yrJ; 4'•1 ��1' Fast ^ek MKrocoft' r t 1 Virtual Earth" :Jiij .iimtluit ' rw_.ur. 'Li) alai, Ltd ..JD .'J Buyer & Seller Contact Info Recorded Buyer: Envirotech Services Inc Recorded Seller: Richard S Hill 16200 WCR #394 La Salle, CO 80645 True Buyer: Envirotech Services Inc True Seller: - 1140 38th Greeley, CO 80634 (970) 346-3900 Buyer Broker: No Buyer Broker on Deal Listing Broker: No Listing Broker on Deal Transaction Details ID: 1514019 Sale Date: 10/31/2007 (0 days on market) Sale Type: Owner/User Escrow Length: 105 days Land Area: 40 AC (1.742,400 SF) Sale Price: $700,000 -Confirmed Proposed Use: Industrial Price/SF Land Gross: $0.40 ($17,500.00/AC) Zoning: Industrial II Percent Improved: 71.6% Transfer Tax: $70 Total Value Assessed: $12,420 Improved Value Assessed: $8,890 Land Value Assessed: $3,530 Land Assessed/SF: $0.00 Topography: Level On -Site Improv: Raw land Off -Site Improv: Curb/Gutter/Sidewalk. Electricity, Gas, Sewer, Streets, Water Legal Desc: 16986 THAT PT SW4 2 4 66 LYING N OF N R/W OF UPRR EXC A TRIANGULAR PIECE OF LAND IN EXTREME NW COR SW4 (3A) (.50R 2D) SITUS: 16200 394 CR WELD 000000000 Parcel No: 105702000077 Document No: 3515025 Owens -Brockway This copyrighted report contains research licensed to DuCharrne, McMillen & Associates - 223840 AW1•[ Va. 4.%• MK{YN. . V 7/28/2008 Page 1 Page 29 16200 County Road 394 - Envirotech Services SOLD Industrial Land of 40 AC (1,742.400 SF) (con't) Transaction Notes *Sale Price: It was reported the property sold 'as is' including mineral rights. *Square Footage: Three buildings totaling 3,901 SF on the subject land were sold along with the 40 acres. *Sale Conditions: No sale conditions were reported. *Income/Expense: The buyer is an owner/user and plans to build a plant facility on the land as well as storage tanks for business use. *Exchange: There were no tax deferred exchanges reported for this transaction. *Market/Escrow Time: The property was not on the market at the time of sale; the buyers approached the seller directly. *Loan Information: We were unable to determine the loan information including the amount of down payment, if any. *Miscellaneous: Reportedly, this property has been rezoned from Agricultural to Industrial. *Mill Levy: 39.821 Current Land Information ID: 6541397 Zoning: Density Allowed: Number of Lots: Max # of Units: Units per Acre: Improvements: Topography: Off -Site Improv: Industrial II Proposed Use: Industrial - Land Area: 1,742,400 SF (40 AC) - On -Site Improv: Raw land - Lot Dimensions: - - Owner Type: - - Level Curb/Gutter/Sidewalk. Electricity. Gas, Sewer, Streets. Water Location Information Metro Market: Submarket: County: CBSA: DMA: Denver Weld County/Weld County Weld Greeley. CO Denver, CO -NE -WY -NV 1/451.19. .a,.....- r, r ... ..... , . Owens -Brockway This copyrighted report contains research licensed to DuChamie, McMillen & Associates - 223840. 7/28/2008 Page 2 Page 30 16200 County Road 394 - Envirotech Services SOLD Industrial Land of 40 AC (1,742,400 SF) (con't) Parcel Number: 105702000077 Legal Description: - County: Weld Plat Map: 16200 County Road 394 - Envirotech Services , i = t -I - I _ ', w, 05N6tAN tiC3 t _ _1 - -- --- - • _� on t :y 1 Pf Ia U A �ti I. ,y r 1 S �, - I .,� ,s 1 J f -Si _ 1 ti f`. .•rr1 >: aireeit e •.s i 1 —� •,I` ' _ _ -t y'- - �* • ' -W- = _ �-i !f _ •. - •/S¢F - r `'"� EVAN S _ •r Ir • , 1, [ I w 5 4 ,, N. , \ i`, �','` - _ 5 N.• 1 . .. 4 - ._ _ •. t • b..K ' • It - • .' 4r rl Y 4 M II 10- .1 11 I II l- ;, -fl 4 Y INeki County, Colorado fl lft _ Owens -Brockway This copynahted report contains research licensed to DuCharme. McMillen & Associates - 223840 7/28/2008 Page 3 Page 31 WCR 8 SOLD Fort Lupton. CO 80621 - Weld County Submarket 2 Sale on 01/16/2008 for $715,000 ($0.43/SF) - Research Complete Industrial Land of 37.77 AC (1,645,340 SF) 0 C (.7RtJ2 m rosott' 500 VIJ; 1 Virtual Earth' �_:!.u:a;:, :;:ta :,..IL) .t .r:"..svrM' Buyer & Seller Contact Info Recorded Buyer: City Of Aurora Colorado Recorded Seller: Donald L. & Suzanne Rittenhouse True Buyer: City Of Aurora Colorado True Seller: Donald L. & Suzanne Rittenhouse 15151 Alameda Suzanne Rittenhouse Aurora, CO 80012 Donald Rittenhouse (303) 739-7000 205 N Patit Rd Dayton, WA 99328 Buyer Broker: Not Available Listing Broker: Not Available Transaction Details ID: 1524550 Sale Date: 01/16/2008 Sale Type: Owner/User Escrow Length: - Land Area: 37.77 AC (1,645,340 SF) Sale Price: $715,000 -Confirmed Proposed Use: Water Retention Facility Price/SF Land Gross: $0.43 ($18.929.47/AC) Transfer Tax: SO Percent Improved: - Total Value Assessed: $62.320 Improved Value Assessed: - Land Value Assessed: $62,320 Land Assessed/SF: $0.00 Topography: Rolling On -Site Improv: Raw land Legal Desc: SW$ of SEc 19, T1 N. R66W, 6th P.M. Document No: 3530520 Owens -Brockway This copyrighted report contains research licensed to DuCharme. McMillen & Associates - 223840 7/28/2008 Page 4 Page 32 u i f *,`- Y 6 .,� uiktn� 'kl� 82 �'k-'>SxJ J 6 gf .{•F.Y�3 4.,.is'x 9;1 YS t i"C'. T TS 3➢ 3 id,�. a:��' i >A t Y& * Sale Price: It was reported property sold 'as -is'. * Intended Use: It was reported that the Buyer intends to build water conservation wells and possibly an acquifer re -charge and recovery system on the site. All water is to be collected from the South Platte River. The remaining vacant land will be left 'as -is'. H.C. Peck & Associates, Inc. will be involved with the construction of the above mentioned water water wells. * Land: There was a lot split prior to the sale. The new assessor's parcel #, map & assessed values weren't available at publication. Frontage could not be determined. * Exchange: No tax deferred exchanges were reported for this transaction. * Loan Information: All -cash deal. * Square Footage: It was confirmed total size of property purchased was 1,645,341 SF or 37.7718 acres. * Miscellaneous: No improvements on site at time of purchase. * Mill Levy: Not available at time of research. * Plat Map: Plat Map not available at time of research. u.iF C i..y#jy , e1 .� YFGii� YNE r• '. Y i'S%Fi-ay n �''' s adYe?x( 'nP' Ty4 w '..?. Zoning: - Proposed Use: Water Retention Facility Density Allowed: - Land Area: 1,645,340 SF (37.77 AC) Number of Lots: - On -Site Improv: Raw land Max # of Units: - Lot Dimensions: - Units per Acre: - Owner Type: - Improvements: - Topography: Rolling Location Information Metro Market: Denver Submarket: Weld County/Weld County County: Weld CBSA: Greeley, CO DMA: Denver, CO -NE -WY -NV Owens -Brockway This copynghled report contains research licensed to DUCharme, McMillen 8 Associates- 223840. 7/28/2008 Page 5 Page 33 • PT,.4 �k'9 'rn }i ') "C V 4 �d4 ;� 3� y',} p FZY aM '>y 3 ^ p � S w�i � ., G M'. 4. r +i�'�: A.�� 0Y .��X�Sd�.. g�• .a{ a ,Nn4 .. 4 Lr O 500 yth Microsoft' 1 Virtual Earth" .2,:aJiuwrif Culw-::ax t .1.1/6:1. �.14l d }8d F R ` _e& � a+oiG ir�eRec"�(ia dtt Info Recorded Buyer Western Equipment & Truck Inc Recorded Seller Jacqueline Bruce True Buyer Western Equipment & Truck Inc True Seller - 2055 1st Greeley, CO 80631 (970) 353-6682 Buyer Broker: No Buyer Broker on Deal Listing Broker No Listing Broker on Deal ,may i4ax, Sale Date 01/18/2008 (0 days on market) Sale Type: Owner/User Escrow Length: - Land Area: 78.44 AC (3,416,846 SF) Sale Price $1,000,000 -Confirmed Proposed Use: Warehouse Price/SF Land Gross $0.29 ($12,748.60/AC) Zoning Ag Percent Improved: - Transfer Tax $111 Total Value Assessed: $64,640 Improved Value Assessed: - Land Value Assessed: $64,640 Land Assessed/SF: $0.00 Financing: Down payment of $1,000,000.00 (100.0%) $1,000,000.00 from Farm Credit Svcs/mtn Plains Legal Desc: 17051-B LEASEHOLD INT SE4 SW4 10 4 66 JUSTINE 1-10 TANK BATTERY26607 JUSTINE 1-1026607 Parcel No: 105710000011 Document No 3530609 Trat19af.4 Ot44ote3 *Reportedly the property was not on the market at the time of the sale; the buyer approached the seller directly. `Mill Levy: 39.821 *Plat Map was unavailable at the time of research. Owens -Brockway this copynghred report contains research licensed to DuCharme, McMillen & Associates -223840. 7/28/2008 Page 6 Page 34 Zoning: Ag Density Allowed: - Number of Lots: - Max # of Units: - Units per Acre: - Improvements: - Legal Desc: Por E2SW410466 lot B Proposed Use: Warehouse Land Area: 3,416,846 SF (78.44 AC) On -Site Improv: - Lot Dimensions: - Owner Type: - Location Information Metro Market: Denver Submarket: Weld County/Weld County County: Weld CBSA: Greeley, CO DMA: Denver, CO -NE -WY -NV Owens -Brockway This copyrighted report contains research licensed to CuCharme, McMillen E. Associates -22384a 7/28/2008 Page 7 Page 35 7/29/2008 Summary Report Page: 1 Estimate Number Estimate ID Property Owner Property Address Property City State/Province Z1P/Postal Code Section 1 Occupancy 100% Industrials, Light Mftg. Total Area Number of Stories (Section) Shape Components HVAC (Heating): Space Heater Package Unit Sprinklers: Wet Sprinklers Land and Site: Land Site Improvements (undepreciated) Cost as of 01/2008 Basic Structure Base Cost Exterior Walls Heating & Cooling Sprinklers Basic Structure Cost Less Depreciation Physical Functional Depreciated Cost Miscellaneous Land Site Improvements Total Cost 162 R2704603 Owens -Brockway Glass Container 11333 County Road 64 Windsor, Weld County Colorado 80550 Class Masonry bearing walls 527,500 : 1.00 : 2.00 Units/% Units/% 527,500 527,500 556,812 527,500 527,500 6.0% 5.0% 527,500 527,500 542,156 14,656 100% 1,584,142 1,000,000 Height Rank 30.00 2.0 Other Cost 35.60 12.26 3.72 1.36 53.15 47.30 52.20 Total 18,779,000 6,467,150 2,071,664 717,400 28,035,214 1,682,113 1,401,761 24,951,340 1,584,142 1,000,000 27,535,482 Page 36 Cost Data by Marshall & Swift 7/29/2008 Summary Report Page: 2 Estimate Number ZIP/Postal Code . 162 . 80550 jI/162 74.806 acres @ Assessor's Value of 5.49/sf Replacement Cost 6% Physical Depreciation (issues with snowload collapses, Bentonite shifting) 5% Functional Obsolescence for enormous size of subject which is probably an insufficient adjustment for a typical Weld County industrial property 5% External 40' wall heights were not used in replacement because they are major overimprovement Page 37 Cost Data by Marshall & Swift 7/29/2008 Detailed Report Page: 1 Estimate Number: 162 Estimate ID: R2704603 Section 1 Occupancy 100% Industrials, Light Mftg. Total Area Number of Stories (Section) Shape Components HVAC (Heating): Space Heater Package Unit Sprinklers: Wet Sprinklers Land and Site: Land Site Improvements (undepreciated) Cost as of 01/2008 Basic Structure Base Cost Exterior Walls Heating & Cooling Space Heater Package Unit Sprinklers Wet Sprinklers Basic Structure Cost Less Depreciation Physical Functional Depreciated Cost Miscellaneous Land Land Site Improvements Site Improvements (undepreciated) Total Cost Class Height Rank Masonry bearing walls : 527,500 : 1.00 : 2.0 30.00 2.0 Units/% Other 542,156 14,656 100% 1,584,142 1,000,000 Total Cost Less Total Cost Units Unit Cost New Depreciation Depreciated 527,500 35.60 18,779,000 1,126,740 17,652,260 527,500 12.26 6,467,150 388,029 6,079,121 542,156 3.46 1,875,860 112,552 1,763,308 14,656 13.36 195,804 11,748 184,056 527,500 1.36 717,400 43,044 674,356 527,500 53.15 28,035,214 1,682,113 26,353,101 6.0% 5.0% 527,500 47.30 1,584,142 1,682,113 26,353,101 1,401,761 24,951,340 24,951,340 1,000,000 527,500 52.20 27,535,482 Page 38 Cost Data by Marshall & Swift 7/29/2008 Detailed Report Page: 2 Estimate Number: 162 Estimate ID: R2704603 jl/162 74.806 acres @ Assessor's Value of $.49/sf Replacement Cost 6% Physical Depreciation (issues with snowload collapses, Bentonite shifting) 5% Functional Obsolescence for enormous size of subject which is probably an insufficient adjustment for a typical Weld County industrial property 5% External 40' wall heights were not used in replacement because they are major overimprovement Page 39 Cost Data by Marshall & Swift 7/29/2008 Input Data Listing Page: 1 Estimate Number : 162 Estimate Number Property Owner Property Address Property City State/Province ZIP/Postal Code Estimate ID Surveyed By Survey Date Report Date (mm/yyyy) Apply depreciation % to Replacement Cost New Section 1 Occupancy 494 Industrials, Light Mftg. Total Area Number of Stories (Section) Shape Effective Age (years) Typical Life (years) Depreciation Type Depreciation % (Physical) Depreciation % (Functional) Components HVAC (Heating): 606 Space Heater 542156 611 Package Unit 14656 Sprinklers: 683 Wet Sprinklers 100 Land and Site: 61 Land 1584142 63 Site Improvements (undepreciated 1000000 : 162 : Owens -Brockway Glass Container : 11333 County Road 64 : Windsor, Weld County Colorado : 80550 : R2704603 : Kim Rogers : 04/02/2008 : 01/2008 : Yes Class Heieht Rank 100 C 30 2 : 527500 :1 :2 :3 : Marshall & Swift Tables Separate Physical & Functional :6 :5 Units/% Rank Depr % Other Remarks jl/162 74.806 acres @ Assessor's Value of $.49/sf Replacement Cost 6% Physical Depreciation (issues with snowload collapses, Bentonite shifting) 5% Functional Obsolescence for enormous size of subject which is probably an insufficient adjustment for a typical Weld County industrial property 5% External 40' wall heights were not used in replacement because they are major overimprovement Page -40 Cost Data by Marshall & Swift Real Property Account Acres Property Value Bldg SF AV/SF Land to Bldg Ratio R2704603 74.806 SUBJECT $37,039,805 527500 $70.22 6.18 :1 R0029690 17.36 Monfort/Swift $3,004,900 100198 $29.99 7.55 :1 R1295286 5.76 Monfort/Swift $2,042,876 84882 $24.07 2.96 :1 R1295686 16.35 Monfort/Swift $9,500,000 698473 $13.60 1.02 :1 R4857807 609.59 Eastman Kodak $29,593,092 2015036 $14.69 13.18 :1 7/29/2008 s: Windsor Equity Summary Owens Brockway Glass Container Page 41 identify Results Page 1 of 3 WELD COUNTY ASSESSOR PROPERTY PROFILE Account*: R0029690 Tax Area: 0609 Acres: 17.36 Township Range Section Quart.. Sec. 06-65-32-3 Bordering County: Parcel*: 080332301005 Subdivison Name Block* Lot* UNION COLONY LANDS - - 1 Owners Name & Address: MONFORT OF COLORADO INC C/O SWIFT FOODS COMPANY 1770 PROMONTORY CIR GREELEY, CO 80634 Business/Complex: NUGGET INTERNATIONAL -LAMBSKIN PLANT Sale Date Sale Price $0 Steles Summary Deed Type Property Addresg: Street: 920 N 7 AV GREELEY City: GREELEY Legal Descr_lp-tion Reception_# GR 13862 PT 32-6-65 ALL L4 SE4NW4 & PT Ll NE4SW4 LYING W OF C/L FREE CHURCH LATERAL & PT L4 NE4SW4 LYING W OF C/L FREE CHURCH LATERAL & N OF 6TH AVE EXC RR R/W (MONFORT LAMB PLANT ANNX) 920 N 7 AV GREELEY Land Type Industrial Land Subtotal: Abst Code 3115 Land Valuation Summary Unit of Number of Measure Units Acres 17.36 17.36 Building Ve a4yptlon Summary Bldg* Property Type 1 2 4 5 6 Commercial Commercial Commercial Commercial Commercial Improvements Subtotal: 7.-5 Total Property value Actual Value $378,101 Actual Value $2,626,799 $3,004,900 Assessed Value $109,650 Assessed value $761,770 $871,420 Building Details Account*: R0029690 Parcel#: 080332301005 Owners Name & Address: MONFORT OF COLORADO INC C/O SWIFT FOODS COMPANY 1770 PROMONTORY CIR GREELEY, CO 80634 Building# 1 Props rlyAddress: Street 920 N 7 AV GREELEY City: GREELEY Property Type Commercial Individual Built As Detail Page 42 http://maps2.merrick.com/Website/Weld/setSgl.asp?cmd=QUERY&DET=PP&pin=08033230100... 5/27/2008 Identify Results Page 2 of 3 Built As: Exterior: Interior Finish: # of Baths: # of Bdrms: # of Stories: Rooms: Garage; Attached SQ Ft: Basement: Total SQ Ft: Cold Storage Warehouse 0 0 1 0 Year Built: HVAC: Built As SQ Ft: Roof Type: Roof Cover: Units: Detached SQ Ft: Finished SQ Ft: 1988 Complete HVAC 76677 0 Account#: R0029690 Parcel*: 080332301005 Owners Name ik Address: MONFORT OF COLORADO INC C/O SWIFT FOODS COMPANY 1770 PROMONTORY CIR GREELEY, CO 80634 Properry. Address: Street: 920 N 7 AV GREELEY City: GREELEY Building* PropertlLType 2 Commercial Built As: Exterior: Interior Finish: # of Baths: # of Bdrms: # of Stories: Rooms: Garage: Attached SQ Ft: Basement: Total SQ Ft: Individual Built As Detail Shed - Cattle Year Built: NVAC: Built As SQ Ft: 0 Roof Type: 0 Roof Cover: 1 0 Units: Detached SQ Ft: Finished SQ Ft: 1988 None 19305 Gable 0 Account#: R0029690 Parcel*: 080332301005 Owners Name *Address: MONFORT OF COLORADO INC C/O SWIFT FOODS COMPANY 1770 PROMONTORY CIR GREELEY, CO 80634 Building* 4 Built As: Exterior: Interior Finish: # of Baths: # of Bdrms: * of Stories: Rooms: Garage: Attached SQ Ft: Basement: Total SQ Ft: Property Address: Street 920 N 7 AV GREELEY City: GREELEY Property Type Commercial Individual Built As Detail Office Building Year Built: NVAC: 0 0 1 0 Built As SQ Ft: Roof Type: Roof Cover: 1964 Forced Air 1376 Units: 0 Detached SQ Ft: Finished SQ Ft: Page 43 http://maps2.merrick.com/Website/Weld/setSql.asp?cmd=QUERY&DET=PP&pin=08033230100... 5/27/2008 Identify Results Page 3 of 3 Account*: R0029690 Parcel#: 080332301005 Owners Name & Address: MONFORT OF COLORADO INC C/O SWIFT FOODS COMPANY 1770 PROMONTORY CIR GREELEY, CO 80634 Building# 5 Built As: Exterior: Interior Finish: # of Baths: # of Bdrms: # of Stories: Rooms: Garage: Attached SQ Ft: Basement:. Total SQ Ft: Property Address: Street: 920 N 7 AV GREELEY City: GREELEY Property_TVpe Commercial Individual, Built As Detail Light Commercial Utility 0 0 1 0 Year Built: HVAC: Built As SQ Ft: Roof Type: Roof Cover: Units: Detached SQ Ft: Finished SQ Ft: 1961 None 2520 Gable 0 Account#: 80029690 Parcel*: 080332301005 Owners Flame B Address: MONFORT OF COLORADO INC C/O SWIFT FOODS COMPANY 1770 PROMONTORY OR GREELEY, CO 80634 Building# 6 Built As: Exterior: Interior Finish: # of Baths: * of Bdrms: * of Stories: Rooms: Garage: Attached SQ Ft: Basement: Total 5Q Ft: Office Building 0 0 0 Propertydddress: Street: 920 N 7 AV GREELEY City: GREELEY Property Type Commercial Individual Built As Detail Year Built: HVAC: Built As SQ Ft: Roof Type: Roof Cover: 1988 Package Unit 320 Flat Units: 0 Detached SQ Ft: Finished SQ Ft: Page 44 http://maps2.merrick.com/W ebsite/Weld/setSgl.asp?cmd=QUERY&DET=PP&pin=08033230100... 5/27/2008 Identify Results Page 1 of 3 WELD COUNTY ASSESSOR PROPERTY PROFILE Account#: R1295286 Parcel*: 080332301003 Tax Area: 0600 Acres: 5.76 Township Range Section Quart. Sec. 06-65-32-3 ,..,..,v......ar.,-.2,..0, Owners Name & Address: MONFORT OF COLORADO INC C/O SWIFT FOODS COMPANY 1770 PROMONTORY CIR GREELEY, CO 80634 Bordering County: SubdivisonName Block# Lot# UNION COLONY LANDS - - 4 Property Address: Street: 616 N 6 AV GREELEY City: GREELEY Business/Complex; HIDE PLANT Sale Date Sale Price $0 Sales Summary Deed Type Legal Description Reception # GR 13861 PT L4 NE4SW4 32-6-65 (MONFORT LAMB PLANT ANNEX) LYING W & S OF 6 AVE & N OF RIVER EXC UPRR SWITCH TRACKAGE SITUS: 616 N 6 AV GREELEY 80631 Land Type Industrial Land Subtotal: Abet Code 3115 Bldg# Property Type 1 2 3 4 Commercial Commercial Commercial Commercial Improvements Subtotal: Land Valuation Summary Unit of Number of Measure Acres Units 5.76 5.76 Buildings Valuation Summary Actual Value $125,453 Actual Value $1,917,423 Total Property Value Account*: R1295286 Owners Name &Address: MONFORT OF COLORADO INC C/O SWIFT FOODS COMPANY 1770 PROMONTORY CIR GREELEY, CO 80634 Building# 1 $2,042,876 Building Details Property Address: Street: 616 N 6 AV GREELEY City: GREELEY Property Type Commercial Individual Built As Detail Assessed Value $36,380 Assessed Value $556,050 $592,430 Parcel#: 080332301003 Page 45 http://maps2.mcrrick.com/Website/Weld/setSql.asp?cmd=QUERY&DET=PP&pin=0803 3230100... 5/27/2008 Identify Results Page 2 of 3 Built As: Exterior: Interior Finish: * of Baths: 4t of Bdrms: *of Stories: Rooms: Garage: Attached SQ Ft: Basement Total SQ Ft Account#: R1295286 Owners Name & Address: MONFORT OF COLORADO INC C/O SWIFT FOODS COMPANY 1770 PROMONTORY CIR GREELEY, CO 80634 Building* 2 Built As: Exterior: Interior Finish: It of Baths: it of Bdrms: if of Stories: Rooms: Garage: Attached SQ Ft: Basement Total SQ Ft: Account#: R1295286 0wners_Name & Address: MONFORT OF COLORADO INC C/O SWIFT FOODS COMPANY 1770 PROMONTORY CIR GREELEY, CO 80634 Building# 3 Built As: Exterior, Interior Finish: # of Baths: # of Bdrms: # of Stories: Rooms: Garage: Attached SQ Ft: Basement.. Total SQ Ft: Indust Lght Manufacturing 0 0 1 0 Year Built: HVAC: Built As SQ Ft: Roof Type: Roof Cover: Units: Detached SQ Ft: Finished SQ Ft Property Address: Street: 616 N 6 AV GREELEY City: GREELEY Property Type Commercial Individual Built As Detail Indust Lght Manufacturing Year Built: HVAC: 0 0 1 0 Office Building 0 0 1 0 Built As SQ Ft: Roof Type: Roof Cover: Units: Detached SQ Ft: Finished SQ Ft: Property Address: Street: 616 N 6 AV GREELEY City: GREELEY Property Type Commercial Individual Built As Detail Year Built: IIVAC: Built As SQ Ft: Roof Type: Roof Cover: Units: Detached SQ Ft: Finished SQ Ft: 1998 Space Heater 51249 0 Parcel#: 080332301003 1971 Space Heater 31520 0 Parcel*: 080332301003 1976 Forced Air 1343 0 Page 46 http://maps2.merrick.com/Website/Weld/setSgl.asp?cmd=QUERY&DET=PP&pin=08033230100... 5/27/2008 identify Results Page 3 of 3 Account*: R1295286 Parcels: 080332301003 Owners Name,& Addressp. MONFORT OF COLORADO INC C/O SWIFT FOODS COMPANY 1770 PROMONTORY CIR GREELEY, CO 80634 Buildings 4 Built As: Exterior: Interior Finish: * of Baths: * of Bdrms: * of Stories: Rooms: Garage: Attached SQ Ft: Basement: Total SQ Ft: Office Building 0 0 1 0 Property Address: Street: 616 N 6 AV GREELEY City: GREELEY Property Type Commercial Individual Built As Detail Year Built: HVAC: Built As SQ Ft: Roof Type: Roof Cover: 1988 Package Unit 770 Units: 0 Detached SQ Ft: Finished SQ Ft: Page 47 http://maps2.merrick.com/Website/Weld/setSgl.asp?Cmd=QUERY&DET=PP&pin=08033230100... 5/27/2008 Identify Results Page 1 of 5 WELD COUNTY ASSESSOR PROPERTY PROFILE Account*: R1295686 Parcel#: 080332303001 Tax Area: 0600 Acres: 16.35 Township Range_Section Quart. Sec. 06-65-32-3 Bordering County: Subdivcn Name Block# Lot# Owners Nam@lk Address: MONFORT OF COLORADO INC C/O SWIFT FOODS COMPANY 1.770 PROMONTORY CIR GREELEY, CO 80634 Business/Complex: SWIFT BEEF PACKING Sale Date Sale Price SO Property Address: Street: 800 N 8 AV GREELEY City: GREELEY Sales Summary Deed Type Legal _Description Reception # GR CP-1 PT CAPITOL PACK LYING N OF POUDRE RIVER & VAC ROADWAY & ST EXC HWY SITUS: 800 N B AV GREELEY 80631 SITUS: 100 N B AV GREELEY 80631 Land Type Industrial Land Subtotal: Abet Code 3115 Unit of Measure Square Feet Land Valuation Summary Number of Units 712030 712030 Actual Value $712,030 Buildings Valuation Summary Bldg# Property Type 1 10 2 3 4 S 6 7 8 9 Commercial Commercial Commercial Commercial Commercial Commercial Commercial Commercial Commercial Commercial Improvements Subtotal: Total Property Value Actual Value $8,787,970 $9,5O0,000 Assessed Value $206,490 Assessed Value $ 2,548,520 $2,755,010 Building Details Account*: R1295686 Parcel#: 080332303001 Owners Name & Address: MONFORT OF COLORADO INC C/O SWIFT FOODS COMPANY 1770 PROMONTORY OR GREELEY, CO 80634 Property Address: Street: 800 N 8 AV GREELEY City: GREELEY Page 48 http://maps2.merrick. com/Website/Weld/setSgl.asp?cmdUERY&DET=PP&pin=0803 3230300... 5/27/2008 Identify Results Page 2 of 5 Building* 1 Property Type Commercial Individual Built As Detail Built As: Indust Heavy Manufacturing Year Built: 1995 Exterior: HVAC: Steam w/o Boiler Interior Finish: Built As SQ Ft: 662825 # of Baths: 0 Roof Type: Flat S of Bdrms: 0 Roof Coven # of Stories: 1 Rooms: 0 Units: 0 Garage: Attached SQ Ft Basement: Total SQ Ft: Detached SQ Ft: Finished SQ Ft Account#: R1295686 Parcel#:080332303001 Owners Name & Address: MONFORT OF COLORADO INC C/O SWIFT FOODS COMPANY 1770 PROMONTORY CIR GREELEY, CO 80634 Property. Address: Street: 800 N 8 AV GREELEY City: GREELEY Bu_Rding# Property Type 10 Commercial Built As: Exterior: Interior Finish: # of Baths: S of Bdrms: # of Stories: Rooms: Garage: Attached SQ Ft: Basement: Total SQ Ft: Office Building 0 0 1 0 Individual Built As Detail Year Built: HVAC: Built As SQ Ft: Roof Type: Roof Cover: 1966 Package Unit 3200 Units: 0 Detached SQ Ft: Finished SQ Ft: Account#: R1295686 Parcel*: 080332303001 Owners Name & Address: MONFORT OF COLORADO INC C/O SWIFT FOODS COMPANY 1770 PROMONTORY CIR GREELEY, CO 80634 Building* 2 Built As: Exterior: Interior Finish: # of Baths: # of Bdrms: # of Stories: Rooms: Garage: Attached SQ Ft: Page 49 http://maps2.merrick.com/Website/Weld/setSgl.asp?cmd=QUERY&DET=PP&pin=08033230300... 5/27/2008 Property Address: Street: 800 N 8 AV GREELEY City: GREELEY Property Type Commercial Individual Built As Detail Indust Lght Manufacturing Year Built: HVAC: 0 0 1 0 Built As SQ Ft Roof Type: Roof Cover: 1966 Space Heater 8928 Units: 0 Detached SQ Ft: Identify Results Page 3 of 5 Basement: Total SQ Ft: Finished SQ Ft: Account*: R1295686 Parcel*: 080332303001 OymersNpme k Address: MONFORT OF COLORADO INC C/O SWIFT FOODS COMPANY 1770 PROMONTORY CIR GREELEY, CO 80634 Building* 3 Built As: Exterior. Interior Finish: It of Baths: * of Bdrms: * of Stories: Rooms: Garage: Attached SQ Ft: Basement: Total SQ Ft: Property Address: Street: 800 N 8 AV GREELEY City: GREELEY Property Type Commercial Individual Built As Detail Indust Lght Manufacturing Year Built: HVAC: 0 0 0 Built As SQ Ft: Roof Type: Roof Cover: 1966 Space Heater 1824 Units: 0 Detached SQ Ft: Finished SQ Ft: Account*: R1295686 Parcel#:080332303001 Owners Name & Address: Property Address: MONFORT OF COLORADO INC Street: 800 N 8 AV GREELEY C/O SWIFT FOODS COMPANY City: GREELEY 1770 PROMONTORY CIR GREELEY, CO 80634 Building* 4 Built As: Exterior: Interior Finish: # of Baths: # of Bdrms: # of Stories: Rooms: Garage: Attached SQ Ft Basement: Total SQ Ft: Property. Type Commercial Individual Built As Detail Comm Shed - Equipment Year Built: HVAC: 0 0 1 0 Built As SQ Ft: Roof Type: Roof Cover: 1966 Space Heater 484 Units: 0 Detached SQ Ft: Finished SQ Ft: Account#: R1295686 Parcel*: 080332303001 Owners Name A Address: MONFORT OF COLORADO INC C/O SWIFT FOODS COMPANY 1770 PROMONTORY CIR GREELEY, CO 80634 Building* 5 Property Address: Street: 800 N 8 AV GREELEY City: GREELEY Property Type Commercial Page 50 http://maps2.merrick.com/ Website/Weld/setSgl.asp?cmd=QUERY&DET=PP&pin=08033230300... 5/27/2008 Identify Results Page 4 of 5 Built As: Exterior: Interior Finish: # of Baths: # of Bdrms: # of Stories: Rooms: Garage: Attached SQ Ft: Basement: Total SQ Ft Individual Built As Detail Comm Shed • Equipment Year Built: 1966 HVAC: Space Heater Built As SQ Ft: 5000 0 Roof Type: 0 Roof Cover. 1 0 Units: 0 Detached SQ Ft: Finished SQ Ft: Account#: R1295686 Parcel#: 080332303001 Owners fume & Address: MONFORT OF COLORADO INC C/O SWIFT FOODS COMPANY 1770 PROMONTORY CIR GREELEY, CO 80634 Building# 6 Built As: Exterior: Interior Finish: # of Baths: # of Bdrms: # of Stories: Rooms: Garage: Attached SQ Ft: Basement: Total SQ Ft: Property Address: Street: 800 N 8 AV GREELEY City: GREELEY Property Type Commercial Individual Built As Detail Comm Shed - Equipment Year Built: HVAC: 0 0 1 0 Built As SQ Ft: Roof Type: Roof Cover: 1966 Space Heater 480 Units: 0 Detached SQ Ft: Finished SQ Ft: Account#: RI295686 Parcel*: 080332303001 Owner&Game & Address: MONFORT OF COLORADO INC C/O SWIFT FOODS COMPANY 1770 PROMONTORY CIR GREELEY, CO 80634 Building# 7 Built As: Exterior: Interior Finish: # of Baths: # of Bdrms: # of Stories: Rooms: Garage: Attached SQ Ft: Basement: Total SQ Ft: Page 51 http://maps2.merrick.corn/Website/W eld/setSgl.asp?cmd�UERY&DET=PP&pin=08033230300... 5/27/2008 PropertyAddreSs: Street: 800 N 8 AV GREELEY City: GREELEY Property! Type Commercial Individual Built As Detail Indust Lght Manufacturing 0 0 1 0 Year Built: HVAC: Built As SQ Ft Roof Type: Roof Cover: 1991 None 1918 Units: 0 Detached SQ Ft: Finished SQ Ft: Identify Results Page 5 of 5 Account#: R1295686 Parcei#: 080332303001 Owners Name R Address: MONFORT OF COLORADO INC C/O SWIFT FOODS COMPANY 1770 PROMONTORY CIR GREELEY, CO 80634 Building# 8 Built As: Exterior: Interior Finish: # of Baths: # of Bdrms: # of Stories: Rooms: Garage: Attached SQ Ft: Basement: Total SQ Ft: Property Address: Street: 800 N 8 AV GREELEY City: GREELEY Property, Type Commercial Individual Built As Detail Indust Lght Manufacturing Year Built: HVAC: 0 0 1 0 Built As SQ Ft: Roof Type: Roof Cover: 1990 Space Heater 1104 Units: 0 Detached SQ Ft: Finished SQ Ft: Account#: R1295686 Parcel#: 0803 32 30 300 1 Owners Name k Address.: MONFORT OF COLORADO INC C/O SWIFT FOODS COMPANY 1770 PROMONTORY CIR GREELEY, CO 80634 Building# 9 Built As: Exterior: Interior Finish: # of Baths: # of Bdrms: # of Stories: Rooms: Garage: Attached SQ Ft: Basement: Total SQ Ft: Property Address: Street: 800 N 8 AV GREELEY City: GREELEY Property Type Commercial Individual Built As Detail Indust Lght Manufacturing Year Built: HVAC: 0 0 1 0 Built As SQ Ft: Roof Type: Roof Cover: 1990 Space Heater 12710 Units: 0 Detached SQ Ft: Finished SQ Ft: Page 52 http://maps2.merrick.com/Website/Weld/setSgl.asp?cmd=QUERY&DET=PP&pin=08033230300... 5/27/2008 Identify Results Page 1 of 13 WELD COUNTY ASSESSOR PROPERTY PROFILE Account#: R4857807 Parcel#: 080726100011 Tax Area: 0429 Acres: 609.5924 Township. Range Section Quart. Sec. 06-67-26-1 Bordering County: SW¢divison Name Block# Lot# Owners Name & Address: EASTMAN KODAK - COLORADO DIV C/O GOLDWYN LING CORP TAX 343 STATE ST ROCHESTER, NY 14650-0904 Business/Complex: EASTMAN KODAK COMPANY Sale Date Sale Price $0 Property Address: Street: 9952 EASTMAN PARK DR WELD City: WELD Sales Summery Deed Type Legal Description Reception # W2 26-6-67 EXC BEG AT C4 COR SEC 26 S00O25'E 1320.21' TO C S 1/16 COR TH S89D40'W 138.47' TO E BACK OF CURB LN ON LITIIOPLATE DR TII ALG SD CURB N24D53'E 52.19' TH Al G CURVE TO L (R=130.05) CHORD=N12D20'E 57.14' TH NOD12'W 82.36' TH ALG CURVE TO L Land Type Agricultural Agricultural Agricultural Agricultural Industrial Land Subtotal: Abst Code 4117 4117 4137 4167 3115 Land Valuation Summary Unit of Number of Measure Units Acres 72.7 Acres 55.8 Acres 22.2 Acres 33.5 Square Feet 18530092 Bldg# Property Type 1 10 11 12 13 14 15 16 17 18 19 2 70 21 22 23 24 25 26 27 28 29 3 4 Commercial Commercial Commercial Commercial Commercial Commercial Commercial Commercial Commercial Commercial Commercial Commercial Commercial Commercial Commercial Commercial Commercial Commercial Commercial Commercial Commercial Commercial Commercial Commercial 18530276.2 Actual Value Assessed Value $15,809,894 $4,584,860 Buildings Valuation Summary Actual Value Assessed Value Page 53 http://maps2.merrick.com/W ebsite/Weld/setSgl. asp?cmd=QUERY&DET=PP&pin=08072610001... 5/27/2008 Identify Results Page 2 of 13 5 6 7 8 9 Commercial Commercial Commercial Commercial Commercial Improvements Subtotal: Total Property Value Account#: R4857807 Owners Name & Address: EASTMAN KODAK - COLORADO DIV C/O GOLDWYN LING CORP TAX 343 STATE ST ROCHESTER, NY 14650-0904 Building# 1 Built As: Exterior: Interior Finish: # of Baths: # of Bdrms: # of Stories: Rooms: Garage: Attached SQ Ft: Basement: Total SQ Ft: Account#: R4857807 Fire Station - Volunteer 0 0 1 0 Owners Name & Address: EASTMAN KODAK - COLORADO DIV C/O GOLDWYN LING CORP TAX 343 STATE ST ROCHESTER, NY 14650-0904 Building# 10 Built As: Exterior. Interior Finish: # of Baths: I of Bdrms: # of Stories: Rooms: Garage: Attached SQ Ft: Basement: Total SQ Ft: Storage Warehouse 0 0 1 0 $13,783,198 $3,997,120 $29,593,092 Building Details Property Address: Street: 9952 EASTMAN PARK DR WELD City: WELD Property Type Commercial Individual Built As_Detail Year Built: NVAC: Built As SQ Ft: Roof Type: Roof Cover: Units: Detached SQ Ft: Finished SQ Ft: ProperboAddress: Street: 9952 EASTMAN PARK DR WELD City: WELD Property Type Commercial Individual Built As Detail Year Built: NVAC: Built As SQ Ft: Roof Type: Root Cover: Units: Detached SQ Ft: Finished SQ Ft: $8,581,980 Parcel*: 080726100011 1971 Hot Chilled Water 20482 Flat 0 Parcel*: 080726100011 1971 Hot Chilled Water 4833 Flat 0 Account#: R4857807 Parcel*: 080726100011 Page 54 http://maps2.merrick.com/Website/Weld/setSgl.asp?cmd=QUERY&DET=PP&pin=08072610001... 5/27/2008 • Identify Results Page 3 of 13 Owners Name a Addmss: EASTMAN KODAK - COLORADO DIV C/O GOLDWYN LING CORP TAX 343 STATE ST ROCHESTER, NY 14650-0904 Buildings 11 Propertyftddress: Street: 9952 EASTMAN PARK DR WELD City: WELD Property Type Commercial Individual Built As Detail Built As: Indust Heavy Manufacturing Year Built: 1971 Exterior: HVAC: Hot Chilled Water Interior Finish: Built As SQ Ft: 4331 # of Baths: 0 Roof Type: Flat s of Bdrms: 0 Roof Cover: # of Stories: 1 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Basement: Total SQ Ft: Detached SQ Ft: Finished SQ Ft: Account#: R4857807 Parcel*: 080726100011 Owners Name e. Address: EASTMAN KODAK - COLORADO DIV C/O GOLDWYN LING CORP TAX 343 STATE ST ROCHESTER, NY 14650-0904 Buildings 12 Property Address: Street: 9952 EASTMAN PARK DR WELD City: WELD Property Type Commercial Individual Built As Detail Built As: Indust Heavy Manufacturing Year Built: 1971 Exterior: HVAC: Hot Chilled Water Interior Finish: Built As SQ Ft: 265 # of Baths: 0 Roof Type: Flat # of Bdrms: 0 Roof Cover: # of Stories: 1 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Basement: Total SQ Ft: Detached SQ Ft: Finished SQ Ft: Account#: R4857807 Parcel*: 080726100011 Owners Name & Address: EASTMAN KODAK - COLORADO DIV C/O GOLDWYN UNG CORP TAX 343 STATE ST ROCHESTER, NY 14650-0904 Building# 13 Built As: Exterior: Interior Finish: Property Address: Street: 9952 EASTMAN PARK DR WELD City: WELD Property Type Commercial Individual Built As Detail Indust Heavy Manufacturing Year Built: HVAC: Built As SQ Ft: 1974 Hot Chilled Water 1271 Page 55 http://maps2.merrick.com/Website/Weld/setSgl.asp?cmd=QUERY&DET=PP&pin=08072610001... 5/27/2008 Identify Results Page 4 of 13 # of Baths: 0 # of Bdrms: 0 # of Stories: 0 Rooms: 0 Garage: Attached SQ Ft: Basement: Total SQ Ft: Roof Type: Roof Cover: Flat Units: 0 Detached SQ Ft: Finished SQ Ft: Account#: R4857807 Parcel*: 080726100011 Owftr Ndme & Address: EASTMAN KODAK - COLORADO DIV C/O GOLDWYN LING CORP TAX 343 STATE ST ROCHESTER, NY 14650-0904 Building# 14 Property Adder: Street 9952 EASTMAN PARK DR WELD City: WELD Property Type Commercial Individual Built As Detail Built As: Indust Heavy Manufacturing Year Built: 1971 Exterior: HVAC: Hot Chilled Water Interior Finish: Built As SQ Ft: 332364 # of Baths: 0 Roof Type: Flat # of Bdrms: 0 Roof Cover: # of Stories: 2 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Basement: Total SQ Ft: Detached SQ Ft: Finished SQ Ft: Account#: R4857807 Parcel*: 080726100011 Owners Na t& Address: EASTMAN KODAK - COLORADO DIV C/O GOLDWYN LING CORP TAX 343 STATE ST ROCHESTER, NY 14650-0904 Building# 15 Built As: Exterior: Interior Finish: # of Baths: # of Bdrms: # of Stories: Rooms: Garage: Attached SQ Ft: Basement Total SQ Ft: Propertntelgress: Street: 9952 EASTMAN PARK DR WELD City: WELD Property Type Commercial Individual Built As Detail Indust Heavy Manufacturing 0 0 1 0 Year Built: HVAC: Built As SQ Ft: Roof Type: Roof Cover: 1976 None 986 Flat Units: 0 Detached SQ Ft: Finished SQ Ft: Account#: R4857807 Parcel*: 080726100011 Owners Ntme & Address: Property Address: Page 56 http://maps2.merrick.com/Website/Weld/setSgl.asp?cmd=QUERY&DET=PP&pin=08072610001... 5/27/2008 Identify Results Page 5 of 13 EASTMAN KODAK - COLORADO DIV C/O GOLDWYN LING CORP TAX 343 STATE ST ROCHESTER, NY 14650-0904 Street: 9952 EASTMAN PARK DR WELD City: WELD Building* Property Typo 16 Commercial Built As: Exterior: Interior Finish: # of Baths: # of Bdrms: # of Stories: Rooms: Garage: Attached SQ Ft Basement Total SQ Pt: Individual Built As Detail Indust Heavy Manufacturing 0 0 1 0 Year Built: HVAC: Built As SQ Ft Roof Type: Roof Cover: 1971 None 480 Flat Units: 0 Detached SQ Ft: Finished SQ Ft: Account#: R4857807 Parcel#: 080726100011 Owners Name & Address: EASTMAN KODAK - COLORADO DIV C/O GOLDWYN LING CORP TAX 343 STATE ST ROCHESTER, NY 14650-0904 Building# 17 Property Address: Street: 9952 EASTMAN PARK DR WELD City: WELD Property Type Commercial Individual Built As Detail Built As: Indust Heavy Manufacturing Year Built: 1974 Exterior: HVAC: Hot Chilled Water Interior Finish: Built As SQ Ft: 48887 * of Baths: 0 Roof Type: Flat * of Bdrms: 0 Roof Cover: * of Stories: 2 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Basement: Total SQ Ft: Detached SQ Ft: Finished SQ Ft: Account*: R4857807 Parcel*: 080726100011 Owners Name & Address: EASTMAN KODAK - COLORADO DIV C/O GOLDWYN LING CORP TAX 343 STATE ST ROCHESTER, NY 14650-0904 Building# 18 Built As: Exterior: Interior Finish: # of Baths: # of Bdrms: Property Address: Street: 9952 EASTMAN PARK DR WELD City: WELD Property Type Commercial Individual Built As Detail Shed - Utility Year Built: HVAC: Built As SQ Ft: 0 Roof Type: 0 Roof Cover: 1980 None 493 Flat Page 57 http://maps2.merrick.com/Website/Wcld/setSgl.asp?cmd=QUERY&DET=PP&pin=08072610001... 5/27/2008 Identify Results Page 6 of 13 * of Stories: Rooms: Garage: Attached SQ Ft: Basement: Total SQ Ft: 1 0 Units: Detached SQ Ft: Finished SQ Ft: 0 Account#: R4857807 Parcel*: 080726100011 Owners Name & Address: EASTMAN KODAK - COLORADO DIV C/O GOLDWYN LING CORP TAX 343 STATE ST ROCHESTER, NY 14650-0904 Building# 19 Built As: Exterior: Interior Finish: # of Baths: # of Bdrms: # of Stories: Rooms: Garage: Attached SQ Ft: Basement:. Total SQ Ft: Account#: R4857807 Property Address; Street: 9952 EASTMAN PARK DR WELD City: WELD Property Type Commercial Individual Built As Detail Indust Heavy Manufacturing Year Built: HVAC: 0 0 1 0 Owners Name & Address: EASTMAN KODAK - COLORADO DIV C/O GOLDWYN LING CORP TAX 343 STATE ST ROCHESTER, NY 14650-0904 Building* 2 Built As: Exterior: Interior Finish: # of Baths: # of Bdrms: # of Stories: Rooms: Garage: Attached SQ Ft: Basement: Total SQ Ft: Account#: R4857807 Mechanical Penthouse 0 0 1 0 Owners Name & Address: EASTMAN KODAK - COLORADO DIV C/O GOLDWYN LING CORP TAX Built As SQ Ft: Roof Type: Roof Cover: Units: Detached SQ Ft: Finished SQ Ft: Property Address: Street: 9952 EASTMAN PARK DR WELD City: WELD Property Type Commercial Individual Built As Detail Year Built: HVAC: Built As SQ Ft: Roof Type: Roof Cover: Units: Detached SQ Ft: Finished SQ Ft: Property Address: Street: 9952 EASTMAN PARK DR WELD City: WELD 1989 Hot Chilled Water 21627 0 Parcel#: 080726100011 1971 Hot Chilled Water 183556 Flat 0 Parcel#: 080726100011 Page 58 http://maps2.merrick.com/Website/Weld/setSgl.asp?cmd=QUERY&DET=PP&pin=08072610001... 5/27/2008 Identify Results Page 7 of 13 343 STATE ST ROCHESTER, NY 14650-0904 Building# 20 Built As: Exterior: Interior Finish: # of Baths: # of Bdrms: S of Stories: Rooms: Garage: Attached SQ Ft: Basement: Total SQ Ft: Shed - utility 0 0 1 0 Property Type Commercial Individual Built As Detail Year Built: HVAC: Built As SQ Ft: Roof Type: Roof Cover: 1990 Space Heater 1294 Flat Units: 0 Detached SQ Ft: Finished SQ Ft accounts: R4857807 Parcel*: 080726100011 Owners Name & Address EASTMAN KODAK - COLORADO DIV C/O GOLDWYN LING CORP TAX 343 STATE ST ROCHESTER, NY 14650-0904 Building# 21 Built As: Exterior: Interior Finish: # of Baths: # of Bdrms: # of Stories: Rooms: Garage: Attached SQ Ft: Basement: Total SQ Ft Shed - Utility 0 0 1 0 Property Address: Street 9952 EASTMAN PARK DR WELD City: WELD Property TyPe Commercial Individual Built As Detail Year Built: HVAC: Built As SQ Ft: Roof Type: Roof Cover. 1990 Space Heater 1000 Flat Units: 0 Detached SQ Ft: Finished SQ Ft: Account#: R4857807 Parcel#:080726100011 Owners Name & Address: EASTMAN KODAK - COLORADO DIV C/O GOLDWYN LING CORP TAX 343 STATE ST ROCHESTER, NY 14650-0904 Building# 22 Built As: Exterior: Interior Finish: # of Baths: # of Bdrms: # of Stories: Rooms: Shed - Utility 0 0 1 0 Property -Address: Street: 9952 EASTMAN PARK DR WELD City: WELD Property Type Commercial Individual Built As Detail Year Built: HVAC: Built As SQ Ft: Roof Type: Roof Coven 1990 Space Heater 204 Flat Units: 0 Page 59 http://maps2.merrick.com/Website/Weld/setSgl.asp?emd=QUERY&DET=PP&pin 08072610001... 5/27/2008 Identify Results Page 8 of 13 Garage: Attached SQ Ft: Basement: Total SQ Ft: Detached SQ Ft: Finished SQ Ft: Account#: R4857807 Parcel*: 080726100011 Owners Name & Address EASTMAN KODAK - COLORADO DIV C/O GOLDWYN LING CORP TAX 343 STATE ST ROCHESTER, NY 14650-0904 Building# 23 Built As: Exterior: Interior Finish: * of Baths: * of Bdrms: # of Stories: Rooms: Garage: Attached SQ Ft: Basement: Total SQ Ft: Properly Address: Street: 9952 EASTMAN PARK DR WELD City: WELD Property Type Commercial Individual Built As Detail Storage Warehouse Year Built: HVAC: 0 0 1 0 Built As SQ Ft: Roof Type: Roof Cover: 1990 None 1217 Gable Units: 0 Detached SQ Ft: Finished SQ Ft: Account#: R4857807 Parcel#: 080726100011 Owners Name & Address: EASTMAN KODAK - COLORADO DIV C/O GOLDWYN LING CORP TAX 343 STATE ST ROCHESTER, NY 14650-0904 Building# 24 Built As: Exterior. Interior Finish: # of Baths: It of Bdrms: # of Stories: Rooms: Garage: Attached SQ Ft: Basement: Total SQ Ft: Account#: R4857807 Owner Name & Address: EASTMAN KODAK - COLORADO DIV C/O GOLDWYN LING CORP TAX 343 STATE ST ROCHESTER, NY 14650-0904 Property Address: Street: 9952 EASTMAN PARK DR WELD City: WELD Property Type Commercial Individual Built As Detail Storage Warehouse Year Built: HVAC: 0 0 1 0 Built As SQ Ft: Roof Type: Roof Cover: Units: Detached SQ Ft: Finished SQ Ft: Property Address: Street: 9952 EASTMAN PARK DR WELD City: WELD 1990 None 4877 Gable 0 Parcel#: 080726100011 Page 60 http://maps2.metriek.com/Website/Weld/setSgl.asp?cmdr-QUERY&DET=PP&pin=08072610001... 5/27/2008 Identify Results Page 9 of 13 Building# 25 Built As: Exterior: Interior Finish: # of Baths: # of Bdrms: # of Stories: Rooms: Garage: Attached SQ Ft: Basement: Total SQ Ft: Storage Warehouse 0 0 1 0 Property Type Commercial Individual Built As Detail Year Built: HVAC: Built As SQ Ft Roof Type: Roof Cover: 1990 Space Heater 7200 Gable Units: 0 Detached SQ Ft: Finished SQ Ft: Account#: R4857807 Parcel*: 080726100011 Owners Name & Address: EASTMAN KODAK - COLORADO DIV C/O GOLDWYN LING CORP TAX 343 STATE ST ROCHESTER, NY 14650-0904 Building# 26 Built As: Exterior. Interior Finish: # of Baths: # of Bdrms: * of Stories: Rooms: Garage: Attached SQ Ft: Basement: Total SQ Ft: Service Garage 0 0 1 0 Property_Address: Street: 9952 EASTMAN PARK DR WELD City: WELD Property Type Commercial Individual Built As Detail Year Built: HVAC: Built As SQ Ft: Roof Type: Roof Cover: 1990 Space Heater 4017 Gable Units: 0 Detached SQ Ft: Finished SQ Ft: Account#: R4857807 Parcel*: 080726100011 Owners Name & Address: EASTMAN KODAK - COLORADO DIV C/O GOLDWYN LING CORP TAX 343 STATE ST ROCHESTER, NY 14650-0904 Building# 27 Built As: Exterior: Interior Finish: # of Baths: * of Bdrms: # of Stories: Rooms: Garage: Page 61 http://maps2.merrick.com/Website/Weld/setSgl.asp?cmd=QUERY&DET=PP&pin=08072610001... 5/27/2008 Service Garage 0 0 1 0 ProppsyAddress: Street: 9952 EASTMAN PARK DR WELD City: WELD Property TYPO Commercial Individual Built AS Detail Year Built: HVAC: Built As SQ Ft: Roof Type: Roof Cover: 1990 Space Heater 7323 Gable Units: 0 Identify Results Page 10 of 13 Attached SQ Ft: Basement: Total SQ Ft: Detached SQ Ft: Finished SQ Ft: Account#: R4857807 Parcels: 080726100011 Owners Name & Address: EASTMAN KODAK - COLORADO DIV C/O GOLDWYN LING CORP TAX 343 STATE ST ROCHESTER, NY 14650-0904 Building* 28 Built As: Exterior: Interior Finish: # of Baths: * of Bdrms: # of Stories: Rooms: Garage: Attached SQ Ft: Basement: Total SQ Ft: Service Garage 0 0 1 0 Property Address: Street: 9952 EASTMAN PARK DR WELD City: WELD Property Type Commercial Individual Built As Detail Year Built: HVAC: Built As SQ Ft: Roof Type: Roof Cover: 1990 Space Heater 4015 Gable Units: 0 Detached SQ Ft: Finished SQ Ft: Account#: R4857807 Parcel*: 080726100011 Owners Name & Address; EASTMAN KODAK - COLORADO DIV C/O GOLDWYN LING CORP TAX 343 STATE ST ROCHESTER, NY 14650-0904 Building# 29 Built As: Exterior: Interior Finish: S of Baths: S of Bdrms: S of Stories: Rooms: Garage: Attached SQ Ft: Basement: Total SQ Ft: Account*: R4857807 Owners Name & Address: EASTMAN KODAK - COLORADO DIV C/O GOLDWYN LING CORP TAX 343 STATE ST ROCHESTER, NY 14650-0904 Property Address: Street: 9952 EASTMAN PARK DR WELD City: WELD Property Type Commercial Individual Built AB_Detail Shed - Equipment Year Built: HVAC: 0 0 1 0 Built As SQ Ft: Root Type: Roof Cover: Units: Detached SQ Ft: Finished SQ Ft: Property Address: Street: 9952 EASTMAN PARK DR WELD City: WELD Building* Property Type 1990 None 3200 Flat 0 Parcel*: 080726100011 Page 62 http://maps2.merrick.com/Website/We1d/setSgl.asp?cmd=QUERY&DET=PP&pin=08072610001... 5/27/2008 Identify Results 3 Built As: Exterior: Interior Finish: # of Baths: # of Bdrms: # of Stories: Rooms: Garage: Attached SQ Ft: Basement:. Total SQ Ft Storage Warehouse 0 0 1 0 Commercial Individual Built As Detail Year Built: HVAC: Built As SQ Ft: Roof Type: Roof Cover: Page 11 of 13 1971 Hot Chilled Water 272967 Flat Units: 0 Detached SQ Ft: Finished SQ Ft: Account#: R4857807 Parcel*: 080726100011 Owners Name & Address: EASTMAN KODAK - COLORADO DIV C/O GOLDWYN UNG CORP TAX 343 STATE ST ROCHESTER, NY 14650-0904 Building* 4 Built As: Exterior: Interior Finish: it of Baths: # of Bdrms: # of Stories: Rooms: Gauge: Attached SQ Ft: Basement: Total SQ Ft: Storage Warehouse 0 0 2 0 Property_Address: Street: 9952 EASTMAN PARK DR WELD City: WELD Property Type Commercial Individual Built As Detail Year Built: HVAC: Built As SQ Ft: Roof Type: Roof Cover: 1977 Hot Chilled Water 505688 Flat Units: 0 Detached SQ Ft: Finished SQ Ft: Account#: R4857807 Parcel*: 080726100011 Owners Name A Address: EASTMAN KODAK - COLORADO DIV C/O GOLDWYN UNG CORP TAX 343 STATE ST ROCHESTER, NY 14650-0904 Building# 5 Built As: Exterior: Interior Finish: * of Baths: # of Bdrms: It of Stories: Rooms: Garage: Attached SQ Ft: Basement: Page 63 http://maps2.merrick.com/Website/Weld/setSgl.asp?cmd=QUERY&DET=PP&pin=08072610001... 5/27/2008 Storage Warehouse 0 0 0 Property Address: Street: 9952 EASTMAN PARK DR WELD City: WELD Property Type Commercial Individual Built As Detail Year Built: HVAC: Built As SQ Ft: Roof Type: Roof Cover: 1971 Hot Chilled Water 246002 Flat Units: 0 Detached SQ Ft: Identify Results Total SQ Ft: Account#: R4857807 Owners Name &Address: EASTMAN KODAK - COLORADO DIV C/O GOLDWYN LING CORP TAX 343 STATE ST ROCHESTER, NY 14650-0904 Building# 6 Finished SQ Ft: Property Address Street: 9952 EASTMAN PARK DR WELD City: WELD Property Type Commercial Page 12 of 13 Parcel#: 080726100011 Individual Built As Detail Built As: Cold Storage Warehouse Year Built: 1971 Exterior: HVAC: Hot Chilled Water Interior Finish: Built As SQ Ft: 33195 * of Baths: 0 Roof Type: Flat * of Bdrms: 0 Roof Cover: # of Stories: 3 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Basement: Total SQ Ft: Detached SQ Ft: Finished SQ Ft: Account#: R4857807 Parcel#: 080726100011 Ownere_Name & Address: EASTMAN KODAK - COLORADO ON C/O GOLDWYN LING CORP TAX 343 STATE ST ROCHESTER, NY 14650-0904 Building# 7 Property Address: Street: 9952 EASTMAN PARK DR WELD City: WELD Property Type Commercial Individual Built As Detail Built As: Distribution Warehouse Year Built: 1971 Exterior: HVAC: Hot Chilled Water Interior Finish: Built As SQ Ft: 30592 * of Baths: 0 Roof Type: Flat # of Bdrms: 0 Roof Cover: # of Stories: 3 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Basement: Total SQ Ft: Detached SQ Ft: Finished SQ Ft: Account#: R4857807 Parcel#: 080726100011 Owners Name & Address: EASTMAN KODAK - COLORADO DIV C/O GOLDWYN LING CORP TAX 343 STATE ST ROCHESTER, NY 14650-0904 Building# 8 Property Address: Street: 9952 EASTMAN PARK DR WELD City: WELD Property. Type Commercial Page 64 http://maps2.met-rick.com/Website/Weld/setSgl.asp?cmd=QUERY&DET=PP&pin=08072610001... 5/27/2008 Identify Results Page 13 of 13 Individual Built As Detail Built As: Indust Heavy Manufacturing Year Built: 1971 Exterior: NVAC: Hot Chilled Water Interior Finish: Built As SQ Ft: 260802 * of Baths: 0 Roof Type: Flat * of Bdrms: 0 Roof Cover: it of Stories: 1 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Basement: Total SQ Ft: Detached SQ Pt: Finished SQ Ft: Account#: R4B57807 Parcel*: 080726100011 Owners Name & Address: EASTMAN KODAK - COLORADO DIV C/O GOLDWYN LING CORP TAX 343 STATE ST ROCHESTER, NY 14650-0904 Building# 9 Property Address; Street 9952 EASTMAN PARK DR WELD City: WELD Property Type Commercial Individual Built As Detail Built As: Indust Heavy Manufacturing Year Built: 1971 Exterior: HVAC: Hot Chilled Water Interior Finish: Built As SQ Ft: 12138 * of Baths: 0 Roof Type: Flat it of Bdrms: 0 Roof Cover: # of Stories: 1 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Basement: Total SQ Ft: Detached SQ Ft: Finished SQ Ft: Page 65 http://maps2.merrick.com/Website/Weld/setSgl.asp?cmd=QUERY&DET=PP&pin=08072610001... 5/27/2008 DMA, Inc. Prepared for: Kim Racers 101 Rangely Tag Saratoga W Y O 1.11 1 N Savory Grant? Clifton Junction Sir Delta 40 13 0 okmtbine o aramie cheyennea oi/ Walden 0 9 Steamboat Fort Canine ali.a/A11°°1 ,JGrar gprrtgsr'',_ 34 Lovebird Greeley Lonornortt Forts. t Morgan Eagle, Rifle Glenwood Springs Orchard City Montrose Nucla Telluride Ouray : Don Creek S:lverton 4G1 Cortez ISO 550 Durar,gc Gunnison Hot Sulphur Springs Vail Leadville Aspen Boulder a Westminster 4FIl Denverr .Breckenridge OCentennial 9 Fite Mebane, Fore* Fairplay 24 COLORADO Buena Vista? UNITED Saguache Creede Del Norte Monte Vista Pagosa Springs • tr20LL3 raicreseeCa¢-®2007. N6TEQ,and/oriel, atlas.iac. PT Salida Canon City 285 17 Westcliffe U 24 Kimball "rush p Sidney Oshkosh I--{ r. r� C rt A .l Chappell Julesburg Haxtun Sterling North° Retie Ogallala Madrid H o lyoke Champion 385 4 m_Yu Akron Wray Limon Hugo ATES 10 Walsenbu Alamosa San Luis nnMS Conejos 0 rdimay Las Animas La Junta C. Burlington Else 33 Imperial Ougt Curtis Beverly hicC o ok Mix Ludell St. Francis Cclby 00 d'art d Sharon Cheyenne Springs We l is Eads Lamar 237 Springfield Awood Setden S3 Grinnell Sett KANSA5 City Tribune Garden Syracuse U.-i`° Ulysses Johnson. Liberal ErKhart Legend 1 3 Class A Corporate Campus 702 Bandiey Drive, Fountain, CO Fort Collins Warehouse 3620 Weicker Drive, Fort Collins, CO 2 4 Colorado City Facility 4038 Dover Drive, Colorado City, CO City Center West Building (Old HP Facility) 712 71st Ave, Greeley, CO Created: 7/28/2008 LoopNet, Inc. © Copyright 1995 - 2008 This information comes from users and sources believed to be reliable, but is not guaranteed. Page 66 r Owens Brockway Kim Rogers - (480) 419-2556 ext:2530 kjrogers@dmainc.com Prepared for Joe Lanzone DMA ZAcC to%> Property Name City, State Property Type Size Cap Rate Price Price Per Status Name LoopNet ID Class A Corporate Campus Fountain. CO Industrial Manufacturing 360,000 SF $18,000,000 Active $50.00/SF 15442398 Colorado City Facility Office Colorado City, CO Office Building 250,151 SF $6,000,000 $23.99/SF • 215414 Active 14479966 Fort Collins Warehouse Fort Collins, CO Industrial 250,400 SF Distribution Warehouse $13,000,000 $51.921SF a Active 157981367 City Center West Building Industrial (Old HP Facility) Flex Space Greeley, CO 271,821 SF $15,000,000 $55.18/SF gasopl) Active 15443079 Page 1 of 1 Created: 7/28/2008 LoopNet, Inc. © Copyright 1995 - 2008 This information comes from users and sources believed to be reliable, but is not guaranteed. Powered iy LoortNet Page 67 CoStar Property® Joe Lanzone DuCharme, D'c?!'len & Assx'ates Page 1 of 2 P'c I ExI'' home page 4 lof2 r 702 Bandley Dr - Sci Fountain, CO 80817 - El Paso County Ind Submarket 360,000 SF For Sale at $18,000,000 ($50/SF) with 360,000 SF Available for Lease 360,000 SF Class B Industrial Warehouse Building Built in 1986 space overview ) property P for sale M results table print reports go to edit results save survey add properties remove property lookup property property search retail search shop ctr search analytic search my surveys I update data ► suggestions support 1 comps ndustrial information Total Avail: 360,000 SF Office Avail: 0 SF Rent/SF/mo: $0.46 Leased: 0.0% Ceiling Height: Column Spacing: Const Type: Rail Spots: For Sale Info: Last Sold Info: 32'0" Steel None company tenant images my data RBA: 360,000 SF Stories: 2 Warehouse Avail: 360,000 SF Max Contig: 360,000 SF Crane: - Loading Docks: 20 ext (bldg. total) Drive Ins: Rail Line: None For sale at l8�000,00f) ($50/S F). Last sold for $14,491,500 ($40.251Sao_rins&y,{1, 116 Power: 8000a/277 -480v 3p 4w Parking: 1000 Surface Spaces are available; Ratio of 5.53/1,000 SF space availability 1 map demographics analytic public record Year Built: 1986 Zoning: I-2, Fountain CAM: - Land Area: 4,181,760 SF Cross Docks: - Levelators: - Sprinklers: Wet spaces that meet criteria all spaces listing summary space summary iFloar Use ® Warehse space notes ID, floor Wars ^! Type Direct SF Avail 360,000 Rent/SF/mo $0.46/nnn Occupancy Vacant Listing Company NAI Highland Commercial Gr... ado selected spaces I add unselected spates J Page 68 http://property2.costar.com/Propertv/Detail/Detail.aspx?ID=4092673&Results=0 7/29/2008 Class A Corporate Campus Prepared For: Joe Lanzone DMA, Inc. 02 Bandley Drive ountain. CO 80817 County: Property Type: Building Size: Clear Ceiling Height: Dock High Doors: Price: Price/SF Status: LoopNet ID: El Paso Industrial Manufacturing 360,000 SF 32 Ft. 20 $18.000,000 $50.00 Active 15442898 http://listing.loopnet.com/15442898 CLASS A CORPORATE CAMPUS SITUATED ON 96 AC LOCATED ALONG 1-25, JUST SOUTH OF COLORADO SPRINGS IN FOUNTAIN COLORADO OFFICE - 53,253 SF; WAREHOUSE - 68,379 SF; MFG/ASSEMBLY - 240,659 SF 360.000 SF, MANUFACTURING AND WAREHOUSE FACILITY FOR SALE OR FOR LEASE ACCESS OFF INTERSTATE 25 AT EXITS 128 & 132 Property Description Class A Corporate Campus. 360,000 square foot, Class A office. manufacturing and warehouse facility. Partial 2 -story, light manufacturing/warehouse facility. 1,000 parking spaces. Twenty (20) 8x9 dock high doors with mechanical levelers. Lobby entrance includes secure access entry with full size glass doors. Contact Randy Dowis or Paul Engel for full package details. Location Description Strategically located in Fountain, Colorado, approximately 12 miles south of Colorado Springs and adjacent to Interstate 25; he main north -south highway serves numerous western states, including Texas. New Mexico, Wyoming and Montana. Situated on 96 acres located along Interstate 25. Created: 7/29/2008 LoopNet, Inc. © Copyright 1995 - 2008 This information comes from users and sources believed to be reliable, but is not guaranteed. <Y • Ptt.o,ct t.y LoopNet Page 69 Class A Corporate Campus Prepared For: Joe Lanzone Financial Summary Type: Actual DMA, Inc. Debt & Equity Information No Debt & Equity Information provided. Sprinklers: Yes TaxID/APN: 5606001003 Created: 7/29/2008 LoopNet, Inc. © Copyright 1995 - 2008 This information comes from users and sources believed to be reliable, but is not guaranteed. t 1 cred C✓ LOOpNer Page 70 CoStar Property® Joe Lanzone 0uCharme. McMillen A Assocztes Page 1 of 2 t, RO1 f.Rn ' home page I 2 of 2 9, results table print reports go to r edit results save survey add properties remove property I lookup property property search retail search shop ctr search analytic search my surveys I update data I suggestions support ii 4038 Dover Dr - (Former) Dillort/Kroger Logistics Facility EJ Colorado City, CO 81019 250,151 SF For Sale at $6,000,000 (S24/SF) with 250,151 SF Available for Lease 250,151 SF Class B Industrial Distribution Building Renovated in 1996 Built in 1968 space overview 1 property for sale comps ndustrial information Total Avail: 250,151 SF Office Avail: 0 SF Rent/SF/mo: $0.20 Leased: 0.0% Ceiling Height: Column Spacing: Const Type: Rail Spots: Property Mix: 25'0"-38'0" Steel None company tenant images my data L public record 1 demographics mac RBA: 250,151 SF Stories: 1 Warehouse Avail: 250,151 SF Max Contig: 250,151 SF Crane: None Loading Docks: 13 ext (bldg. total) Drive Ins: 2 (total) Rail Line: None Industrial 240,151 SF (96.0%) Office 10,000 SF (4.0°/c) For Sale Info: For sale at $6,.QQQ,9Q0 ($23.99/SF). &pace Power: 3000a/277 -480v 3p 4w Parking: 125 free Surface Spaces are available; Ratio of 0.50/1,000 SF availabilit analytic Year Built: 1968 Zoning: I-2, Pueblo CAM: - Land Area: 1,655,280 SF Cross Docks: No Levelators: - Sprinklers: Yes spaces that meet criteria (l all spaces listing summary I space summary I v �Noor use tit Warehse ✓� ,t2ryd [,I Warehse space notes 17 I floor plan LT Type Direct Direct } SF Avail 240,151 10,000 Rent/SF/mo Occupancy $0.20/N/nnn Vacant $0.20/N/nnn Vacant Listing Company NAI Highland Commercial Gr... NAI Highland Commercial Gr... add selected states I add unselected soptes http://property2.costar.coin/Property/Detail/Detail.aspx?ID=1392713&Results=0 Page 71 7/29/2008 Colorado City Facility Prepared For: Joe Lanzone DMA, Inc. 4038 Dover Drive Colorado City. CO 81019 County: Property Type: Building Size: Clear Ceiling Height: Dock High Doors: Grade Level Doors: Price: Price/SF Status: LoopNet ID: Pueblo Office Office Building 250.151 SF 38 Ft. 13 2 S6,000,000 S23.99 Active 14479966 http://listing.loopnet.com/14479966 • I-25 FRONTAGE & ACCESS PAVED SURFACE TRAILER STORAGE ▪ FIRE PROTECTION SPRINKLER SYSTEM ▪ EXPANSION CAPABILITY FOR ADDITIONAL 220.000 SF ▪ 25' TO 38' CEILING HEIGHT IT 10.000 SF TWO-STORY OFFICE - LOT SIZE 37.83 AC Property Description Former Dillon/Kroger Logistics Facility located in Colorado City, Colorado 81019 in Pueblo County. Warehouse Distribution Center For Sale or For Lease. Phase I constructed in 1968 (67,000 sf) & Phase II constucted in 1993 (181,000 sf). Sprinkler System. 300AMP, 277/480VOLT, 3Phase, 4 wire system. Steel Construction. 13 dock -high doors, 2 drive-in doors. Call Randy Dowis or Frank Tuck for full Building Specification/Sale Package. Location Description Located in Colorado City, Colorado 81019 in the County of Pueblo. Created: 7/29/2008 LoopNet, Inc. © Copyright 1995 - 2008 This information comes from users and sources believed to be reliable but is not guaranteed. *v fowere, ty LoopNet" Page 72 • Colorado City Facility Prepared For: Joe Lanzone Financial Summary Type: Actual DMA, Inc. Debt & Equity Information No Debt & Equity Information provided. TaxID/APN: 4630240001/4630240002 Created: 7/29/2008 LoopNet, Inc. © Copyright 1995 - 2008 This information comes from users and sources believed to be reliable, but is not guaranteed. 111> Pnwpfed t•y LoopNet. Page 73 0 CoStar Property® Joe tanrone • DuCharme, tActaiilen & Associates Page 1 of 2 PRO E I FY . home page 6of7 l• results table print reports go to edit results save survey add properties remove property lookup property property search retail search shop ctr search analytic search my surveys update data suggestions support 3620 Weicker Dr O Weider Business Park Fort Collins, CO 80524 - Fort Collins/Loveland Ind Submarket Property For Sale, Fully Leased Building 247,848 SF Class B Industrial Warehouse Building Built in 1992 space overview for sale 1 property comps $Endustrial information Total Avail: 0 SF Office Avail: 0 SF Rent/SF/mo: For Sale Only % Leased: 100.0% Ceiling Height: 26'0" Column Spacing: - Const Type: Masonry Rail Spots: 11 ext It company tenant RBA: Stories: 1 images my data 247,848 SF 1 Warehouse Avail: 0 SF Max Contig: 0 SF Crane: Loading Docks: Drive Ins: Rail Line: For Safe Info: Eotsale at $13,000,000 ($52.45/SF). None 27 ext (bldg. total) 3 (total) Unknown Parking: 40 Surface Spaces are available; Ratio of 0.16/1,000 SF 1 analytic map public record ± demographics Year Built: Zoning: CAM: Land Area: 1992 CSU, Fort Collins 753,183 SF Cross Docks: - Level ators: - Sprinklers: - J Page 74 http://property2.costar.corn/Property/Detail/Detail.aspx?ID=636910&Results=0 7/29/2008 i Fort Collins Warehouse Prepared For: Joe Lanzone Photo Not Provided DMA, Inc. 3620 Weicker Drive Fort Collins, CO 80524 County: Property Type: Building Size: Price: Price/SF Status: LoopNet ID: Larimer Industrial Distribution Warehouse 250,400 SF $13,000,000 $51.92 Active 15798867 http://listingloopnet.corn/15798867 Northern Colorado's Premier Warehouse Property • Upside opportunity increasing to market rents • 100% occupied - all NNN leases- 3 quality tenants Over 250,000 S.F. with 55,000 S.F. cold storage Doors: 27 dock high. 3 drive in, 11 rail Property Description One of the largest warehouse/distribution facilities in Northern Colorado with over 250,000 square feet. Great transportation logistics, close to Interstate 25 and potential rail service to building, side-track in place. 55,000 square foot of cold storage. 100% occupancy over several years. Current tenants recently extended leases, all NNN. In addition to the 27 dock high and 3 ground level doors the building has 11 rail car service doors. Reinforced pads for trailer dock parking. Ample parking for additional truck -trailer parking. Location Description Northern Colorado has a limited number of 200,000+ S.F. warehouse properties. There is a low vacancy rate (2-3%) for existing buildings. Prior to the area rapid growth, products supporting Northern Colorado originated from Denver, CO. With the growing population in Northern Colorado more companies are seeking local distribution capabilities. Created: 7/29/2008 LoopNet, Inc. © Copyright 1995 - 2008 This information comes from users and sources believed to be reliable, but is not guaranteed. Pr wcred ty LoopNet' Page 75 V Fort Collins Warehouse Prepared For: Joe Lanzone Financial Summary No Financial Information provided. DMA, Inc. Debt & Equity Information No Debt & Equity Information provided. Created: 7/29/2008 LoopNet, Inc. © Copyright 1995 - 2008 This information comes from users and sources believed to be reliable, but is not guaranteed. Po erne t,y LoopNef Page 76 CoStar Property® )oe Lanzone DuCharrne, McMillen s Associates Page 1 of 2 1 tO I LRI l home page 1 of 1 V results table print reports I edit results save survey add properties remove property lookup property property search retail search shop ctr search analytic search 700 N 71st Ave - City Center West -Main Bldg gi AKA 712 71st Ave/ 10 miles east of I-25/Former Hewlett Packard Campus Greeley, CO 80634 - Weld County Ind Submarket 271,822 SF For Sale at $15,000,000 ($55/SF) with 271,822 SF Available for Lease 271,822 SF Class B Flex Light Manufacturing Building Built in 1982 space overview for sate 'industrial information Total Avail: Office Avail: Rent/SF/mo: % Leased: Ceiling Height: Column Spacing: Const Type: Rail Spots: property comps 271,822 SF O SF $0.67 0.0% 12'0"-22'0" None company tenant RBA: Stories: Warehouse Avail: Max Contig: Crane: Loading Docks: Drive Ins: Rail Line: images my data 271,822 SF 2 271,822 SF 271,822 SF 7 ext (bldg. 2 (total) None total) map analytic public record I demographics J Year Built: 1982 Zoning: I-1 CAM: - Land Area: 1,199,642 SF Cross Docks: - Levelators: - Sprinklers: - For Sale Info: For sale at $15,000,.00-0 ($55.18/SF). Last Sold Info: Portfolio sale of2.ltoperties last sold for $8,000,00_0 1$23.9b/$F] op.qug0st Z5, Power: 4000a/480v 3p Parking: 1600 Surface Spaces are available; Ratio of 6.00/1,000 SF 'space availability 20.04 spaces that meet criteria all spaces listing summary space summary my surveys i a Floor update data `1 E 1st vl E 2nd suggestions support Use Flex Direct Flex Direct space notes ' floor pear E Type SF Avail 30.000-148,520 30,000-123,302 i Rent/SF/mo S0.67/nnn $0.67/nnn Cccupancy Vacant Vacant Listing Company Fuller Real Estate Fuller Real Estate acw niect40 s?aces I a44 unselectml_s2acek Page 77 http://property2.costar.com/Property/Detail/Detai l.aspx?Results=0 7/29/2008 i City Center West Building (Old HP Facility) Prepared For: Joe Lanzone DMA, Inc. 712 71st Ave Greeley. CO 80634 County: Property Type: Building Size: Price: Price/SF Status: LoopNet ID: Weld Industrial Flex Space 271,821 SF S15,000,000 $55.18 Active 15443079 http://listing_sloopnet.com/15443079 Property Description High tech office/light manufacturing facility occupied by Hewlett Packard. Facility was vacated in 2003 due to consolidation; maintained & remodeled. It features redundant electrical & coding systems. newer cafeteria & conference center and beautiful cor Location Description The HP Campus is located 10 miles east of 1-25 in Greeley and only 30 minutes from Fort Collins, Loveland and Longmont. Northern Colorado is ont of the most attractive, temperate and pristine places to live and work in the United States. It has thriving hometown communities with big city ammenties and small town atmospheres, oferring an educated workforce, and vibrant economy and enviable quality of life. The distinct personalities of the towns bodering Norhter Colorado along with their geogrpahic closeness, means families find an array of reasons to live here. (Source: NCEDC) Created: 7/29/2008 LoopNet, Inc. © Copyright 1995 - 2008 This information comes from users and sources believed to be reliable. but is not guaranteed. P?wrred try LoopNet Page 78 City Center West Building (Old HP Facility) Prepared For: Joe Lanzone Financial Summary Type: Actual DMA, Inc. Debt & Equity Information No Debt & Equity Information provided. No. Stories: 2 Sprinklers: Yes Created: 7/29/2008 LoopNet, Inc. © Copyright 1995 - 2008 This information comes from users and soJrces believed to be re!iabie, but is not guaranteed. riL)) P n rrd by LoopNet* Page 79 PROFESSIONAL EXPERIENCE (1980 - Present) DuCharme, McMillen & Associates, Inc. Industrial/Commercial Appraisers Phoenix, AZ and Philadelphia, PA 1986 - present* Senior Tax Manager & Senior Industrial/Commercial Appraiser • Specializing in the completion of industrial and commercial assessment analyses including special purpose properties (cement plants, wineries, etc.) Deloitte Tax LLP Phoenix, AZ April 2005 - February 2006* Senior Manager • Major portfolio assessment reviews in Arizona and California Stanislaus County Assessor's Office Modesto, CA 1980 - 1986 Appraiser II • Specializing in commercial, residential, and agricultural appraisals EDUCATION • University of California at Davis - B.A. History, 1974 • Bellarmine College Preparatory (San Jose, CA), 1970 SPECIALIZED EDUCATION The Appraisal Institute Standards of Professional Practice, Part A (Course 410) and B (Course 420) • Real Estate Appraisal Principles - lA-1 • Basic Valuation Procedures - 1A-2 • Capitalization Theory and Techniques Part A -16-A • Capitalization Theory and Techniques Part B -16-B • Report Writing and Valuation Analysis - 2-2 • Exam Prep Seminar for Pennsylvania General State Certified Appraisers • Classroom hours plus passing grade on written exam • Qualified to sit for Pennsylvania State Board of Certified Real Estate 7/29/2008 Page 80 Joseph M. Lanzone Page 2 SPECIALIZED EDUCATION (continued) • Appraisers General Appraiser Certification Exam • The Appraisal of Contaminated Properties Symposium • Standards of Professional Practice Updates Various Courses from IPT, MDAA, McKissock Systems, etc. California State Board of Equalization Courses • Course 1 - Appraisal for Property Tax Purposes • Course 2 - Replacement Cost Estimation Procedures • Course 3 - Unit Appraisal Procedures EXPERT TESTIMONY • Prepared testimony for county review and appeal boards regarding property tax values. • Qualified as an expert witness before the Maryland Tax Court, as well as various other state -level forums. STATE APPRAISAL CERTIFICATIONS Pennsylvania New York Oregon Colorado California Arizona Washington Utah Certified General Real Estate Appraiser Certificate #GA -323-L Exam passed - August 24, 1991 Real Estate General Appraiser Unique ID #46000024474 Certified General Real Estate Appraiser Certificate #C000766 Certified General Real Estate Appraiser Certificate #100007580 Certified General Real Estate Appraiser Certificate #AG036702 Certified General Real Estate Appraiser Certificate #31143 Property Tax Agent #2005033 Certified General Real Estate Appraiser Certificate #1101829 Certified General Real Estate Appraiser (pending) California State Board of Equalization Property Tax Appraiser - Certificate #5505 The Appraisal Institute - MAI Candidate MAJOR APPRAISAL ASSIGNMENTS Appraisal assignments include those for corporations, banks, attorneys, accountants, private individuals and companies. The types of properties appraised include residential, commercial, industrial, agricultural and special-purpose properties. A sampling of these various assignments is listed on the following page. 7/29/2008 Page 81 • Joseph M. Lanzone Page 3 PARTIAL LISTING OF MAJOR APPRAISAL ASSIGNMENTS Abbott Laboratories Allentown Cement Alumax American Honda American Olean Tile Americold Corporation Ametek Apple Computers Inc. Armstrong World Industries Ash Grove Cement Company BMC West Building Materials Ball Corporation Baltimore Aircoil Beringer / Foster's Blue Circle Cement The Boston Globe Boston Scientific Bronco Wines Brunswick-Filterite (Memtec) Cadbury -Schweppes Incorporated Callaway Golf Equipment Cardinal Glove Centocor Clorox Congoleum Corporation Continental Mills (Krusteaz) Coplay/Essroc Cement Cumberland Farms Dana Corporation Datascope Dow Jones & Company, Inc. Eaton Corporation EIS Brake Parts Emerson Electric Essroc Cement Exide Battery Corporation First Brands Corporation Fleetwood Corp., Inc. Foamex Corporation Freightliner Trucks Friendly Restaurants Fuller Coporation Gallo Wines / Gallo Glass General Bearing General Defense General Electric Corporation Georgia Gulf Glen-Gery Brick Corporation Glens Falls Portland Cement Gorham/Textron Graham Packaging Graphic Packaging Grinnell Corporation Grolier Incorporated Heinz Hanover House Henkels & McCoy Hercules Cement Hershey Chocolate Hershey Foods Corporation High Steel/High Properties (various) IKEA Inland Container Corporation Intel Interbake Foods Johnson Controls Kemper Insurance Kimberly-Clark Kiwi Products Knoll International Knouse Foods LaFarge Cement Lehigh Portland Cement Company Lehigh Structural Steel Leprino Cheese Litton (various) McCormick & Company Melitta Corporation Merck & Co., Inc. Messer Griesheim Mitre Corporation Moore Business Forms NCR Corporation National Can Corporation Office Max Phelps Dodge Company Prudential Insurance Company Radio Corporation of America Revco Drug Stores S.C. Johnson & Company Sealed Air Corporation Sealy Mattress Corporation Sheraton Inn Shop Vac Corporation Standard Register Stroh Brewery Subaru of America Sunkist Susse Chalet Textron Lycoming The Wine Group Thomson Consumer Electric U. S. Healthcare Unilever/Durkee Foods Weyerhaeuser Wallace Computers Whitehall (LaFarge) Cement Company Yuasa Batteries 7/29/2008 Page 82 Hello