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Home My WebLink About20082068.tiff RESOLUTION RE: THE BOARD OF EQUALIZATION, 2008, WELD COUNTY, COLORADO - ADJUST VALUE IN PART PETITION OF: BROCKWAY GLASS CONTAINER INC ONE O-1 PLAZA TAX DEPT ONE MICHAEL OWENS WAY PERRYSBURG, OH 43551-2999 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 TOW (R=605) CHORD=S05D32'E 110.15' SOD19'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 WHEREAS, the Board of County Commissioners of Weld County, Colorado, convened as the Board of Equalization for the purpose of adjusting, equalizing, raising or lowering the assessment and valuation of real and personal property within Weld County, fixed and made by the County Assessor for the year 2008, and WHEREAS, said petition has been heard before the County Assessor and due Notice of Determination thereon has been given to the taxpayer(s), and WHEREAS, the taxpayer(s) presented a petition of appeal of the County Assessor's valuation for the year 2008, claiming that the property described in such petition was assessed too high, as more specifically stated in said petition, and WHEREAS, said petitioner being represented by Joe Lanzone, Ducharme McMillen and Associates, Inc., 20830 North Tatum Boulevard, Suite 240, Phoenix, Arizona 85050, and WHEREAS,the Board has made its findings on the evidence,testimony and remonstrances and is now fully informed. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, acting as the Board of Equalization,that the evidence presented at the hearing supported, in part, the value placed upon the property by the petitioner. The assessment and valuation of the Weld County Assessor shall be, and hereby is, adjusted as follows: ACTUAL VALUE AS DETERMINED ADJUSTED BY ASSESSOR ACTUAL VALUE Land $ 1,584,142 $ 1,584,142 Improvements OR Personal Property 35,455,66 35,077,138 TOTAL $ 37,039,805 $ 36,661,280 2008-2068 AS0070 de; 9s eh' A47 ,fEP 8s-off RE: BOE - BROCKWAY GLASS CONTAINER INC Page 2 BE IT FURTHER RESOLVED that 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 thirty (30) days of this resolution: 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 Court's 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 fora 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. 2008-2068 AS0070 RE: BOE - BROCKWAY GLASS CONTAINER INC Page 3 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 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. The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 31st day of July, A.D., 2008. ;- BOARD OF COUNTY COMMISSIONERS ' LAE ./ ^ WELD COUNTY, COLORADO ATTEST: 44141 ' ' �', ",111-6-1,.. 1861 (� ta William H. Jerke, Chair Weld County Clerk to th! �� EXCUSED Robert D. Mas , Pro-Tem BY: Deputy Clerk . the Board William Garcia APPROVED AS TO FORM: EXCUSED atant David E. Long eunty Attorne Douglasfademache Date of signature: 8/7/DP 2008-2068 AS0070 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: 675 Date: 07/31/08 Time: 9:30 Board: CBOE PREPARED BY STAN JANTZ Signature Date CBOE_COMM_0 10998 Page 1 SALIENT FACTS AND CONCLUSIONS Purpose of Appraisal To determine Market Value as of 1/1/08 based on an appraisal date of 6/30/06. Property Rights Appraised Unencumbered fee simple interest. Location 11133 CR 64.5 Windsor Land Area 74.8 Acres Zoning Property Type Heavy Industrial Manufacturing Year Built 2005 Year Remodeled Quality Good Class Metal Frame Number of Stories 1 Improvement Sq. Ft. 527,500 Basement Unfinished Sq. Ft. Basement Finished Sq. Ft. Mezzanine: Value Indications: Land $1,584,142 Cost Approach $37,039,805 Market Approach N/A Income Approach N/A Assessor's Value $37,039,805 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. The land size of the subject is 1,469,975 square feet. Comparable commercial land in the subject area is valued at $1.07 per square foot. Comparable Land Sales Parcel Number Sale Date Sale Price Land Size Per Sq Ft Comparable 1 Front Range Energy 06/02/05 $1,000,000 1,893,989 .53 31375 Great Western Windsor 43.48 Ac Comparable 2 Brockway Glass 09/16/03 $1,130,000 3,781,008 .30 11133CR64.5 Windsor 86.80 Ac Comparable 3 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 = $16,286 Total $1,584,142 CBOE_COMM_010998 Page 3 Subject Photos L L❑2 _II __I - _ 1 _ — ly r OW .4084 . ...�..- re 4 i alikirMaSIMI r , ,:t•ID +tIL _ _ a a_ - y'r iSIMMIIIIma 4— 1 4a2. .4:1= _ 4-.g-rear-ArSIIINNWISORENIONMOW alryy{Y ens" ��I ". ".��.Illb - ■ r r• � i i iAl � '�'ir_ ��.►r 6_�..lr..�_--. ._ .. s El. f.I 1 - -- -4 r gaga 4♦_ IINIIIIIIaimjiujijuim- Subject Photos , _ IIIIIIIIIIIIP • r - e I • ■ ;- -_ � . , .. _.;in; ._Laisiarionost--11 ILI err-rr. ❑ - fig _ , u - _ s„ •. • 1' r, I I .C ri'Z 4i S.T s+' ' • 11<l , rr''.?:� 4w•-€....c„,,,. ,. i -�. � },, i. At C•V., - ' '1� :4 1 • -- , . f a , n 9.• 2 ?.. !V II, i „ - ...•4 - r •.111 "j' r. U :ti. J #k ,,, 1.. • ti`s`N,, Jam-.,. tir `1; ��', ;�� ^.� ' • . : 4 -��-...`�• ` M % er ?T ,x.,.. ri •• 4� „Y. . / CBOE_COMM_01 C Pag Brockway Glass Container Square Footage Manufacturing Areas Location Length Width Sq. Ft. Warehouse 500 400 200000 Selecting 475 200 95000 Forming 475 100 47500 Forming Base 475 100 47500 Furnace A 100 80 8000 Furn.A Base 100 80 8000 Furnace B 100 80 8000 Furn.B Base 100 80 8000 Mold Machine 150 75 11250 Furn.Cont.Rm. 100 25 2500 A Ref./FH Deck 150 25 3750 B Ref./FH Deck 150 25 3750 Hall A to Cont.Rm. 60 15 900 Hall B to Cont. Rm. 60 15 900 Systems Rm. 127 125 15875 Store Rm. 100 50 5000 Maintenance Rm. 125 90 11250 35 33 1155 35 25 875 37.5 25 937.5 Batch House 150 54.5 8175 150 54.5 8175 150 54.5 8175 150 54.5 8175 Total 512,843 Administration Areas Location Length Width Sq. Ft. Production Offices 67 38 2546 Cafeteria 50 25 1250 Man&Woman Lock. 50 50 2500 Hall Café to Lock. 25 8 200 Lobby 75 25 1875 Admin. Offices 75 64 4800 2n°Floor Mtg.Room 55 27 1485 Total 14,657 Grand Total 527,500 CBOE_COMM_01099E 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 Industrial Manufacturing 280,140 100.94 $28,277,332 1 Storage Warehouse 200,000 32.13 $6,426,000 1 Industrial Office Interior 14,660 58.52 $857,903 Total RCN $35,561,235 Less 1% Depreciation -$355,572 Depreciated Value $35,205,663 2 Rail Car Shelter 32,700 7.72 $252,500 Less I% Depreciation -$2,500 Depreciated Value $250,000 Total Improvements $35,455,663 Land Value $1,584,142 Total Cost Approach Value $37,039,805 CBOE_COMM_01099 Page I Stan Jantz From: Rogers, Kim pgrogers®dmalnc.00mJ Sent: Wednesday,Jury 18.2008 3.33 PM To: Stan Jams Cc: Michael.Tayloreue.a-Loom Subject RE:Tax Protest Importance: Nigh il.+ar Mc. Jontz: Mika Taylor, of Owens Illinois, forwardod your e-mail to ¢.y attention as we are their ajtnorized agen:. a: record. Owens Illinois is rt.l.ennpl'.i!t4 '-c aul. ‘up,,-her some COntit-uctiDh coot detail for the property in question. However, thcs could prove to be a very lengthy process, or ;11 of the costs are -.trrnnt.l.y :n har:1 cpp'y invoke': form Ot.ly. Therefore, it In highly .inli kely any information ,.ou_d be a.a.lab_e in a timely manner to adder-.:: the real property value appeal pending now. If you would like to discuss this property, and the appeal in more detail, please reel free to contact me directly. Additionally, it. wnu.d be grea-ly appreciated it, from tyia ^Oint forward, you direct all correspondence, inqu'ir'es and latices to DMA's -ion- My contact Information is urovidod in the signature box. be_cw. Sincerely, K.r 3. Zegern Senior 'fax Cons'aitant DuCharne, McMillen G Associates, :no. 2061n K. T,tom 3o'alevard Suns 24C Phnenie, AY. 1505? Phone: 480-419-2556, ext. 2.5911 Fax: 480-419-4591 Cell: 602-1f:0-6299 e-mail: kjrocers€dnainc.ccrt www.ama i':1:.C:on, ATTEt1TT014: This moevago rand n_1 attachments are PRIWAT7., end may co•dain i.nla::a&llou that is CONFIDt'TLAL and PRIVILEGED. IL you have received tnla message in error, please notify the sender by ronly r.-mail and delete the message immediately. Fo-warded Ly Michael b ."aylor/User/O-I on 0'/14/2008 04:59 FM "itan Jan=z" <elentzer.o.welc_.:n.,.ai Tr. 0?1-4/2C08 C3:28 PM tmichael.taylerfnis.o- .con> cc Subject Tax Protest CBOE_COMM_010998 Page 7 FINAL RECONCILIATION COST APPROACH MARKET APPROACH INCOME APPROACH $37,039,805 N/A N/A ASSESSOR'S VALUE $37,039,805 CBOE_COMM_01( Pa< NOTICE OF DETERMINATION NOTICE OF DENIAL OFFICE OF COUNTY ASSESSOR 1400 NORTH 17th AVE. N2NW4 25-6-67 LYING S OF RR EXC BEG GREELEY,CO 80631 NW COR SD SEC 25 5454 . 84 E30' TO PHONE(970)353-3s45,EXT.365c TPOB TH ALG CURVE CONCAVE TO W www.co.weld.co.0 (R=605) CHORD=S05D32 ' E 110 . 15' 111kCONCAVE 228 . 26 ' TH ALG CURVE CONCAVE TO NE (R=525' ) OWNER: BROCKWAY GLASS CONTAINER INC COLORADO DUCHARME MCMILLEN & ASSOC INC LOG 675 20830 NORTH TATUM BLVD SUITE 240 PARCEL 080725200049 ACCOUNT R2704603 PHOENIX, AZ 85050 YEAR 2008 Owner: BROCKWAY GLASS CONTAINER INC The appraised value of property is based on the appropriate consideration of the approaches to value required by law. The Assessor has determined that your property should be included in the following category(ies): RECEIVED Industrial property is valued by considering the cost, market, and income approaches . JUN 3 0 2008 if your concern is the amount of your property tax,local taxing authorities(county,school,city,fire protection,and other special districts)hold budget hearings in the fall. Please refer to your tax bill or ask your Assessor for a listing of these districts,and plan to atteDIV�{� 1-7A/wdP LJ V hearings. The Assessor has carefully studied all available information.giving particular attention to the specifics included on your protest,and has determined the valuation(s)assigned to your property. The reasons for this determination of value are as follows: No change has been made to the valuation. of this property. Colorado law requires us to send this notice of denial for all properties on which we do no adjust the value . PETITIONER'S ASSESSOR'S VALUATION PROPERTY CLASSIFICATION ESTIMATE OF VALUE ACTUAL VALUE ACTUAL VALU] PRIOR TO REVIEW AFTER REVIEV VACANT LAND 520000 520000 INDUSTRIAL 36503519 36503519 AG LAND 16286 16286 TOTALS $ $ 37039805 $ 37039805 APPEAL DEADLINES: REAL PROPERTY—JULY 15,PERSONAL PROPERTY—JULY 21. If you disagree with the Assessor's decision,you have the right to appeal to the County Board of Equalization for further consideration. 06/25/2008 By: Christopher M. Woodruff WELD COUNTY ASSESSOR P"Tx ADDITIONAL INFORMATION ON REVERSE SIDE 2008-2068 YOU HAVE THE RIGHT TO APPEAL THE ASSESSOR' S DECISION The County Board of Equalization will sit to hear appeals beginning July 1 and continuing through August 5 for real property (land and buildings) and personal property (furnishings, machinery, and equipment). § 39-8-104 and § 39- 8-107(2), C.R.S. AVP a i I ROCEDmfS If you choose to appeal the Assessor' s decision, mail or deliver one copy of this completed form to the County Board of Equalization. To preserve your right to appeal, your appeal must be POSTMARKED OR DELIVERED ON OR BEFORE JULY 15 FOR REAL PROPERTY, AND JULY 21 FOR PERSONAL PROPERTY. WELD COUNTY BOARD OF EQUALIZATION 915 10th Street, P.O. Box 758 Greeley, Colorado 80632 Telephone (970) 356-4000 Ext. 4225 NOTIFICATIONOF REARM: : You will be notified of the time and place set for the hearing of your appeal. COVIM OARD+OPEQUALIZATION S DETERMINATION: The County Board of Equalization must make a decision on your appeal and mail you a determination within five business days of that decision. The County Board must conclude its hearings and render decisions by August 5. RIGHTSTORTURTITER APPEALS: If you are not satisfied with the County Board of Equalization' s decision you must file within thirty days of the County Board of Equalization' s written decision with ONE of the following: Board of Assessment Appeals (BAA): 1313 Sherman Street, Room 315 Denver. Colorado 80203 Telephone (303) 866-5880 An appeal form, rules and guidelines can be obtained on-line at www.dola.colorado.gov/baa District Court: 9th Avenue and 9th Street, P.O. Box C Greeley, Colorado 80632 Telephone (970) 356-4000, Ext. 4520 Arbitration: WELD COUNTY BOARD OF EQUALIZATION 915 10th Street, P.O. Box 758 Greeley, Colorado 80632 Telephone (970) 356-4000, Ext. 4225 If you do not receive a determination from the County Board of Equalization, contact the county board. If the county board is not going to mail a decision, you must file an appeal with the Board of Assessment Appeals by September 11th. TO PRESERVE YOUR APPEAL RIGHTS, YOU MAY BE REQUIRED TO PROVE YOU HAVE FILED A TIMELY APPEAL; THEREFORE, WE RECOMMEND ALL CORRESPONDENCE BE MAILED WITH PROOF OF MAILING. PETITION TO THE COUNTY BOARD OF EQUALIZATION In the space below, please explain why you disagree with the Assessor' s valuation. IN ACCORDANCE WITH § 39-8-106(1.5), C.R.S., IF YOUR APPEAL INVOLVES REAL PROPERTY, YOU MUST STATE YOUR OPINION OF VALUE IN ERMS OF A SPECIFIC DOLLAR AMOUNT. Attach additional documents as necess please see cover letter and attached supporting documentation for our position on the Real Market value of th ' operty. July 1 , 2008 DAIL NOD 207 62 87/08 `DMA DUCHARME, MCMILLEN a ASSOCIATES, INC. CERTIFIED MAIL #7007 0710 0003 8324 0071 July 1, 2008 -^ • Board of Equalization Weld County 915 10th Street Greeley, CO 80632 Re: Owens-Brockway Glass Container, Inc. Account #R2704603 To Whom It May Concern: DMA is appealing the Assessor's decision of the 2008 real estate assessment for the Owens- Brockway (Owens-Illinois) facility located at 11333 County Road 64 in Windsor, Weld County, Colorado. This recently constructed heavy manufacturing plant totals 527,500 square feet, and is situated on a 74.806-acre parcel of land, identified as Account #R2704603. The 2008 Real Market Value levied by Weld County is $37,039,805, which equates to $70.22/square foot, including land. We have some concerns with this value. Although the property is very useful for Owens' manufacturing purposes, we consider the plant a strategic asset for the company, but lacking in broad market appeal. This is considered a "limited market property", with a very small pool of potential buyers. We examined sales of large industrial manufacturing properties across the United States, which sell for much less per square foot than the subject property's 2008 real estate assessment. We know Weld County has other taxpayers with large industrial properties, and has had to deal with this valuation issue before. Our research included examination of the assessments for such Weld County taxpayers as Eastman Kodak and the three Monfort of Colorado (Swift Foods) plants. Their unit values range from $13.60-$31 per square foot. It is true that these facilities are older than the subject, and we would expect our client's property value to be higher. However, we feel a value of $40-$50 per square foot is more appropriate than the current assessment. Therefore, we are requesting the Real Market Value be adjusted to $26,375,000. Our goal is to work with Weld County informally, to set a reasonable assessment for the Owens- Brockway plant. If the county would like to tour the facility, we would be happy to arrange a visit. We look forward to discussing this matter with you soon. If you have any questions, please feel free to contact me directly at 480-419-2556, extension 2530. Si cer ly, Kim J. Roger Senior Tax Co sultant cc: Michael Taylor, Property and Sales/Use Tax Manager - Owens-Illinois, Inc. NORTH AMERICA'S CHOICE FOR CORPORATE TAX SOLUTIONS 20830 N.Tatum Blvd.,Suite 240 • Phoenix,AZ 85050-7263 • 480419-2556• Fax: 480-419-2597 • www.dmainc.com CI owa.nuid, One Md..i Owens Way Amebas OH 43551.2999 +1 567 33(15895 WI +1 567 336 1309 fax PROPERTY TAX CERTIFICATE OF AUTHORITY Date: May 27, 2008 TO WHOM IT MAY CONCERN: This certifies that DuChanne, McMillen &Associates, Inc. and/or its designees is hereby authorized to represent the undersigned in all matters of property tax assessments before any governmental assessing officials or any other authority having jurisdiction regarding the assessment levied on the following described property for current or past years of assessment: Owens-Brockway Glass Container, Inc. 11133 County Road 64 (Acct#R2704603) Windsor, Weld County, Colorado 80550 BY: nyf) . Signature) (Typed Signature) James R. Seiwert (Corporate Title) Assistant Treasurer Owens-Brockway Glass Container, Inc. (Company) State of _Ohio County of _Lucas The foregoing instrument was duly acknowledged before me by James R. Seiwert for the uses and purposes therein expressed. Witness my hand and Notaria al,this_27_day of_May ._2008_. ' Notary Public n My commission expires: Ott a 40/n)1'7/O . ft; , +a carol i Sioux Falls to Paso sAgerd - ' 1 ._.., Twin Fall s°..: 'r•• u N` I T ( E ,.D M1 8 T A T EI ':8 6 j t l.. ,ocum , f lk Marshalltov ).p \ ND ".._. ( y , NEBRASKA I Dpp manes. ureka f $aa)‘''T'''' , ; fF ,.r, Grand talon t' 1 0 r Jteddlnp - ,•.`.:. ,. Fort Coglrie�i° { YY - Sett Lake City= Y°Or�M :,cliaarney Unooln CALIFORNIA i ' Denver! 1 .. St Jost' /' Chkb l re�' i stir's 'NEVADA UTAH { ., . i r ,_- `i Sacrairwnto / ' arson City • '/ ', ' b ....KANSAS,.—a¢ }.,;. ;:.. 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',,T E X A S ,, A .% Ausdn }_ ALIFORN A 3 Hermpoiiki CHIHUAHUA;`•1, A r�' i ` Houston ,�S db • v { ;:. 0O pu yktme Ciudad Chihuahua Allende', 1 ' 9lictdria,:,+c,-,,' .: RAJA °, •Obrepdn JlmOne� OA URA Laredo®o `i , 't 7 C H ` CALIFORNIA 4". O ". '10_ SUR tNP oloa ' H�dalpo �.........ih}atcbva®NUEVO�. Chdeq t r , o Parrel •LEON''-..".%... ,,0.0blu lrPr3 w ' ,7 LosMoc10. 8ekllb• � � • P ®Guaw (� ,kg, TorNjgsoa.,tt n1 F�5 m 1 1402 E Buckeye Rd Phoenix 324,000 SF Industrial/VVarehouse Sold:$9,500,000($29.32/SF) 2 ri4d EI CarflIho,Raal South k Saline. 820�i1od SF .• =. '' ' .,�. _._�-_ �_IndusUaVWarehoUse 1 __—_ „' __._ . 3 2275 N Highway 77 Waxahachie 589,185 SF Sold:$9,000,000($15.28/SF) Industrial/Manufacturing -'* This wpynghted report content,research licensed to ouCreme,McMilen&Assodates-100205. 5130/2008 ......_.v,.............. Page 1 lrc y� � e'l qr.. � #�; /SF Li jd- . s{ , Y { 7 ! +Z{s 'a Y 'Ake �Vt'a rp �#x'$. �ne tSptaO �'��E'' 1J> S+ °t� o r ib) o o a r, 46 p�T4 J Yi yR�s*Ve• 1 �,r i t yY Yd ak ,y,,'C c t r n (( ' t YI 'a'� r s vYe' �' ip Y1�3" ° Sea 1 l} x r s> , R to 4 , v ' L y aY[/6.4 a � L'�'+fb�r>:4h t+4� s t > > 9 3 r n� nn nn r. v =xh ti. ,,.. --,4nt + G 4 Gram as 0 1 g fi n a E Hadley SI E T0MC at raj{ I is lug , , , , 31� • E Budnaye Rd E Buck Igi i N �r 0 0 0 6 i i 55'0 Yd5 Mkro il Virtu(' Earth'" t.(JWaLJma wua vlr,+.t„s9.ma m 1> 5 sip Recorded Buyer GoDaddy.com,Inc. Recorded Seller: Sterling Buckeye Network Exchange, IJ_C 1033 Skokie Blvd Northbrook,IL 60062 (847)412-6200 True Buyer: GoDaddy.com,Inc. Seller Contact: Jeffrey Perelman 14455 N Hayden Rd Scottsdale,AZ 85260 (480)505-8899 Buyer Type: Individual Buyer Broker: CB Richard Ellis Listing Broker: CB Richard Ellis Mark Bauer Mark Bauer (602)735-5224 (602)735-5224 . . . c " • ;• Trpnsdlctlon Details ' ID:106`1702`,`: Sale Date: 10/25/2005 Sale Type: Owner/User Escrow Length: - Bldg Type: Warehouse Sale Price: $9,500,000-Confirmed Year Built/Age: Built In 1959,Renov 2001 Age:46 Asking Price: - RBA: 324,000 SF Price/SF: $29.32 Land Area: 11.86 AC(516,622 SF) Price/SF Land Gross: $18.39 Percent Leased: 12.0% Tenancy: Multi Percent Improved: 58.0% Total Value Assessed: $4,700,000 in 2005 Improved Value Assessed: $2,725,500 Land Value Assessed: $1,974,500 Land Assessed/SF: $3.00 Financing: Down payment of$2,445,000.00(25.7%) $7,055,000.00 from US Bank Legal Desc: Por SE4 sec 9 TIN R3E Parcel No: 116.53-0027,116.53-003,116.53.0095 ThIe copyrighted report contain reeeerdi licensed to ouClem,e,MCMllen&Aseedaba-100205. 5/3012008 ,...............n.... Page 1 n n w- r 141 4 r+ t p h e (Y C , t"f4 a y , n , M f t V3 4 xk s 3 Ker si , 9 iXe^ i K y a.-y § 41,41 8 rn i4..0�5` f �, nPery {� t .+^fF :S ' 4 « N :An K. t2. 51`i Document No: 1608145 Sale History: Sold for$9,500,000($29.3215F)on 1012512005 Sold for$7,000,000($21.60/SF)on 05130/2000 Sold for$4,300,000($13.27/SF)on 1112311998 y Income/Expense: Property was 12%occupied at time of sale and will now be owner occupied. Go Daddy Software do Robert R Parsons Sterling Buckeye Network Exchange,do Jeffrey Perelman .t s" § < �:an t: COFfytIntl1A181 Jjt'1ofrlflOrf ''', i ?ID211)f1 . Bldg Type: Warehouse RBA: 324,000 SF Bldg Status: Built in 1959,Renov 2001 %Leased: 100.0% Rent/SF/Yr: - Stories: 1 Bldg Vacant: 0 SF Total Avail: 0 SF Building FAR: 0.63 Warehouse Avail: 0 SF Office Avail: 0 SF CAM - Max Contig: - Zoning: A-2,Phoenix Smallest Space: - Owner Type: Individual Land Area: 516,622 SF Owner Occupied: Yes Lot Dimensions: 1269x436 Tenancy: Single Ceiling Height: 14'8"-24'0" Column Spacing: 30-50'w Loading Docks: 10 ext(bldg.total) Levelators: 10 ext Cross Docks: No Crane: None Drive Ins: 2(total) Const Type: Reinforced Concrete Sprinklers: ESFR Rail Spots: Yes Rail Line: None Property Mix: Industrial 311,040 SF (96.0%) Office 12,960 SF (4.0%) Power: 3300a/208 480v 3p Utilities: No Heating,Sewer-City,Water-City Parking: Free Surface Spaces; Ratio of 4.0011,000 SF Features: Fenced Lot,Partial Stories Exist Location Information Metro Market: Phoenix Submadcet: Airport Ind/SC N of Salt River Ind County: Maricopa CBSA: Phoenix-Mesa-Scottsdale,AZ DMA: Phoenix,AZ Map(Page): Wide World of Maps,Inc.148-165LV A This wpydghted report contahs research licensed 10 DuCteene.MCMilen&Assoaatee-100205. 5130/2008 �...�.........,_-..... Page 2 ;� Y ♦ ' 1 - a .9c '' S '- r "�T'3 3'3Y 6 M 4 ,A it� 1 n � 5`,;a'(4`�n�`a.,..4..-a,..O.-.... . a r a .., ,�p 4,. ,� n�'1�u��1 :ta.�*"tt.'i. �'„i,h��}Ew V'�`%'�&;1.� .k ,r0.4.even s '4}.'g Parcel Number: 116-53-0022,116-53-003,116-53-0098 Legal Description: Por SE4 sec 9 TIN R3E County: Maricopa ' ,.. P,]at L 1402 B10e 014 Rt1 :1 40,4 ;0,00001 ! f 0a •s" a s r t+ HADLEY ST r• _ .-.61 _ H nft lr 1it " U917 4 t1?-.h yb 7 a 05 X1' 115 N 104,11)315 # # a 1 3i11AC 4 $I t'¢s3tiv 643.00. Ri fl IWA. J 15115 4C 11,971 k; i I i71 AF P 114,53,0111f t3 143' . WSJ !I I R t 465 Ac g SMRM..IMI$ t A I. Y 1 ,A e6.53 M4 11 y i If In no ir ti h Y111y +yam 7fp ... 'ae- iNt P16-63.0a le 5,005 k * It M tit 53 OW !! 1,4311 AC. M 41.53-001 . tl II{53�INIIIh 7P 2 WIN Midi [I) N, *ter —....�.._—fowl . i�..�.,,._,....,. .140' .. 1.---- BUCKEYE RD j4 This mpyrlghted report cornet*research licensed to tor Oucme,MCMllen a Associates-100205. 5/30/2008 � Page 3 yh-"C r .7 s ivi t. 7 w til rt`, "f , ' t° n ipi h x, 1- rst' e,N x t 4 / �YY+� erg, . 4 :r ri ` ,fl'Z� � v t -aID r 2 a 'S+J e A�'N�kAQ nr yi;Y �T y"`.dx fg ;R �y�i! 16�i�iE , Y°I fiLr �y1LI�1 ,. "1 V 1L 'A • „ri Y A is ° �'++1Er0d+ .,yylt py .y "a �t is � Farb i �`9rI, , f . 5 0- di° {� S° r'l O'°'I14' 1k4l.i ; s print a Sr fir ea x $ Flr&ut '- A-1 d i y �-��l I aII l�A�$, �3fi 3 33.3 3:43V5iJ• -1i /` 500 yds rrrr Mkrosoft I Virtual Earth" D20a9;Jiuuulr CraprrSu,02441:1.11/1;Jb'le ri t 5 u Recorded Buyer: FBC LLC Recorded Seller: Pension Trust Fund Of Operating True Buyer: The STG Group True Seller: - 1260 N Dutton Ave Santa Rosa,CA 95401 (707)569-9000 Buyer Broker. CB Richard Ellis Listing Broker. CB Richard Ellis Donald Polishuk Donald Polishuk (650)577-2938 (650)577-2938 CB Richard Ellis CB Richard Ellis Alex Somerville Alex Somerville (415)772-0373 (415)772-0373 Jay Sholl Jay Sholl (415)352-9301 qty (415)352-9301 t .,< X;3 . ,Y°.;.w r u �.,,- I•tTfL71saCtibn 4eF'' ... _ .. r - na Ib,2S35.Sale Date: 02/16/2007 Sale Type: Investment Escrow Length: - Bldg Type: Warehouse Sale Price: $41,700,000-Confirmed Year Built/Age: Built In 1961 Age:46 Asking Price: - RBA: 1,820,000 SF Price/SF: $22.91 Land Area: 123 AC(5,357,880 SF) Price/SF Land Gross: $7.78 Percent Leased: - Tenancy: Multi Percent Improved: 79.3% Total Value Assessed: $23,464,463 in 2006 Improved Value Assessed: $18,615,315 Land Value Assessed: $4,849,148 Land Assessed/SF: $0.00 No.of Tenants: 1 Tenants at time of sale: Excelllgence Learning Corporation Financing: $39,275,000.00 from Prudential Insurance Co. This oopY119.110d report contain research Fanged to DuClunna,MCMilen&Associates-100205. 5/30/2008 �....,.„.,,..e_...... Page 4 tt Y e ela � . •.ft. egal Desc: Lengthy legal-refer to deed Parcel No: 139-101-013,177-132.027,177.132-028,177-132-038,177-132-039 Document No: 13500 � �_5 i�n Mw l ..' 0991144 4)ii fll Rr1iVa11 Bldg Type: Warehouse RBA: 1,820,000 SF Bldg Status: Built in 1961 %Leased: 76.3% Rent/SF/Yr: $5.13 Stories: 2 Bldg Vacant: 431,762 SF Total Avail: 431,762 SF Building FAR: 0.34 Warehouse Avail: 430,206 SF/1,556 ofe Office Avail: 1,656 SF CAM - Max Contig: 426,442 SF Zoning: S.E.RR Industrial Smallest Space: 1,556 SF Owner Type: - Land Area: 5,357,880 SF Owner Occupied: - Lol Dimensions: - Tenancy: Multi Ceiling Height: 24'0" Column Spacing: - Loading Docks: -(bldg.total) Levelators: - Cross Docks: - Crane: - Drive Ins: - Const Type: Reinforced Concrete Sprinklers: Yes Rail Spots: Yes Rail Line: Union Pacific Railroad Power Heavy Parking: 450 Surface Spaces are available Features: Property Manager on Site,Security System Location Information Park Name: Firestone Business Park Metro Market: Salinas Submarket: North Monterey County/North Monterey County County: Monterey CBSA: Salinas,CA DMA: Monterey-Salinas,CA ,� This mpyrI1Ud report confabs research licensed to DuC! wn,e,MCMllen&Associates-1002)5, 5/30/2008 \\Y/nrRr..�.... Page 5 is '7 e r d a rkc ,-'£ .,t F -,;*:? ' v "1" 'Y1t'y��i l� l try `s t r ; r t sl .' yY' t � .p�� ooRR�� r .�i�A+. �}'�'ki' 1 }o t�srtyry�vM�n '�P,,,,�y?= y ,^�r z 7,._"�i,rRvy �� r '`+�� 5��,��tl�Ii N rh1₹ ,tit "' R 4 .,, °I� r� r '�% ellii i t�na'ytse, i� �A t, 3�-�y'40. r• .�^e' t t,ai yt "r4, 4 R " 'at k.�w• a�.4eka,t4'3 �i'144gi� � ''ASs 'ia."a'YA�'t`=. Parcel Number. 139-101-013,177-132-027,177-132-028,177-132-038,177-132.039 Legal Description: - County: Monterey ..�fr t�{ ' l`,1`ei n� w,d: o `tO • M- tA'b° IM.i li"'' a e. ,1 +e 7t r . !yira.1 .,::.r,il "'y5,yy + `, ,'a r `` ` Int nit r F I ails'N, 346404( r 'N' r rr��11 :o/0 '-`" f Sau 4 Qj 4 Pv. . 47 16 t1(1tF1Rr 14 lli ISIS A PI ly moot At, /!jY% �r 9 roia 1AA" iG6tt/r+ypn ti d 3 toay . ,, ,� t rA4.ss Shil r k y 6 A 15 - 17x� i kk , MOS M. mil" � j 1 I 0 " ®i € kid t I - MP• 114 10 L to! sus 6 13?~VJ ,0 ) Aug c, tia I�! Arra. 7 t 468 , i tNM t or t i Q +°"i Na 1% an }( tow 1 MAWAi 10 ' - ,.•.nr , 10 .l 5°er 1 ��T0 y ayp ail MAA 3 IC Qyy L i w (C�iy Yy ,4; 1;l611 yk`; � �1 9t4R M. r\. / BYH�Y/Ay n tili t. lita t 12 in 44AWitRicon 11 i c suo►AY ivernCa[ANC/N This copyrighted report contahe research licensed to DuClarma,McMillen 8 Associates•1W205 5130/2008 ,._.....�.,.,..«,... Page 6 ^t4R �+�,,, ,f eXYo w-t' "y.� w T uur�r""z1'1�,.5�3, �e• `yStY: $9r r { r4b ? 5{fir9: i rte, tecr 3.014,•.f}P ' .74 -,eO >>�M £ yet i A s.. O �t'�4c )�,,i tY�✓r�Yj°�,j�t� jA:l�/E �'kS('Afi 'Y�1.1��44lj i 3 G ) p ± �r' � ' I(h44sel ki Pte+ ,yH 3 S t. r ) w 4 y �� , a yi `� �T 1tn3Ur�ri u° tT'r411`rl°1310 3(f, > R�" ^ft t > i( i{ r /9 ,m i r '1 n s� fz ? M )i �t 4r :fit i � £t ,Ui+l`, `�ev" r �}j t wok .p .. '04,/, ;„:44 S.4. +y .J. 1+{',4P Y N c' , , f { �`/' e) T 4� ^kg. f �i•r;1 stS� x,15�ai .� .e 'Pr i°'r..�Nf��. ≥ :'d . t��' ti 4 1 x w S Tyler/ O I 12 :<; 2 S 550 y r l K 1 5pokit7 77 2 i _ i Virtuaaal Eal,,,...rry,,, '" O 4DDa Jlu:pushLwaJa a0.rra LV12J Y 1L4 I' ;{ t ��"" ( .Ate: ¢� s ,?"iy" �t G..:. g ,litja.' ,F wr0�µ�„ i�i�"414; 3'�+ryT Allitt Ry 4rgk* it t_y s.t�4'rt'£o . 4>,q wY ,p�,,y. Recorded Buyer. Elkcorp Recorded Seller: Carrier Corporation 2201 Midway Rd Carrollton,TX 75006 (972)789-3420 True Buyer: Elk Corp.of America True Seller: - 14911 Quorum Dr Dallas,TX 75254 (972)851-0500 Buyer Broker: Colliers International Listing Broker: Lee&Associates Chris Teesdale Trey Fricke (214)217-1233 (972)934-4010 Sale Date: 06102/2006(274 days on market) Sale Type: OwnerlUser Escrow Length: - Bldg Type: Manufacturing Sale Price: 59,000,000-Confirmed Year Built/Age: Built in 1986 Age:20 Asking Price: - RBA: 589,185 SF Price/SF: $15.28 Land Area: 65.79 AC(2,865,682 SF) Price/SF Land Gross: $3.14 Percent Leased: - Tenancy: Single No.of Tenants: 2 Tenants at time of sale: Carrier Tyler Refrigeration;Elk Corporation � i „c. .�. )A. .. (v;,:4, i Sw.aL��len ;71 No conditions were reported. The mvvap eted report conlehs research licensed to Duclvrtne.Malden anssodetes-100205. 5/3012008 tiff ,�.....,�.,,....,...... Page 7 £; � NxYeytk. *m @' • H n t r s{' '*�� h'='M r` ' C 'Y9 Tr UP': ;gyp t , +,r 4w i J -4}- - 4 ,r l^.�e1i% ,A"t_ qN p�y�y4= .°9". yq�y�ryp �j �,�+"'i .'�l'1Ve�.y�X a� .F� Iu,5i k�m' "a"ri as i&' r'k,RYfi igre��•0WO t 1.X"As"hi $w! �^t"'� '�1"fi74WirA Y i Y • , .� a mer-WO e_ .�a.. fc ..+ tu r, ye- - d Bldg Type: Manufacturing RBA: 589,185 SF Bldg Status: Built In 1986 %Leased: 100.0% Rent/SF/Yr: For Sale Only Stories: 1 Bldg Vacant: 0 SF Total Avail: 589,185 SF Building FAR: 0.21 Warehouse Avail: 589,185 SF Office Avail: 0 SF CAM - Max Contig: 589,185 SF Zoning: HI-Heavy Industrial Smallest Space: 589,185 SF Owner Type: - Land Area: 2,865,682 SF Owner Occupied: Yes Lot Dimensions: 400x1090 Tenancy: Single Ceiling Height: 27'0"-37'6" Column Spacing: 41.45'w x 45'd Loading Docks: 53 ext(bldg.total) Levelators: 63 ext Cross Docks: No Crane: None Drive Ins: None(total) Const Type: Metal Sprinklers: ESFR Rail Spots: Yes Rail Line: Union Pacific Railroad Property Mix: Industrial 471,860 SF (80.1%) Office 117,335 SF (19.9%) Power. 1800-2400a/277-480v 3p Utilities: Lighting-Metal Halide Parking: 776 Surface Spaces are available;100 Industrial Trailer Spaces are available Location Information Metro Market: Dallas/Ft Worth Submarket: South Dallas IndISW Dallas/US 67 Ind County: Ellis CBSA: Dallas-Fort Worth-Arlington,TX CSA: Dallas-Fort Worth,TX DMA: Dallas-Ft Worth,TX �� This mpyd¢ rm aed report cantors research licensed to DuC as,Malden&Associates-100205. 5/30/2008 d,..._«......",..,,,. Page 8 3t ' CLERK TO THE BOARD PHONE (970) 356-4000 EXT 4226 FAX: (970)352-0242 (11.- WEBSITE: www.co.weld.co.us 915 10TH STREET P.O. BOX 758 GREELEY, COLORADO 80632 C. COLORADO July 21, 2008 BROCKWAY GLASS CONTAINER INC ONE O-1 PLAZA TAX DEPT ONE MICHAEL OWENS WAY PERRYSBURG OH 43551-2999 Parcel No.: 080725200049 Account No.: R2704603 Dear Petitioner(s): The Weld County Board of Equalization has set a date of July 31, 2008, at or about the hour of 9:30 AM,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, 2008, and mailed to you on or before August 12, 2008. 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 gell#W4 Donald D. Warden Clerk to the Board cc: Christopher Woodruff, Assessor DUCHARME MCMILLEN & ASSOC INC 20830 NORTH TATUM BLVD SUITE 240 PHOENIX AZ 85050 2008 Real Estate Appeal Brockway Glass Container Inc. 11333 County Road 64 Windsor, Weld County, Colorado • Parcel No.: 080725200049 • Square Footage: 527,500 sf • Land Size: 74.806 ac • Year Built: 2005 • Assessment: $37,039,805 [$70.22/sf] • Use: Manufacturing • Land AV/Market Value: $1,584,142 [$.49/sf] • Unadjusted Comparable AV: $10,900,000 [$20.59/sf] • Unadjusted CO Ind Listings: $23,881,243 [$45.27/sf] • Cost Approach: $27,535,482 [$52.50/sf] • Sales Comparison Approach: $26,375,000 [$50.00/sf] • Recommended Assessment: $26,375,000 [$50.00/sf] Notes: 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 additional 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. `DMA LLL EXHIBIT DUCRAR ME, MCMILLEN & ASSOCIATES, INC. a .,e. 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 ' I Print -' Maps Page 1 of 1 Search Maps v•rtu m Live p .Karrss_ �, *, : at-NAP 44 VI 1t k ,�• fir. } -A do County Road 64, Windsor, CO 80550 '=� � " ' ,rte „ f ¢ : •�►4., ,Nlndsrnr • . , `• ' ist 4 1,; - ; . . Corner- _ _ Y My Notes ,+ : , . .� ...... >.: v , - .• _ SIr so • 4 f Y pr XI a°y'+ ~ tI Ley Gave .�1 1 , . • NEW! Try Live Search 411 Kehrfr - . .� - i+ .`'' 46. Ito -s� , n' Dial 1 -800-CALL-411 for latest info ji. : ,. #�,;r , ' '�' J t. -t `• ,►`i.' 'Koenig C. ;" a 0 a et" ' 11 r Rath Darn EarthStar . C ffel 4 ?,tt `a" © nuns a mor Y • • t . •.41 v. fir} 4 0 4, li' 0 Er— . , -Ir . ii. •y. • f • Cut i 111"rt cle. 4, ,Nqii ailgik 6,. ' . 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"1:: .. tar_.. :., ..,L) ti4vtslUn • A•ud ?.AJ? o ,L- Park Address City Property Info Sale Info 1 4400 S Fox St Denver 292.123 SF Sold: 517.100.000 ($58.54/SF) Industrial/Manufacturing 16600 Table Mountain Pky GoldenI 261 .825 SF Industrial/Warehouse Sold: $15,175,000 ($57.96/SF) 13450 E Smith Rd Aurora 149.986 SF lndustrial/Warehouse Multi-Property Sale: $15,000,000 ($53.99/SF) 1 13550 E Smith Rd 23400 Smith Rd Aurora 127,829 SF Industrial/Warehouse Multi Property Sale: $15,000,000 ($53.99/SF) • 23400 Smith Aurora 404,000 SF Industriai/Warehouse Sold: $9,491,500 ($23.49/SF) Owens-Brockway 7/28/2008 DaThis copyrighted report contains research licensed to DuCharme, McMullen & Associates- 223840 Page 1 Page 12 A . 4 4400 S Fox St SOLD 1 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 W 481n E." 1 --- 273 in ?74 uW Elk ?, N 47th Ave TO Arm IIIII O g W45thAve y` �n in § a to s111 v' c n r�33 th Ave V,' 44th Ave UT'J 1d53 5 3 a Microsoft' to to Virtual Earth' 43( Ave W 43rd Ave .0 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: $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 �A Owens-Brockway 7/28/2008 This copynghted report contains research licensed to DuCharme. McMillen & Associates - 223840. Page 1 Page 13 4400 S 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 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: Manufacturing RBA: 292, 123 SF Bldg Status: Built in 1986 °/0 Leased: 100.0% Rent/SF/Mo: - 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. CO CSA: Denver-Aurora-Boulder. CO DMA: Denver, CO-NE-WY-NV Owens-Brockway 7/28/2008 This copyrighted report contains research licensed to DuCharme, McMillen &Associates - 223840. 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 la i nine al MS 3 t } t t ' i ) 1 if • ti ` , ♦ 91 11 ray L.. 1 - ♦ - •e - II ID . ‘Al. p4S. 11 a - : ♦IYTH 1 r s .__ ��■� 1 If 1 ' �'� L }0 ..�. 1111 - j' --+• . . 1� ... 1 +k• 1 14.1 1 y • 4 it ♦ I. y v ! t • , 1 2I u . t � 4'T —1b f _-+Y+!• 11 , W 43rd AVE - -- { � l it , I L ' '1 ! l . • • 71* Ii 1 M ' H LL I ease. 1 -7 it il 11 t 1 r A 4 1■.��jj • 1 7 1 111 A • ' „ -eiNigll livi 1 6--....,••••• -- - 1 - ----- •. - �r (_ 7i i— 1 • Jii. ... .. 4 r t l 1 ti t- ?. _. 6 .�_-. 1 --ei• II ____44.2.... s •�.�.d • + * ---. It l.1—. .. .. - ► ,1 r 4 a i { , Ar•. n r [ . J A� -�1. ,l, , n i • 1 1 ' i •r w 1✓ i A seeII 4 1 la op liwl (/31,E 11 41sd A _ rs at .1 • I fI � ` t 1 1 lrrl s ,< . y 1 ( .I H, s y '• Y 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 I 1 i l •/ •• ti4 ti -1. • ..'•.\ \\ I Sc• ' /' / a MtHls wolf aN!a 'a ♦iiiH/Oita tt,.1N'! «.. • QNItil%! Rms.,site*us Ili Ny ta tter* .w{t -.--^/ /CM ' -'----- 1 .;-_- , , 4 -. J -. --4 r•yr- "7 / 1 oi • S. ! . • L i ..,t w4440,/wp+Ka obit 14b• • V i TO pi r II r • ti • ♦-T- 1 DMA Owens-Brockway 7/28/2008 `A This copyrighted report contains research licensed to DuCharme. McMillen & Associates - 223840. .M.•,,..4...c,.... ••• Page 4 Page 16 • 16600 Table Mountain Pky SOLD 2 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 a Sen i r.c C'r m I Ai co 4 S . - _ _ _ _ 5JU M crocoft' Virtual Earth' 44 lb Buyer & Seller Contact Info Recorded Buyer: CRP-2 Holdings CC LP Recorded Seller: RBE-Golden LLC True Buyer: Colony Realty Partners True Seller: Realty Bancorp Equities 2 International PI 21800 Burbank Blvd Boston. MA 02110 Woodland Hills, CA 91367 (617) 235-6300 (818) 251-9911 Buyer Type: Pension Fund Buyer Broker: No Buyer Broker on Deal Listing Broker: Lee & Associates Brett Warner (818) 933-0302 Transaction Details ID: 1231097 Sale Date: 01/30/2007 Sale Type: Investment Escrow Length: 45 days Bldg Type: Warehouse Sale Price: $15,175,000-Confirmed Year Built/Age: Built in 1997 Age: 10 Asking Price: - RBA: 261 ,825 SF Price/SF: $57.96 Land Area: 13.70 AC (596,933 SF) Price/SF Land Gross: $25.42 Percent Leased: - Tenancy: Multi Percent Improved: 80.0% Transfer Tax: $1 ,517.50 Total Value Assessed: $3,993,240 in 2006 Improved Value Assessed: 53,194,580 Land Value Assessed: $798,660 Land Assessed/SF: $1 .00 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 Owens-Brockway 7/28/2008 This copynghted report contains research licensed to DuCharme, McMillen & Associates - 223840 • . Page 5 ��w••V• If(M.\\\\•MY{Y•t• •f Page 17 16600 Table Mountain Pky SOLD 261 ,825 SF Class B Warehouse Building Built in 1997 (con't) Sale History: Sold for $15, 175,000 (S57.96/SF) on 01/30/2007 Sold for S8,500,000 ($32.46/SF) on 07/27/1999 Sold for S3.010,000 (S11 .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 °/0 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 @ $1 .55/sf 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 Owens-Brockway 7/28/2008 This copynghted report contains research licensed to DuCharme. McMillen & Associates - 223840. Page 6 Page 18 16600 Table Mountain Pky SOLD 261 ,825 SF Class B Warehouse Building Built in 1997 (con't) 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 1J i x; 1 r , a1-oM el Oll ; • Coors Toth Cis no I, fOLDETV a4 / r s .- i"4" 4 F ti 1" eas""e / /f l k4°11 •c ! 1i L t+,t' t 4- ' \ 1 _•-•fte \ \ ki DMA Owens-Brockway 7/28/2008 This copyrighted report contains research licensed to DuCharme, McMillen & Assooates - 223840 Page 7 Page 19 Multi-Property : 1-225 Business Center SOLD 3 Coors Technology Center Multi-Property sale on 01/29/2007 of 2 Industrial properties, for $15,000.000 (553.99/SF) - Research Complete JdUIE+ N lir c co (X sn►;th Rd . _ ,' r_ 9nrnnrrcr Pkwy a t - E Smith Dr ak. ,,"' E 32nd 1 13450E Smith Rd 2 13550E Smith Rd 4) (7) i z i in m ez 7.2 m �' m e: %Af,1 Microsoft' . �'1- 1 Virtual Earth'3 �_- -L1-r _ :: � ,:r i:. •.I I. •:.urn. '._,j D ?:: v it a 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: $1 ,500 Total Value Assessed: $3,016,000 in 2007 Improved Value Assessed: $2,499,060 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 C0225519 file 17 pg 606 Owens-Brockway 7/28/2008 l DMA This copyrighted report contains research licensed to DuCharme McMillen & Associates - 223840. 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 $15,000.000.00 (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 @ $1 .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 �A Owens-Brockway 7/28/2008 This copyrighted report contains research licensed to DuChanne. McMillen &Associates . 223840 _ .,. .,.... .� .. Page 9 Page 21 Multi-Property : 1-225 Business Center SOLD Multi-Property sale on 01/29/2007 of 2 Industrial properties, for $15,000,000 ($53.99/SF) - Research Complete (con't) Current Industrial Information: 13550E Smith Rd - Bldg 1 ID: 394671 Bldg Type: Warehouse RBA: 127,829 SF Bldg Status: Built in 1997 % Leased: 100.0% Rent/SF/Mo: - Stories: 1 Bldg Vacant: 0 SF Total Avail: 0 SF Building FAR: 0.18 Warehouse Avail: 0 SF Office Avail: 0 SF CAM - Max Contig: - Zoning: M-1 . Aurora Smallest Space: - Owner Type: - Land Area: 713,077 SF Owner Occupied: No Lot Dimensions: - Tenancy: Multi Ceiling Height: 24'0" Column Spacing: - Loading Docks: 8 ext (bldg . total) Levelators: 2 ext Cross Docks: No Crane: None Drive Ins: 2 (total) Const Type: Masonry Sprinklers: - Rail Spots: None Rail Line: None Property Mix: Office 9,000 SF (7.0%) Expenses: 2003 Combined Tax/Ops @ $1 .26/sf: 2007 Est Ops @ $1 .57/sf Power: 2000a/277-480v 3p 4w Utilities: Gas - Natural. Heating - Gas, Sewer - City. Water - City Parking: 175 Surface Spaces are available: Ratio of 1 .36/1 ,000 SF Features: A/C Location Information Second Address: 13550 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 'DMA Owens-Brockway 7/28/2008 PM This copyrighted report contains research licensed to DuCharme, McMillen & Associates - 223840 Page 10 Page 22 Multi-Property : I-225 Business Center SOLD Multi-Property sale on 01/29/2007 of 2 Industrial properties. for $15,000.000 (S53.99/SF) - Research Complete (con't) 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 ‘s.tNs.,,N.L. . ......... � ' - t ... . '. .4‘116s4.4%.%1/21/2.%1/4%%%141S.H. . ...... ."I'7 r *Ph„ 0 \ i •Yi- '"---„,... /AM tj '�i et • , • • • • I i \ • \ < •T •', 1 i1w :•,. J a+~ _ /� N.•-:: , : :::......,..t.,.....i: , / :f " :.%: t': � •„`j µr r'••`w'• .:•y.e.: : : r..a. is 1 . rr1?• .•w• ,•� . •,w,yi•�•�1 Y•�A•rr + , H . . . .... . ...... ........ : Il : F' r`y 1*-‘..itssei ' t it\ .11:. • • ..„..,, _ (.._. 11 Page 23 Multi-Property : I-225 Business Center SOLD Multi-Property sale on 01/29/2007 of 2 Industrial properties. for $15,000,000 ($53.99/SF) - Research Complete (con't) Parcel Number: 1823-25-1 -03-007 Legal Description: - County: Adams Plat Map: 13550 E Smith Rd - Bldg 1 • s 0 k • • -�.,, • 0� .♦ • 1 • 'K • k r h I • • , • b • 1 t la 1 a� t t • t•• • e. Via.;r.w;, ..e f ♦i.1{••v: ••♦p� a it •*•� • • .**4 •�li Xis• p. • a t. • •I • i . ''' ' ' . - ' •ittit:, : ' . . 1\1 :6%"1/2tit :4., \ i r.\• i \:\eNsil% 4 'Tq(� 1 7 '.�:•r. . \ I 47,. 1 ww �: I �w /YPa4.;01 • • . M4 •'��Il.��' ..»•• •• • 1`.V tlq.�l• .�«•.w.••. �� I. •t.a,.i•.M R+�w►1��r.11NprM1 � .y./ 1 • NN. -%. -1%<,%Ibiu7Ofil ...4.44"b1/4.bssie411/414.<17 i SEE MAP : • I:. P Ny • 1 t ' • 1 i rel.\ ti 4 1 I Owens-Brockway 7/28/2008 `/ This copyrighted report contains research licensed to DuCharme, McMillen & Associates - 223840. Pa e 12 9 c.c.., "R..I •N S 00.• .( Page 24 23400 Smith Rd - General Motors SOLD 4 ProLogis Park 70 Aurora, CO 80019 - SW DIA/Pena Blvd Ind Submarket Sale on 03/31/2006 for $9,491 ,500 ($23.49/SF) - Research Complete 404,000 SF Warehouse Building Built in 2003 $7) m , E s;� AveI • v� _.-.� / I I �_ �ti�1� 1 O ' . N. 289Ilitrie — — - - u., - Daft* E Da * Ava - - -- - Microsoft' I Virtual Earth' Ji:rttni: f.:::.ryu_:u. to atii :;.ire. :)..0 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: S949.15 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 7/28/2008 �� This copyrighted report contains research licensed to DuCharme, McMillen & Associates - 223840 Page 13 Page 25 23400 Smith Rd - General Motors SOLD 404,000 SF Warehouse Building Built in 2003 (can't) Sale History: Sold for $9,491 ,500 (S23.49/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 Areal 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 i�MA Owens-Brockway 7/28/2008 This copyrighted report contains research licensed to DuCharrne, McMillen & Associates - 223840 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 . FIg 2 and por. SW4 Sec 31 .Parcel 4 County: Adams Plat Map: 23400 Smith Rd - General Motors / 0 Cs./ N 4. w t OL. l - . _ �- . • Smith Rd .� • ` — � • a 401 I 04 I 1 • C) L 1 „v., a \. NA 7k : t �0 re * 1 • 00 a • ' 1 If vi, , • ('� 12 Ntl , r X002 / I •‘‘._ ca1 ' N. .; • w . �. v1::)t1 Mttf'tl?' �4i4!t�N�iitis9kab vii, n� iit+,X91/4* +�1i�4! *040.144tAii�i• 1 c+IN44, +:iii}}i, H4►4v++yu•,t++uv4y+�j+ri S. r . ,��„ Owens-Brockway 7/28/2008 This copyrighted report contains research licensed to DuCharme, McMillen & Associates - 223840. Page 15 aC�.w �fMlf.•Mw[W •r/ Page 27 . , , , �y.� Lv �13�J . .;. Greeley Jurct;or Gill Lt::l� Dam t 4.,; Bus Csreeley ° ° O 3a W loth St o Cedar Cove 297 1• Kelm* Gave Soarsinh Haoael: Garr:eer! CI:y V 'a ge Lovelanda 56 Can ^K er '�.� oen c ° ° e ° �' o Kersey Ktner r, -•2S Cornerer Ha d-ftar Evars o_bt..r, a 0 m * , ° s °Cartor Carr pier, Katrer Johnstu do *Hillsboro 11s,4a a ast la Salle ♦`1� OP Weity°R,. CCIA** Milliken° C>4-t � Bents e • ° a-- �.. I� ° yy Berthoud 7(4 jjl erecttvirn Fcst St Vrain v ° Gtiuest Noland *Walker o Hartland t ak o o Wild Ca: ° ° a t. toy ��stn n L, .,... H,grdanq Mttdt! ...Platteville '); 66 [Wray L,tt r:). g Kirkland ° !i �.�o.vanna 0O1d For: Vasquez z o i R r Marre.+tt CLongrnont i. e..--iAaore '� ,+ Ha-ney Inns Alter Jt1SbUrTI R^i 6 [?artt r on' Vol tar r• Aristoctat ° Firestone Rarthettes Ntvro' 1C.3 - ° * Keerieshuro o *Frederick —' ° . �,�; �o �F _moo=. ° o ri ort Lupton Krauss Sc::•` Purt ;inv Deicprp 52 ;1udscx, Sheenar iotvison Ltyuett c Tabor "EnE� , 0•D$t Vrd,rs 85 + a�l� `� . aouidel St ',weans aDick il-a. 4 unc:kXi { t hnern e Corr -n�•g --•, Lorirbuie �1dsr ? 1—arm;e 'r Brighton 0 157 L utsvill6 a =i a 7 ` `t470 ° T �� T‘:.1;: C;rtt+±i Spn `. 1.;'- t.:rte Spn °�� Barr , a'.e J rr,il�; Mkcrocoh;• -'�Bar J .' Virtual Earthmer.00mfleld /am ,..4 He 1 n - Lair -- =c.__tuis!.:r�sr ...ttail. :,._L Address City Property Info Sale Info 1 16200 County Road 394 La Salle 40 AC Land Sold: S7O0,000 (S0.40/SF) 2 WCR 8 Fort Lupton 37.77 AC Land Sold: S715,000 ($0.43/SF) 3 15487 County Road 46 La Salle 78.44 AC Land Sold: S1 .000.000 ($0.29/SF) Asp- ce 5 ,40% /it pMA ( 4 v.r v Aug • �mJ Owens-Brockway 7/28/2008 This mpynghted report Contains research licensed to DuChame. McMillen & Associates -223840- Page 1 Page 28 16200 County Road 394 - Envirotech Services SOLD 1 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) 4' _-• __._- , ; 44 yr. -- _ - - N ♦• rta» -•Nditi , O 1 • J x3.251 Microsoft• 1 Virtual Earth" - _Lteil r,tytat1 flrw v. :i ULL .i..irz.a. :0 ._. — - __1 - - — - 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: S0.40 ($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 lmprov: Raw land Off-Site lmprov: 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 7/28/2008 `D�A This copyrighted report contains research licensed to DuCharme, McMillen & Associates - 223840. 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: Industrial II Proposed Use: Industrial Density Allowed: - Land Area: 1 .742.400 SF (40 AC) Number of Lots: - On-Site Improv: Raw land Max # of Units: - Lot Dimensions: - Units per Acre: - Owner Type: - Improvements: - Topography: Level Off-Site Improv: Curb/Gutter/Sidewalk, Electricity, Gas, Sewer, Streets, Water Location Information Metro Market: Denver Submarket: Weld County/Weld County County: Weld CBSA: Greeley, CO DMA: Denver, CO-NE-WY-NV Owens-Brockway 7/28/2008 �p`�JYJ�q This copyrighted report contains research licensed to DuCharme, McMillen & Associates - 223840 �.. .,,.... �..... 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 ,r I 05N6t1rV t I -- _CR 90 — - _ _ 0,..._ I Iel yyyy Il t I r • 1 r'1' •, e I { iv. L 1 . jI _ 4 , r Ir f Iii: A ."is- +r ...jI re I '� • 14- EV NS " f _ I - , v- r 45 ----adaer6";AlleHear—Imml 4.1.‘"---- . - . .---- eacisie 1- • _ �''�_' ``rr . .. yam. f N �. ~ . . J . t. I k / ._ _ k . ,, i ,NA,,,,..„ 34 N tiU �} - - -.CVs 5 t �- o 1 __ a at JII .i_ ._• it _ . , .............— ....enit- --r Jr,,s ivart Is l ,, dly T I0 11 I— r We County, Colorado 'ii, n ,4 :-',1 l ll nit Owens-Brockway 7/28/2008 eiThis copyrighted report contains research licensed to DuCharme, McMillen & Associates - 223840. Page 3 Page 31 WCR 8 SOLD 2 Fort Lupton. CO 80621 - Weld County Submarket Sale on 01 /16/2008 for $715,000 ($0.43/SF) - Research Complete Industrial Land of 37.77 AC (1 ,645.340 SF) f \\\I\ 4101 bt CR4 500 id; tvtr<rosoft' Virtual Earth' :d ,3 J;=r:t.-.nl1 �4t yLt_+1:, �.�1c� •.. J 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 (S18,929.47/AC) Transfer Tax: $0 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 7/28/2008 `a This copyrighted report contains research licensed to DuCharme, McMillen & Associates - 223840. Page 4 Page 32 WCR 8 SOLD Industrial Land of 37.77 AC (1 ,645140 SF) (can't) Transaction Notes * 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. Current Land Information ID: 6559412 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 A Owens-Brockway 7/28/2008 This copyrighted report contains research licensed to DuCharme McMillen 8 Associates - 223840 Page 5 Page 33 15487 County Road 46 - Vacant Land SOLD 3 La Salle, CO 80645 - Weld County Submarket Sale on 01 /18/2008 for $1 .000,000 ($0.29/SF) - Research Complete Industrial Land of 78.44 AC (3,416,846 SF) 0 S00 Id; Microsoft' Virtual Earth" idamau tfr3'-JsCLaw-iJ.'. ' 4:4/1 Sit li Buyer & Seller Contact 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 Transaction Details ID: 1487334 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 Transaction Notes '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 7/28/2008 kein This copyrighted report contains research licensed to DuCharme, McMillen & Associates - 223840. Pa e 6 9 Page 34 + m aS M • r y � v .p,�y+g Yv � g .dt,Y .'. fx�x `{.�." A�gt>� �• .`"Yd� _.:�, s i'<r�. ," `: °< Current Linea tnnation ,Y" 1.�� Zoning: Ag Proposed Use: Warehouse Density Allowed: - Land Area: 3,416,846 SF(78.44 AC) Number of Lots: - On-Site Improv: - Max#of Units: - Lot Dimensions: - Units per Acre: - Owner Type: - Improvements: - Legal Desc: Por E2SW4 10 4 66 lot B Location Information Metro Market: Denver Submarket: Weld County/Weld County County: Weld CBSA: Greeley,CO DMA: Denver,CO-NE-WY-NV pMA ow`"e_erock ay 7/28/2008 V This copynghted report contains research licensed to DuCharme,McMillen 8 Assaaates-223840. �...._....,....a..,.� Page 7 Page 35 7/29/2008 Summary Report Page: 1 Estimate Number 162 Estimate ID R2704603 Property Owner Owens-Brockway Glass Container Property Address 11333 County Road 64 Property City Windsor,Weld County State/Province Colorado ZIP/Postal Code 80550 Section 1 Occupancy Class Height Rank 100% Industrials,Light Mftg. Masonry bearing walls 30.00 2.0 Total Area : 527,500 Number of Stories(Section) : 1.00 Shape : 2.00 Components Units/% Other HVAC(Heating): Space Heater 542,156 Package Unit 14,656 Sprinklers: Wet Sprinklers 100% Land and Site: Land 1,584,142 Site Improvements(undepreciated) 1,000,000 Cost as of 01/2008 Units/% Cost Total Basic Structure Base Cost 527,500 35.60 18,779,000 Exterior Walls 527,500 12.26 6,467,150 Heating&Cooling 556,812 3.72 2,071,664 Sprinklers 527,500 1.36 717,400 Basic Structure Cost 527,500 53.15 28,035,214 Less Depreciation Physical 6.0% 1,682,113 Functional 5.0% 1,401,761 Depreciated Cost 527,500 47.30 24,951,340 Miscellaneous Land 1,584,142 Site Improvements 1,000,000 Total Cost 527,500 52.20 27,535,482 Page 36 Cost Data by Marshall&Swift 7/29/2008 Summary Report Page: 2 Estimate Number 162 ZIP/Postal Code 80550 jI/162 74.806 acres @ Assessor's Value of S.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:82704603 Section 1 Occupancy Class Height Rank 100% Industrials,Light Mftg. Masonry bearing walls 30.00 2.0 Total Area : 527,500 Number of Stories(Section) : 1.00 Shape : 2.0 Components Units/% Other HVAC(Heating): Space Heater 542,156 Package Unit 14,656 Sprinklers: Wet Sprinklers 100% Land and Site: Land 1,584,142 Site Improvements(undepreciated) 1,000,000 Cost as of 01/2008 Total Cost Less Total Cost Units Unit Cost New Depreciation Depreciated Basic Structure Base Cost 527,500 35.60 18,779,000 1,126,740 17,652,260 Exterior Walls 527,500 12.26 6,467,150 388,029 6,079,121 Heating&Cooling Space Heater 542,156 3.46 1,875,860 112,552 1,763,308 Package Unit 14,656 13.36 195,804 11,748 184,056 Sprinklers Wet Sprinklers 527,500 1.36 717,400 43,044 674,356 Basic Structure Cost 527,500 53.15 28,035,214 1,682,113 26,353,101 Less Depreciation Physical 6.0% 1,682,113 26,353,101 Functional 5.0% 1,401,761 24,951,340 Depreciated Cost 527,500 47.30 24,951,340 Miscellaneous Land Land 1,584,142 Site Improvements Site Improvements(undepreciated) 1,000,000 Total Cost 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 jU162 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 : 162 Property Owner : Owens-Brockway Glass Container Property Address : 11333 County Road 64 Property City : Windsor,Weld County State/Province : Colorado ZIP/Postal Code : 80550 Estimate ID : R2704603 Surveyed By : Kim Rogers Survey Date : 04/02/2008 Report Date(mm/yyyy) : 01/2008 Apply depreciation%to Replacement Cost New : Yes Section 1 Occupancy % Class Height Rank 494 Industrials,Light Mftg. 100 C 30 2 Total Area : 527500 Number of Stories(Section) : 1 Shape : 2 Effective Age(years) : 3 Typical Life(years) : Marshall&Swift Tables Depreciation Type : Separate Physical&Functional Depreciation%(Physical) : 6 Depreciation%(Functional) : 5 Components Units/% Rank Depr% Other 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 Remarks j1/162 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 Page 41 Owens Brockway Glass Container Identify Results Page 1 of 3 WELD COUNTY ASSESSOR PROPERTY PROFILE Account*: R0029690 Parcel#:080332301005 Tax Area: 0609 Bordering County: Acres: 17.36 Township Range Section_Quart. Sec. Subdlvlson Name Block# Lot# 06 - 65 - 32 - 3 UNION COLONY LANDS - - 1 Owners Name& ddresa• Property Address: MONFORT OF COLORADO INC Street: 920 N 7 AV GREELEY C/O SWIFT FOODS COMPANY City: GREELEY 1770 PROMONTORY CIR GREELEY, CO 80634 Business/Complex: NUGGET INTERNATIONAL-LAMBSKIN PLANT Sales Summary Sale Date Sale Price Deed Type Reception 4 $0 Legal Description 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.Valua.tlon Summary Land Type Abst Code Unit of Number of Actual Value Assessed Measure Units Value Industrial 3115 Acres 17.36 Land Subtotal: 17.36 $378,101 $109,650 Buildings Valuation Summary Bldg# Property Type Actual Value Assessed Value 1 Commercial 2 Commercial 4 Commercial 5 Commercial 6 Commercial Improvements Subtotal: $2,626,799 $761,770 i ! s,', Total Property Value / 11 1, (1. $3,004,900 5871,420 Building Details Account#: R0029690 Parcel#: 080332301005 Owners Name&Address: Property Address: MONFORT OF COLORADO INC Street:920 N 7 AV GREELEY C/O SWIFT FOODS COMPANY City:GREELEY 1770 PROMONTORY CIR GREELEY, CO 80634 Building# Property Type 1 Commercial Individual Built As Detail Page 42 http://maps2.merrick.coln/Website/Weld/setSgl.asp?cmd=QUERY&DET=PP&pin=0803 323 0100... 5/27/2008 Identify Results Page 2 of 3 Built As: Cold Storage Warehouse Year Built: 1988 Exterior: HVAC: Complete HVAC Interior Finish: Built As SQ Ft: 76677 #of Baths: 0 Roof Type: it of Bdrms: 0 Roof Cover: it of Stories: 1 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement: Total SQ Ft: Finished SQ Ft: Account#: R0029690 Parcel*:080332301005 Owners Name&Address: Property Address: MONFORT OF COLORADO INC Street:920 N 7 AV GREELEY C/O SWIFT FOODS COMPANY City:GREELEY 1770 PROMONTORY CIR GREELEY, CO 80634 Building# Property_TYpe 2 Commercial Individual Built As Detail Built As: Shed -Cattle Year Built: 1988 Exterior: HVAC: None Interior Finish: Built As SQ Ft: 19305 it of Baths: 0 Roof Type: Gable it of Bdrms: 0 Roof Cover: #of Stories: 1 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement:. Total SQ Ft: Finished SQ Ft: Account#: R0029690 Parcel#: 080332301005 Owners Name&Address: Property Address: MONFORT OF COLORADO INC Street:920 N 7 AV GREELEY C/O SWIFT FOODS COMPANY City:GREELEY 1770 PROMONTORY CIR GREELEY,CO 80634 Building# Property Type 4 Commercial Individual Built As Detail Built As: Office Building Year Built: 1964 Exterior: HVAC: Forced Air Interior Finish: Built As SQ Ft: 1376 *of Baths: 0 Roof Type: #of Bdrms: 0 Roof Cover: it of Stories: 1 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement: Total SQ Ft: Finished SQ Ft: Page 43 http://maps2.merrick.com/Website/Weld/setSgl.asp?cmd=QUERY&DET=PP&pin=08033230100... 5/27/2008 Identify Results Page 3 of 3 Account#: R0029690 Parcel#: 080332301005 Ownertaiame&Address: Property Address: MONFORT OF COLORADO INC Street: 920 N 7 AV GREELEY C/O SWIFT FOODS COMPANY City: GREELEY 1770 PROMONTORY CIR GREELEY,CO 80634 Building# Property_Type 5 Commercial Individual Built As Detail Built As: Light Commercial Utility Year Built: 1961 Exterior: HVAC: None Interior Finish: Built As SQ Ft: 2520 #of Baths: 0 Roof Type: Gable *of Bdrms: 0 Roof Cover: #of Stories: 1 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement:. Total SQ Ft: Finished SQ Ft: Account#: R0029690 Parcel#:080332301005 Owners Nerne I Address: Property_Address: MONFORT OF COLORADO INC Street:920 N 7 AV GREELEY C/O SWIFT FOODS COMPANY City:GREELEY 1770 PROMONTORY CIR GREELEY,CO 80634 Building# Property Type 6 Commercial Individual Built As Detail Built As: Office Building Year Built: 1988 Exterior: HVAC: Package Unit Interior Finish: Built As SQ Ft: 320 #of Baths: 0 Roof Type: Flat *of Bdrms: 0 Roof Cover: *of Stories: 1 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement: Total SQ Ft: Finished SQ Ft: Page 44 http://maps2.merrick.com/Website/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 Bordering County: Acres:5.76 Township Range.SecUon Quart.Sec. SubdivisonName Blocks•Loth 06-65-32-3 UNION COLONY LANDS - -4 Owners_Name a Address: Property Address: MONFORT OF COLORADO INC Street: 616 N 6 AV GREELEY C/O SWIFT FOODS COMPANY City:GREELEY 1770 PROMONTORY CIR GREELEY,CO 80634 Business/Complex: HIDE PLANT Sales Summary Sale Date Sale Price Deed Type Reception# $0 Legal Description 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 Valuation Summary Land Type Abet Code Unit of Number of Actual Value Assessed Measure Units Value Industrial 3115 Acres 5.76 Land Subtotal: 5.76 $125,453 $36,380 Buildings Valuation Summary Assessed Bldg# Property Type Actual Value Value 1 Commercial 2 Commercial 3 Commercial 4 Commercial Improvements Subtotal: ! $1,917,423 $556,050 • r. '^ -- L i . ').) I c Total Property Value i - $2,042,876 $592,430 J , Building Details Account#:R1295286 Parcel#: 080332301003 Owners Name&Addresst Property Address: MONFORT OF COLORADO INC Street: 616 N 6 AV GREELEY C/O SWIFT FOODS COMPANY City:GREELEY 1770 PROMONTORY CIR GREELEY,CO 80634 Building# Property Type 1 Commercial Individual Built As Detail Page 45 http://maps2.merrick.com/Website/Weld/setSgl.asp?cmd=QUERY&DET=PP&pin=0803 3230100... 5/27/2008 • Identify Results Page 2 of 3 Built As: Indust Lght Manufacturing Year Built: 1998 Exterior: NVAC: Space Heater Interior Finish: Built As SQ Ft: 51249 #of Baths: 0 Roof Type: #of Bdrms: 0 Roof Cover: #of Stories: 1 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement Total SQ Ft: Finished SQ Ft: Account#:R1295286 Parcel*: 080332301003 Owners Name S Address: Property Address: MONFORT OF COLORADO INC Street:616 N 6 AV GREELEY C/O SWIFT FOODS COMPANY City:GREELEY 1770 PROMONTORY CIR GREELEY,CO 80634 Building# Property Type 2 Commercial Individual Built As Detail Built As: Indust Lght Manufacturing Year Built: 1971 Exterior: HI/AC: Space Heater Interior Finish: Built As SQ Ft: 31520 #of Baths: 0 Roof Type: #of Bdrms: 0 Roof Cover: #of Stories: 1 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement: Total SQ Ft: Finished SQ Ft: Account#: R1295286 Parcel*: 080332301003 Ownerf lame&Address: Property Address: MONFORT OF COLORADO INC Street: 616 N 6 AV GREELEY C/O SWIFT FOODS COMPANY City:GREELEY 1770 PROMONTORY CIR GREELEY,CO 80634 Building# Property Type 3 Commercial Individual Built As Detail Built As: Office Building Year Built: 1976 Exterior: MVAC: Forced Alr Interior Finish: Built As SQ Ft: 1343 #of Baths: 0 Roof Type: #of Bdrms: 0 Roof Cover: #of Stories: 1 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement: Total SQ Ft: Finished SQ Ft: 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 Parcel*:080332301003 Owners Name&Address: Property Address: _.. _F_.. _. MONF00 T OF COLORADO INC Street:616 N 6 AV GREELEY 0/0 SWIFT FOODS COMPANY City: GREELEY 1770 PROMONTORY CIR GREELEY, CO 80634 Building# Property TYPO 4 Commercial Individual Built As Detail Built As: Office Building Year Built: 1988 Exterior: HVAC: Package Unit Interior Finish: Built As SQ Ft: 770 #of Baths: 0 Roof Type: *of Bdrms: 0 Roof Cover: #of Stories: 1 Rooms: 0 Units: 0 • Attached SQ Ft: Detached SQ Ft: Basement: Total SQ Ft: Finished SQ Ft: Page 47 http://maps2.merrick.com/Website/Weld/setSgl.asp?cmdQUERY&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 Bordering County: Acres: 16.35 Township Renge_Section Quart.Sec. Subdivison Name Block# Lot# 06 - 65-32 -3 -- -.. .. .� aa�em�a..m:�ac.�s,.a.,.... n..,.n.��,a�.n..w.wv.n+�...,.... ..__._ ,.e�istts:•.:,;..�ra,=:esa�mT:�:. Owners NarriAlk 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 Business/Complex: SWIFT BEEF PACKING Sales Summary Sale Date Sale Price Deed Type Reception # $0 Legal,Description GR CP-1 PT CAPITOL PACK LYING N OF POUDRE RIVER&VAC ROADWAY&ST EXC HWY SITUS: 800 N 8 AV GREELEY 80631 SITUS: 100 N 8 AV GREELEY 80631 Land_Valuatioa_Summary Land Type Abst Code Unit of Number of Actual Value Assessed Measure Units Value Industrial 3115 Square Feet 712030 Land Subtotal: 712030 $712,030 $206,490 Buildings Valuation Summary Assessed Btdg# Property Type Actual Value Value 1 Commercial 10 Commercial 2 Commercial 3 Commercial 4 Commercial 5 Commercial 6 Commercial 7 Commercial 8 Commercial 9 Commercial Improvements Subtotal: $8,787,970 $2,548,520 Total Property Value l ;�, $9,500,000 $2,755,010 Building Details 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 Page 48 http://maps2.memck.com/Website/Weld/setSgl.asp?cmd=QUERY&DET=PP&pin=08033230300... 5/27/2008 Identify Results Page 2 of 5 Building* Property Type 1 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 #of Bdrms: 0 Roof Cover: #of Stories: 1 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement: Total 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* Property Type 10 Commercial Individual Built As Detail Built As: Office Building Year Built: 1966 Exterior: HVAC: Package Unit Interior Finish: Built As SQ Ft: 3200 #of Baths: 0 Roof Type: #of Bdrms: 0 Root Cover: #of Stories: 1 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement: Total 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# Property Type 2 Commercial Individual Built As Detail Built As: Indust Lght Manufacturing Year Built: 1966 Exterior: HVAC: Space Heater Interior Finish: Built As SQ Ft: 8928 #of Baths: 0 Roof Type: if of Bdrms: 0 Roof Cover: #of Stories: 1 Rooms: 0 Units: 0 Garage:, Attached SQ Ft: Detached SQ Ft: Page 49 http://maps2.merrick.com/Website/Weld/setSgl.asp?cmd=QUERY&DET=PP&pin=08033230300... 5/27/2008 Identify Results Page 3 of 5 Basement: Total SQ Ft: Finished SQ Ft: Account*:R1295686 Parcel*: 080332303001 Owners Nome&Address: Property Address: MONF0RT OF COLORADO INC Street: 800 N 8 AV GREELEY C/O SWIFT FOODS COMPANY City:GREELEY 1770 PROMONTORY CIR GREELEY,CO 80634 Building* Property Type 3 Commercial Individual Built As Detail Built As: Indust Lght Manufacturing Year Built: 1966 Exterior. HVAC: Space Heater Interior Finish: Built As SQ Ft: 1824 It of Baths: 0 Roof Type: It of Bdrms: 0 Roof Cover: *of Stories: 1 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement: Total 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* property Type 4 Commercial Individual Built As Detail Built As: Comm Shed - Equipment Year Built: 1966 Exterior: HVAC: Space Heater Interior Finish: Built As SQ Ft: 484 *of Baths: 0 Roof Type: *of Bdrms: 0 Roof Cover: *of Stories: 1 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement: Total SQ Ft: Finished SQ Ft: Accounts: R1295686 Parcel*: 080332303001 Owners N;me&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* Property.Type 5 Commercial Page 50 http://maps2.merrick.com/Website/We1d/setSgl.asp?cmd=QUERY&DET=PP&pin=08033230300... 5/27/2008 • Identify Results Page 4 of 5 Individual Built A.Detail Built As: Comm Shed -Equipment Year Built: 1966 Exterior: HVAC: Space Heater Interior Finish: Built As SQ Ft: 5000 if of Baths: 0 Roof Type: #of Bdrms: 0 Roof Coven #of Stories: 1 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement: Total SQ Ft: Finished SQ Ft: Account#: R1295686 Parcel#: 080332303001 Owners Name•Address: rty 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* Property TYPO 6 Commercial Individual Built As Detail Built As: Comm Shed -Equipment Year Built: 1966 Exterior: HVAC: Space Heater Interior Finish: Built As SQ Ft: 480 #of Baths: 0 Roof Type: #of Bdrms: 0 Roof Cover: #of Stories: 1 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement: Total SQ Ft: Finished SQ Ft: Account#: R1295686 Parcel*: 080332303001 OwnertPOme B Address: Prgoertv 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# Prope_rty_Type 7 Commercial Individual Built As Detail Built As: Indust Lght Manufacturing Year Built: 1991 Exterior: HVAC: None Interior Finish: Built As SQ Ft: 1918 #of Baths: 0 Roof Type: #of Bdrms: 0 Roof Cover: #of Stories: 1 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement: Total SQ Ft: Finished SQ Ft: Page 51 http://maps2.merrick.com/Website/Weld/setSgl.asp?cmd=QUERY&DET=PP&pin=08033230300... 5/27/2008 Identify Results Page 5 of 5 Account#: R1295686 Parcel#: 080332303001 Owners Name k 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# Property Type 8 Commercial Individual Built AS Detail Built As: Indust Lght Manufacturing Year Built: 1990 Exterior: HYAC: Space Heater Interior Finish: Built As SQ Ft: 1104 #of Baths: 0 Roof Type: #of Bdrms: 0 Roof Cover: #of Stories: 1 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement: Total SQ Ft: Finished SQ Ft: Account#: R1295686 Parcel#: 080332303001 Owners Name kAddresse Property Address: MONFORT OF COLORADO INC Street:800 N 8 AV GREELEY CIO SWIFT FOODS COMPANY City:GREELEY 1770 PROMONTORY CIR GREELEY,CO 80634 Building# Property Type g Commercial Individual Built As Detail Built As: Indust Lght Manufacturing Year Built: 1990 Exterior: HVAC: Space Heater Interior Finish: Built As SQ Ft: 12710 #of Baths: 0 Roof Type: #of Bdrms: 0 Roof Cover: *of Stories: 1 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement: Total SQ Ft: Finished SQ Ft: Page 52 http://maps2.merriek.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 • �e.v91.. .rrma.n.A.m<e,...,.....�.�n��.c.�.,-.__...,..�..,_.__.�.�..z__r.. Tax Area:0429 Bordering County: Acres: 609.5924 Township_Range Section Quart.Sec. Su(glivison Name Block# Lot* 06 -67-26- 1 Owners Name&Address: Property Address: EASTMAN KODAK- COLORADO DIV Street: 9952 EASTMAN PARK DR WELD C/O GOLDWYN LING CORP TAX City: WELD 343 STATE ST ROCHESTER, NY 14650-0904 Business/Complex: EASTMAN KODAK COMPANY Sales Summary Sale Date Sale Price Deed Type Reception R so Legal Description W2 26-6-67 EXC BEG AT C4 COR SEC 26 S00D25'E 1320.21'TO C 5 1/16 COR TH S89D40'W 138.47'TO E BACK OF CURB LN ON LITHOPLATE DR TH ALG SD CURB N24D53'E 52.19'TH ALG CURVE TO L(R=130.05)CHORD=N12D20'E 57.14'TH N0D12'W 82.36'TH ALG CURVE TO L Land Valuation Summary Land Type Abet Code Unit of Number of Assessed Actual Value Measure Units Value Agricultural 4117 Acres 72.7 Agricultural 4117 Acres 55.8 Agricultural 4137 Acres 22.2 Agricultural 4167 Acres 33.5 Industrial 3115 Square Feet 18530092 Land Subtotal: 18530276.2 $15,809,894 $4,584,860 Buildings Valuation Summary Actual Value Assessed Bldg* Property Type Value 1 Commercial 10 Commercial I 11 Commercial �; „ I (� r:t+�•' 12 Commercial • 13 Commercial • I 14 Commercial 15 Commercial 16 Commercial 17 Commercial 18 Commercial 19 Commercial 2 Commercial 70 Commercial 21 Commercial 22 Commercial 23 Commercial 24 Commercial 25 Commercial 26 Commercial 27 Commercial 28 Commercial 29 Commercial 3 Commercial 4 Commercial Page 53 http://maps2.merrick.com/Website/Weld/setSgl.asp?cmd=QUERY&DET=PP&pin=08072610001... 5/27/2008 Identify Results Page 2 of 13 5 Commercial 6 Commercial 7 Commercial 8 Commercial 9 Commercial Improvements Subtotal: $13,783,198 $3,997,120 Total Property Value ;29,593,092 $8,581,980 Building.Details Account#: R4857807 Parcel#:080726100011 Owners Name k Address: Property.Address: EASTMAN KODAK-COLORADO DIV Street:9952 EASTMAN PARK DR WELD C/O GOLDWYN LING CORP TAX City:WELD 343 STATE ST ROCHESTER, NY 14650-0904 Building# Property Type 1 Commercial Individual Built As Detail Built As: Fire Station -Volunteer Year Built: 1971 Exterior: HVAC: Hot Chilled Water Interior Finish: Built As SQ Ft: 20482 *of Baths: 0 Roof Type: Flat #of Bdrms: 0 Roof Cover: #of Stories: 1 Rooms: 0 Units: 0 Garage: Attached SQ Ft Detached SQ Ft: Basement: Total SQ Ft: Finished SQ Ft: Account#: R4857807 Parcel*: 080726100011 Owners Name&Address: Property_Address: EASTMAN KODAK-COLORADO DD/ Street:9952 EASTMAN PARK DR WELD GO GOLDWYN LING CORP TAX City:WELD 343 STATE ST ROCHESTER, NY 14650-0904 Building# Property Type 10 Commercial Individual Built As Detail Built As: Storage Warehouse Year Built: 1971 Exterior: HVAC: Hot Chilled Water Interior Finish: Built As SQ Ft: 4833 *of Baths: 0 Roof Type: Flat #of Bdrms: 0 Roof Cover: #of Stories: 1 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement Total SQ Ft: Finished SQ Ft: 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 lk Address: Property Address: EASTMAN KODAK-COLORADO DIV Street:9952 EASTMAN PARK DR WELD C/O GOLDWYN LING CORP TAX City:WELD 343 STATE ST ROCHESTER, NY 14650-0904 Building# Property Type 11 Commercial Individual Built As Detail Built As: Indust Heavy Manufacturing Year Built: 1971 Exterior: NVAC: Hot Chilled Water Interior Finish: Built As SQ Ft: 4331 #of Baths: 0 Roof Type: Flat #of Bdrms: 0 Roof Cover. #of Stories: 1 ROOMS: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement: Total SQ Ft: Finished SQ Ft: Account#: R4857807 Parcel#: 080726100011 Owners Name&Address: Property Address: EASTMAN KODAK-COLORADO DIV Street:9952 EASTMAN PARK DR WELD C/O GOLDWYN LING CORP TAX City:WELD 343 STATE ST ROCHESTER, NY 14650-0904 Building# Property Type 12 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: Detached SQ Ft: Basement: Total SQ Ft: Finished SQ Ft: Account#: R4857807 Parcel*: 080726100011 Owners Name B.Address: Property Address: EASTMAN KODAK-COLORADO DIV Street:9952 EASTMAN PARK DR WELD C/O GOLDWYN UNG CORP TAX City:WELD 343 STATE ST ROCHESTER, NY 14650.0904 Building# Property Type 13 Commercial Individual Built As Detail Built As: Indust Heavy Manufacturing Year Built: 1974 Exterior: HVAC: Hot Chilled Water interior Finish: Built As SQ Ft: 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 Roof Type: Flat *of Bdrms: 0 Roof Cover: *of Stories: 0 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement: Total SQ Ft: Finished SQ Ft: Account#: R4857807 Parcel#: 080726100011 Owners Name&Address: Property Address: EASTMAN KODAK-COLORADO DIV Street:9952 EASTMAN PARK DR WELD C/O GOLDWYN LING CORP TAX City:WELD 343 STATE ST ROCHESTER, NY 14650-0904 Building# Property Type 14 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 it of Baths: 0 Roof Type: Flat #of Bdrms: 0 Roof Cover: #of Stories: 2 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement: Total SQ Ft: Finished SQ Ft: Account#: R4857807 Parcel*:080726100011 Owners Nalne!_AddreSSI Property_ risimss: EASTMAN KODAK-COLORADO DIV Street: 9952 EASTMAN PARK DR WELD C/O GOLDWYN LING CORP TAX City:WELD 343 STATE ST ROCHESTER, NY 14650-0904 Building# Property Type 15 Commercial Individual Built As Detail Built As: Indust Heavy Manufacturing Year Built: 1976 Exterior: HVAC: None Interior Finish: Built As SQ Ft: 986 *of Baths: 0 Roof Type: Flat if of Bdrms: 0 Roof Cover: it of Stories: 1 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement: Total SQ Ft: Finished SQ Ft: Account#: R4857807 Parcel*: 080726100011 Owners Nmpe&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 Street: 9952 EASTMAN PARK DR WELD C/O GOLDWYN LING CORP TAX City:WELD 343 STATE ST ROCHESTER,NY 14650-0904 Building, Property Type 16 Commercial Individual Built As Detail Built As: Indust Heavy Manufacturing Year Built: 1971 Exterior: HVAC: None Interior Finish: Built As SQ Ft: 480 #of Baths: 0 Roof Type: Flat #of Bdrms: 0 Roof Cover: #of Stories: 1 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement: Total SQ Ft: Finished SQ Ft: Account#: R4857807 Parcel#: 080726100011 Owners Name&Address: Property Address: EASTMAN KODAK-COLORADO DIV Street:9952 EASTMAN PARK DR WELD C/O GOLDWYN LING CORP TAX City:WELD 343 STATE ST ROCHESTER, NY 14650-0904 Building# Property Type 17 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: Detached SQ Ft: Basement: Total SQ Ft: Finished SQ Ft: Account#: R4857807 Parcel*:080726100011 Owners Name■Address: Property Address:. EASTMAN KODAK-COLORADO DIV Street:9952 EASTMAN PARK DR WELD C/O GOLDWYN UNG CORP TAX City:WELD 343 STATE ST ROCHESTER, NY 14650-0904 Building# Property Type 18 Commercial Individual Built As Detail Built As: Shed -Utility Year Built: 1980 Exterior: HVAC: None Interior Finish: Built As SQ Ft: 493 #of Baths: 0 Roof Type: Flat # of Bdrms: 0 Roof Cover: Page 57 http://maps2.merrick.com/Website/Weld/setSgl.asp?cmd=QUERY&DET=PP&pin=08072610001... 5/27/2008 Identify Results Page 6 of 13 #of Stories: 1 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement:. Total SQ Ft: Finished SQ Ft: Account#: R4857807 Parcel#: 080726100011 Owners Name!:Address: Property.Address: EASTMAN KODAK-COLORADO DIV Street:9952 EASTMAN PARK DR WELD C/O GOLDWYN UNG CORP TAX City: WELD 343 STATE ST ROCHESTER, NY 14650-0904 Building# Property Type 19 Commercial Individual Built As Detail Built As: Indust Heavy Manufacturing Year Built: 1989 Exterior: HVAC: Hot Chilled Water Interior Finish: Built As SQ Ft: 21627 #of Baths: 0 Roof Type: #of Bdrtns: 0 Roof Cover: #of Stories: 1 Rooms: 0 Units: 0 Garage: Attached SQ Ft Detached SQ Ft: Basement: Total SQ Ft: Finished SQ Ft: Account#: R4857807 Parcel#: 080726100011 Owners Name&Address: Property Address: EASTMAN KODAK-COLORADO DIV Street:9952 EASTMAN PARK DR WELD GO GOLDWYN LING CORP TAX City:WELD 343 STATE ST ROCHESTER, NY 14650-0904 Building# Property Type 2 Commercial Individual Built As Detail Built As: Mechanical Penthouse Year Built: 1971 Exterior: HVAC: Hot Chilled Water Interior Finish: Built As SQ Ft: 183556 *of Baths: 0 Roof Type: Flat #of Bdrms: 0 Roof Cover: #of Stories: 1 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement:. Total SQ Ft: Finished SQ Ft: Account#:R4857807 Parcel*:080726100011 Owners Name&Address: Property Address: EASTMAN KODAK-COLORADO DIV Street 9952 EASTMAN PARK DR WELD GO GOLDWYN UNG CORP TAX City:WELD 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# Property Type 20 Commercial Individual Built As Detail Built As: Shed -Utility Year Built: 1990 Exterior: HVAC: Space Heater Interior Finish: Built As SQ Ft: 1294 #of Baths: 0 Roof Type: Flat #of Bdrms: 0 Roof Cover: #of Stories: 1 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement Total SQ Ft: Finished SQ Ft: Account#: R4857807 Parcel*: 080726100011 Owners Name&Address; Property Address: EASTMAN KODAK-COLORADO DIV Street:9952 EASTMAN PARK DR WELD C/O GOLDWYN LING CORP TAX City:WELD 343 STATE ST ROCHESTER, NY 14650-0904 Building# Property Type 21 Commercial Individual Built As Detail Built As: Shed -Utility Year Built: 1990 Exterior: HVAC: Space Heater Interior Finish: Built As SQ Ft: 1000 #of Baths: 0 Roof Type: Flat #of Bdrms: 0 Roof Cover: #of Stories: 1 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement: Total SQ Ft: Finished SQ Ft: Account*: R4857807 Parcel*:080726100011 Owners Name&Address: Property Address: EASTMAN KODAK-COLORADO DIV Street:9952 EASTMAN PARK DR WELD C/O GOLDWYN LING CORP TAX City:WELD 343 STATE ST ROCHESTER, NY 14650-0904 Building* Property Type 22 Commercial Individual Built As Detail Built As: Shed -Utility Year Built: 1990 Exterior: HVAC: Space Heater Interior Finish: Built As SQ Ft: 204 #of Baths: 0 Roof Type: Flat #of Bdrms: 0 Root Cover: #of Stories: 1 Rooms: 0 Units: 0 Page 59 http://maps2.merrick.com/Website/Weld/setSgl.asp?cmd=QUERY&DET=PP&pin=08072610001... 5/27/2008 Identify Results Page 8 of 13 Garage: Attached SQ Pt: Detached SQ Ft: Basement: Total SQ Ft Finished SQ Ft: Account#: R4857807 Parcel#:080726100011 Owners Nails F Address: Property Address: EASTMAN KODAK-COLORADO DIV Street: 9952 EASTMAN PARK DR WELD C/O GOLDWYN LING CORP TAX City:WELD 343 STATE ST ROCHESTER,NY 14650-0904 Building# Property Type 23 Commercial Individual-Built As Detail Built As: Storage Warehouse Year Built: 1990 Exterior: HVAC: None Interior Finish: Built As SQ Ft: 1217 It of Baths: 0 Roof Type: Gable *of Bdrms: 0 Roof Cover: *of Stories: 1 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement: Total SQ Ft: Finished SQ Ft: Account#: R4857807 Parcel#: 080726100011 Owners Name&Address: Property Address: EASTMAN KODAK-COLORADO DIV Street: 9952 EASTMAN PARK DR WELD C/O GOLDWYN LING CORP TAX City:WELD 343 STATE ST ROCHESTER,NY 14650-0904 Building# Property Type 24 Commercial Individual Built As Detail Built As: Storage Warehouse Year Built: 1990 Exterior: HVAC: None Interior Finish: Built As SQ Ft: 4877 #of Baths: 0 Roof Type: Gable #of Bdrms: 0 Roof Cover: *of Stories: 1 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement: Total SQ Ft: Finished SQ Ft: Account#: R4857807 Parcel*: 080726100011 Owner Name&Actress: Property Address: EASTMAN KODAK-COLORADO DIV Street: 9952 EASTMAN PARK DR WELD C/O GOLDWYN LING CORP TAX City: WELD 343 STATE ST ROCHESTER, NY 14650-0904 Page 60 http://maps2.merrick.com/Website/Weld/setSgl.asp?cmd—QUERY&DET=PP&pin=08072610001... 5/27/2008 Identify Results Page 9 of 13 Building# Property Type 25 Commercial Individual Built As Detail Built As: Storage Warehouse Year Built: 1990 Exterior: HVAC: Space Heater Interior Finish: Built As SQ Ft: 7200 #of Baths: 0 Roof Type: Gable *of Bdrms: 0 Roof Cover: *of Stories: 1 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement: Total SQ Ft: Finished SQ Ft: Account#: R4857807 Parcel#: 080726100011 Owners Neme&Address: Property Address: EASTMAN KODAK-COLORADO DIV Street: 9952 EASTMAN PARK DR WELD CIO GOLDWYN LING CORP TAX City:WELD 343 STATE ST ROCHESTER, NY 14650-0904 Building# Property Type 26 Commercial Individual Built As Detail Built As: Service Garage Year Built: 1990 Exterior: HVAC: Space Heater Interior Finish: Built As SQ Ft: 4017 It of Baths: 0 Roof Type: Gable #of Bdrms: 0 Roof Cover: *of Stories: 1 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement: Total SQ Ft: Finished SQ Ft: Account#: R4857807 Parcel*:080726100011 Owners Name&Address: PrppeMAddressi EASTMAN KODAK-COLORADO DIV Street: 9952 EASTMAN PARK DR WELD C/O GOLDWYN LING CORP TAX City: WELD 343 STATE ST ROCHESTER, NY 14650-0904 Building# Property Type 27 Commercial Individual Built As Detail Built As: Service Garage Year Built: 1990 Exterior: HVAC: Space Heater Interior Finish: Built As SQ Ft: 7323 #of Baths: 0 Roof Type: Gable #of Bdrms: 0 Roof Cover: #of Stories: 1 Rooms: 0 Units: 0 Garage: Page 61 http://maps2.merrick.com/Website/Weld/setSgl.asp?cmd=QUERY&DET=PP&pin=08072610001... 5/27/2008 Identify Results Page 10 of 13 Attached SQ Ft Detached SQ Ft: Basement: Total SQ Ft Finished SQ Ft: Account#: R4857807 Parcels:080726100011 Owners Name&Address: Property Address: EASTMAN KODAK-COLORADO DIV Street:9952 EASTMAN PARK DR WELD GO GOLDWYN LING CORP TAX City:WELD 343 STATE ST ROCHESTER, NY 14650-0904 Building# Property Type 28 Commercial Individual Built As Detail Built As: Service Garage Year Built: 1990 Exterior: HVAC: Space Heater Interior Finish: Built As SQ Ft: 4015 #of Baths: 0 Roof Type: Gable #of Bdrms: 0 Roof Cover: S of Stories: 1 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement: Total SQ Ft: Finished SQ Ft: Account#: R4857807 Parcels: 080726100011 Owners Name&Address: Property Address: EASTMAN KODAK-COLORADO DIV Street: 9952 EASTMAN PARK DR WELD C/0 GOLDWYN LING CORP TAX qty:WELD 343 STATE ST ROCHESTER, NY 14650-0904 Building# Property Type 29 Commercial Individual Built As Detail Built As: Shed - Equipment Year Built: 1990 Exterior. HVAC: None Interior Finish: Built As SQ Ft 3200 *of Baths: 0 Roof Type: Flat #of Bdrms: 0 Roof Cover: s of Stories: 1 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement: Total SQ Ft: Finished SQ Ft: Account#: R4857807 Parcel*: 980726100011 Owners Name&Address: Property Address: EASTMAN KODAK-COLORADO DIV Street: 9952 EASTMAN PARK DR WELD C/O GOLDWYN LING CORP TAX City: WELD 343 STATE ST ROCHESTER, NY 14650-0904 Building# Property Type Page 62 http://maps2.merrick.com/Website/Weld/setSgl.asp?cmd=QUERY&DET=PP&pin=08072610001.. 5/27/2008 Identify Results Page 11 of 13 3 Commercial Individual Built As Detail Built As: Storage Warehouse Year Built: 1971 Exterior: HVAC: Hot Chilled Water Interior Finish: Built As SQ Ft: 272967 *of Baths: 0 Roof Type: Flat *of Bdrms: 0 Roof Cover: #of Stories: 1 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement: Total SQ Ft: Finished SQ Ft: Account#: R4857807 Parcel#: 080726100011 Owners.Name&Address: Property-Address: EASTMAN KODAK-COLORADO DIV Street: 9952 EASTMAN PARK DR WELD C/O GOLDWYN LING CORP TAX City:WELD 343 STATE ST ROCHESTER, NY 14650-0904 Building# Property_Type 4 Commercial Individual Built As Detail Built As: Storage Warehouse Year Built: 1977 Exterior: HVAC: Hot Chilled Water Interior Finish: Built As SQ Ft: 505688 #of Baths: 0 Roof Type: Flat #of Bdrms: 0 Roof Cover: #of Stories: 2 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement: Total SQ Ft: Finished SQ Ft: Account#: R4857807 Parcel*: 080726100011 Owners Name&Address: Property Address: EASTMAN KODAK-COLORADO DIV Street:9952 EASTMAN PARK DR WELD C/O GOLDWYN LING CORP TAX City:WELD 343 STATE ST ROCHESTER, NY 14650-0904 Building# Property Type 5 Commercial Individual Built As Detail Built As: Storage Warehouse Year Built: 1971 Exterior: HVAC: Hot Chilled Water Interior Finish: Built As SQ Ft: 246002 #of Baths: 0 Roof Type: Hat #of Bdrms: 0 Roof Cover: #of Stories: 1 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement: Page 63 http://maps2.merrick.com/Website/Weld/setSgl.asp?cmd=QUERY&DET=PP&pin=08072610001... 5/27/2008 identify Results Page 12 of 13 Total SQ Ft: Finished SQ Ft: Account#: R4857807 Parcel#:080726100011 Owners Name h Address: Property Address: EASTMAN KODAK-COLORADO DIV Street:9952 EASTMAN PARK DR WELD C/O GOLDWYN LING CORP TAX City:WELD 343 STATE ST ROCHESTER,NY 14650-0904 Building# Property Type 6 Commercial 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: Detached SQ Ft: Basement: Total SQ Ft: Finished SQ Ft: Account#: R4857807 Parcel*: 080726100011 Ownertifame&Address: Property Address: EASTMAN KODAK - COLORADO DIV Street:9952 EASTMAN PARK DR WELD C/O GOLDWYN LING CORP TAX City: WELD 343 STATE ST ROCHESTER, NY 14650-0904 Building# Property Type 7 Commercial Individual Built As Detail Built As: Distribution Warehouse Year Built: 1971 Exterior: HVAC: Hot Chilled Water Interior Finish: Built As SQ Ft: 30592 It of Baths: 0 Roof Type: Flat it of Bdrms: 0 Roof Cover: Al of Stories: 3 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement: Total SQ Ft: Finished SQ Ft: Account#: R4857807 Parcels: 080726100011 Owners Name&Address: Property.Address: EASTMAN KODAK-COLORADO DN Street:9952 EASTMAN PARK DR WELD C/O GOLDWYN LING CORP TAX City:WELD 343 STATE ST ROCHESTER, NY 14650-0904 Building# Property Type 8 Commercial Page 64 http://maps2.menick.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: HVAC: Hot Chilled Water Interior Finish: Built As SQ Ft: 260802 #of Baths: 0 Roof Type: Flat #of Bdrms: 0 Roof Cover: #of Stories: 1 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement: Total SQ Ft: Finished SQ Ft: Account#:R4857807 Parcel*:080726100011 Owners Name&Address: Property Address: EASTMAN KODAK-COLORADO DIV Street 9952 EASTMAN PARK DR WELD C/O GOLDWYN LING CORP TAX City:WELD 343 STATE ST ROCHESTER, NY 14650-0904 Building# Property Type 9 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 #of Bdrms: 0 Roof Cover: #of Stories: 1 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement: Total SQ Ft: Finished SQ Ft: Page 65 http://maps2.merrick.com/Website/Weld/setSql.asp?cmd=QUERY&DET=PP&pin=08072610001... 5/27/2008 DMA, Inc. Prspaed for Kim Roger Saramsa Tao y OshkoshOshkosh WYOMING� Sande Kimball NEBRASKA • nuSmg .as,®. „Sidney chavpeu ea a "' :. Hee G'p_ Jul Madrid. '°y� aCaAmhne eElse eJ :Malden c „dFaiO SSraawhoat Fart Calaislitliff y biding e Nolpolra omptdel Curls' s Champion aeae* x. Lb-Valle . tpri(j; 385.. oDWh Range* Het Sulphur +s 'o" a Yams . . lacCeefi y 23 Sp „ BoulderInmanNeon ' carat 34 _Ilx Udell 470 eAdwood Ea I Vail a oes SL Frarrek 1J0 Seidel e Glenwood d wo ndnn 41••• ." Coley Spdxar r: g audlagbo _2} ,"Su'BBiind Me oLealba8 o.We Natonel For V7p .......,%8:3-4,,z eft Fahplay Huge 'ZINbn 24 N Shawn Aaat11011 SO eownas city C O..',L O R A D Cheyenne Springs o Buena Mkt, Wells Dena GmNppP U .N I T E D TATES KANSAS Seat Mmotoreded da�mag _„Canon C Fads 'Tritium Nuala 206 60 Ordway okra Saauadro olse#drae la Mknas . 'y"'NHS OsrJem. Telluride„ m-..•Lamer "MCA* CIYo.. pave Creek eSiMda eared„ Lamer Junta Del Nodee_- 17 1p B3 Cl 7® wahlaneur 287 ,apses - Monte VW p Springfield 'Johnson Colt c ° Mrueao Nawora' 4 1d0 „pages.Springs Wrq.oml�a 1 �SaP UAL jrrinidad L6�MG tones Ekhatt _.0.._ -dddosNsroirrw7lrrrru_ee. .... Legend © Class A Corporate Carpus © Colorado City Facility 702 Baidey Drive, Fountain, CO 4038 Dover Drive, Colorado City. CO © Fat Collins Warehouse fl City Center West Building(Old HP Facility) 3620 Weidcer Drive, Fort Collins, CO 712 71st Ave, Greeley, CO Created:7282008 _._.. LoopNet,Inc.C Copyright 1995-2008 This intensbon cones from wrens and seine believed to be reliable.but is not guaranteed. Page 66 Owens Brockway Kim Rogers -(480)419-2556 ext2530 - ffirogers@dmainc.com Prepared for.Joe Undone DMA BADS iO% Pr ae Status Name Class A Corporate Industrial 360,000 SF $18,000,000 Active Campus Manufacturing $50.00/SF i 15442898 Fountain, CO �/ Colorado City Fanny Office 250.151 SF $6,000,000 14479968 `2(59/SG Adive Colorado Cky, CO Office Sling 923.99/SF Fort Collins Warehouse Industrial 250,400 SF $13,000,000 . Active Fort Collins, CO Distribution Warehouse $51.92/SF Q{o.1! 15798867 CllyCenterr West leading Indoea(el 27t821 SF $15,000,000 Active (Old 1P Faeiy) Flex Space $55.18/SF `50/4) 15443079 Greeley. CO Page 1 d 1 Created:7/28/2008 Looptlet.Inc.O Copyright 1995-2008 (1.1) This information comes from users and sources beamed to be reliable,but is not guaranteed. Powered 5y Looplier Page 67 CoStar Property® Page 1 of 2 Joe Unarm-OUGYni,McMillen a Associates 702 Bandley Dr-Se' 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 home page space overview ) property I company I images I analytic I map I 4 1 of 2 ► for sale 1 comps L tenant 1 my data 1 public record S demographics J ir— _ Industrial Information I results table Total Avail:360,000 SF RBA: 360,000 SF Year Built: 1986 print reports Office Avail:0 SF Stories: 2 Zoning: 1-2,Fountain go to Rent/SF/mo: $0.46 Warehouse Avail: 360,000 SF CAM:- %Leased:0.0% Max Contlg: 360,000 SF Land Area:4,181,760 SF F edit results Ceiling Height: 32'0" Crane: - Cross Docks: - save survey Column Spacing: - Loading Docks: 20 ext(bldg.total) Levelators: - Const Type: Steel Drive Ins: - Sprinklers: Wet add properties Rail Spots: None Rail Line: None remove property For Sale Info: For le at$15.000 000_($5.0%SF1. F Last Sold Info: tastsuld ter$14,491,500.($40.2515f_LQn May 31. Legg lookup property property search Power: 8000a/277-480V 3p 4w Parking: 1000 Surface Spaces are available;Ratio of 5.53/1,000 SF retail search fapace avallabIllty I shop ctr search spaces that meet criteria II ail spaces listing summary I space summary III analytic search i • rilOOr I''.TVPe fSF Avail IRen/SF/mo Ioccupanev lifting Company my surveys I; Warehse Direct 360,000 $0.46/nnn Vacant NAT Highland Commercial Gr.., F space notes Chew plan i1] add rtlscfed spaces I add wwd droaces update data suggestions support Page 68 http://property2.costar.com/Property/Detail/Detail.aspx?ID=4092673&Results=0 7/29/2008 • Class A Corporate Campus DMA, Inc. Prepared For:Joe Lanzone 702 Bandley Drive Fountain. CO 80817 County: El Paso Property Type: Industrial .,_-.....:.. Manufacturing 36Q000 SF - Clear Ceiling Height 32 Ft. Dock High Doors: 20 Price: $18,000,000 Price/SF $50.00 Status: Active LoopNet ID: 15442898 http://listi ng.loopnet.com/15442898 • CI A¢c A CORPORATE CAMPUS . 360,000 SF,MANUFACTURING AND WAREHOUSE FACILITY . SITUATED ON 96 AC LOCATED ALONG I-25,JUST SOUTH . FOR SALE OR FOR LEASE OF COLORADO SPRINGS IN FOUNTAIN COLORADO ▪ OFFICE-53,253 SF;WAREHOUSE-68,379 SF; . ACCESS OFF INTERSTATE 25 AT EXITS 128&132 MFG/ASSEMBLY-240,659 SF 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:the main north-south highway serves numerous western states,including Texas,New Mexico,Wyoming and Montana.Situated on 98 acres located along Interstate 25. Created:7/29/2008 ab LoopNet,Inc.©Copyright 1995-2008 This information cones from users end sources believed to be reliable.but is not guaranteed. P+wend by Localis Page 69 Class A Corporate Campus DMA, Inc. Prepared For:Joe Lanzone Financial Summary Debt& Equity Information Type: Actual No Debt&Equity Information provided. Sprinklers: Yes TaxID/APN: 5606001003 Created:7/29/2008 afr LoopNet,Inc.®Copyright 1995-2008 This mtormabon comes from users and sources believed to be reliable,but is not guaranteed. Pmweeed f y L0opFet Page 70 CoStar Property® Page 1 of 2 )ce Lanzora•DuCharmt,Monson&Asset ates 4038 Dover Dr-(Former)Dillon/Kroger Logistics Facility gil Colorado City,CO 81019iii 250,151 SF For Sale at$6,000,000($24/SF)with 250,151 SF Available for Lease 250,151 SF Class B Industrial Distribution Building Renovated in 1996 Built in 1968 home page space overview . Property 1 company I images I analytic I map I 4 2 of 2 'i for sale 1 comps 1 tenant L my data 1 public record 1 demographics j 'industrial information t results table Total Avail: 250,151 SF RBA: 250,151 SF Year Built: 1968 print reports Office Avail:0 SF Stories: 1 Zoning: 1-2,Pueblo go to Rent/SF/mo: $0.20 Warehouse Avail: 250,151 SF CAM: - r %Leased:0.0% Max Contig: 250,151 SF Land Area: 1,655,280 SF edit results Ceiling Height: 25'0--38'0" Crane: None Cross Docks: No save survey Column Spacing: - Loading Docks: 13 ext(bldg.total) Levelators: - Const Type: Steel Drive Ins: 2(total) Sprinklers: Yes add properties Rail Spots: None Rail Line: None remove property Property Mix: Industrial 240,151 SF (96.0%) r Office 10,000 SF (4.0%) lookup property For Sale Info: FQrMle at 56.000.000($.23.9915F). property search Power:3000a/277-480r 3p 4w retail search Parking: 125 free Surface Spaces are available;Ratio of 0.50/1,000 SF shop ctr search wpace availability 'i analytic search I spaces that meet criteria if all spaces listing summary I space summary J my surveys Ipoor Use 'Type I !Avail.. I Rent/SFinto iOccupancy I Listing Company r _ tatWarehse Direct 240,151 50.20/N/nnn Vacant NAI Highland Commercial Gr... update data r si 5.209 1 Warehse Direct 10,000 $0.20/N/nnn Vacant NAL Highland Commercial Gr... sug gestic ns space note;ID 1 floor plan E4; am tease safes i ads uw setae soaceF support Page 71 http://property2.costar.com/Property/Detail/Detail.aspx?ID=1392713&Results=0 7/29/2008 Colorado City Facility DMA, Inc. Prepared For:Joe Lanzone 4038 Dover Drive Colorado City. CO 81019 -s s - County: Pueblo _ Property Type: Office -- Office Building r r Building Size: 250,151 SF Clear Ceiling Height 38 Ft. Dock High Doors: 13 Grade Level Doors: 2 Price: $6,000,000 } Price/SF $23.99 Status: Active LoopNet ID: 14479966 http://listing.loopnet.com/14479966 1-25 FRONTAGE&ACCESS . EXPANSION CAPABILITY FOR ADDITIONAL 220,000 SF PAVED SURFACE TRAILER STORAGE . 25'TO 38'CEILING HEIGHT FIRE PROTECTION SPRINKLER SYSTEM . 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 1988(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.C Copyright 1995-2008 This intonation coops from users and sources believed to be reliable but is not guaranteed. Pore.,el Er LeepNEC Page 72 I Colorado City Facility DMA, Inc. Prepared For:Joe Lanzone Financial Summary Debt & Equity Information Type: Actual No Debt&Equity Information provided. TaxID/APN: 4630240001/4630240002 Created:7/29/2008 LoopNet,Inc.®Copyright 1995-2008 This information canes from users and sources believed to be reliable,but is not guaranteed hw'er!ty - Page 73 r ' CoStar Property® Page 1 of 2 305 Lanza le•ouChame,McMillen&Associiates 3620 Weicker Dr I'.,ii 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 home page space overview property company I images analytic map 4 6 of 7 ► for sale j comps J_ tenant j my data j public record j demographics J industrial information results table Total Avail:0 SF RBA: 247,848 SF Year Built: 1992 print reports Office Avail:0 SF Stories: 1 Zoning:CSU,Fort Collins go to Rent/SF/mo: For Sale Only Warehouse Avail: 0 SF CAM: edit results %Leased: 100.0% Max Coale: 0 SF Land Area: 753,183 SF save survey Ceiling Height: 26'0" Crane: None Cross Docks: - Column Spacing: - Loading Docks: 27 ext(bldg.total) Levelators: - add properties Const Type: Masonry Drive Ins: 3(total) Sprinklers: - remove property ex Rail Spots: 11 t Rail Line: Unknown For Sale Info:Fair saieet 613,000,000($52.45/5F). lookup property property search Parking: 40 Surface Spaces are available;Ratio of 0.16/1,000 SF retail search shop ctr search analytic search my surveys update data suggestions support Page 74 http://property2.costar.com/Property/Detail/Detail.aspx?ID=636910&Results=0 7/29/2008 Fort Collins Warehouse DMA, Inc. Prepared For.Joe Lanzone 3620 Weicker Drive Fort Collins, CO 80524 County: Lorimer Property Type: Industrial Distribution Warehouse Building Size: 250,400 SF Price: $13,000,000 Price/SF $51.92 Status: Active LoopNet ID: 15798867 ' :'. s _ � ," - http://listing,loopnet_com/15798867 ▪ Northern Colorado's Premier Warehouse Property . Over 250,000 S.F.with 55,000 S.F.cold storage ▪ Upside opportunity increasing to market rents . Doors:27 dock high,3 drive in, 11 rail ▪ 100%occupied-all NNN leases-3 quality tenants 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 rattol LoopNet,Inc.®Copyright 1995-2008 This information comes from uses and sources believed to be reaable.but is not guaranteed. P,wrred tr loopilet Page 75 i1 Fort Collins Warehouse DMA, Inc. Prepared For:Joe Lanzone Financial Summary Debt & Equity Information No Financial Information provided. No Debt&Equity Information provided. Created:7/29/2008 att) LoopNet,Inc.©Copyright 1995-2008 Tit inbrmalion comes from users and sources believed to be reliable.but a not guaranteed. hared by teepRef Page 76 t CoStar Property® Page 1 of 2 )oe tanmie.ouChanne,McMillen a Associates 700 N 71st Ave-City Center Wes t-MainBldg Ell AKA 712 71st Ave/10 miles east of 1-2r Hewlett Pa _ �"�'+-_ Greeley,CO 80624-Weld County Ind 271,822 SF For Sale at$15, 0005F Avail 271,822 SF Class B Flex Light Manufacturing Building Built in 1982 home page space overview ) property I company i images I analytic 1 map 1 1 of 1 for sale L comps 1 .1_tenant my data anauatrlar Information $ l 1 public record ± demographics results table Total Avail: 271,822 SF RBA: 271,822 SF Year Built: 1982 pnnt reports Office Avail:0 SF Stories: 2 Zoning: I-1 r Rent/SF/mo:$0.67 Warehouse Avail: 271,822 SF CAM: - edit results %Leased:0.0% Max Contig: 271,822 SF Land Area: 1,199,642 SF save survey Ceiling Height: 12'0"-22'O" Crane: - Cross Docks: - add properties Column Spacing: - Loading Docks: 7 ext(bldg.total) Levelators: - Const Type: - Drive Ins: 2(total) Sprinklers: - remove property Rail Spots: Nate Rail Line: None lookup property For Sale Info: Fur sale it$1.5...09.04.0-110($55.18/SF). Last Sold Info:Po OOO.QQ01rtfolio sale of 2 oro _erties last sold for-t8 s2I.95/SFl A Ausust 25,2004 property search retail search Power:4000a/480v 3p Parking: 1600 Surface Spaces are available; Ratio of 6.00/1,000 SF shop ctr search kpace availability $ analytic search spaces that meet criteria It all spaces listing summary ( space summary myP SC�eys -,- Eflow : use limn l SF Avail (.Rent/SF/mo ,!Occupancy Listing company update data E Ist Flex Direct 30,000-148,520 $0.67/nnn Vacant Fuller Real Estate P wl 82nd Flex Direct 30,000-123,302 $0.67/nnn vacant Fuller Real Estate suggestions spasa nods D I floor W n el i99 selected mites I add anieactad maxi support Page 77 http://property2.costar.com/Property/Detail/Detail.aspx?Results=0 7/29/2008 City Center West Building (Old HP Facility) DMA, Inc. Prepared For:Joe Lanzone 712 71st Ave Greeley. CO 80634 County: Weld Property Type: Industrial - - Flex Space • Building Size: 271,821 SF Price: $15,000,000 Price/SF $55.18 Status: Active LoopNet ID: 15443079 htlpittl n g.I oo net.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 I-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,oferting 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 r This information comes from users and sources believed to be reliable.but is not guaranteed. P,nred by Learner Page 78 ,1 City Center West Building (Old HP Facility) DMA, Inc. Prepared For:Joe Lanzone Financial Summary Debt & Equity Information Type: Actual No Debt&Equity Information provided. No.Stories: 2 Sprinklers: Yes Created:7/29/2008 e` LoopNet, Inc.®Copyright 1995-2008 CBIY This information comes from users and sources believed to be reliable.but is not guaranteed. Pcramd 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-1B-A • Capitalization Theory and Techniques Part B-1B-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 Certified General Real Estate Appraiser Certificate #GA-323-L Exam passed - August 24, 1991 New York Real Estate General Appraiser Unique ID #46000024474 Oregon Certified General Real Estate Appraiser Certificate #C000766 Colorado Certified General Real Estate Appraiser Certificate #100007580 California Certified General Real Estate Appraiser Certificate #AG036702 Arizona Certified General Real Estate Appraiser Certificate #31143 Property Tax Agent #2005033 Washington Certified General Real Estate Appraiser Certificate #1101829 Utah 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 Heinz Allentown Cement Hanover House Alumax Henkels&McCoy American Honda Hercules Cement American Olean Tile Hershey Chocolate Americold Corporation Hershey Foods Corporation Ametek High Steel/High Properties (various) Apple Computers Inc. IKEA Armstrong World Industries Inland Container Corporation Ash Grove Cement Company Intel BMC West Building Materials Interbake Foods Ball Corporation Johnson Controls Baltimore Aircoil Kemper Insurance Beringer/ Foster's Kimberly-Clark Blue Circle Cement Kiwi Products The Boston Globe Knoll International Boston Scientific Knouse Foods Bronco Wines LaFarge Cement Brunswick-Filterite (Memtec) Lehigh Portland Cement Company Cadbury-Schweppes Incorporated Lehigh Structural Steel Callaway Golf Equipment Leprino Cheese Cardinal Glove Litton (various) Centocor McCormick&Company Clorox Melitta Corporation Congoleum Corporation Merck&Co., Inc. Continental Mills (Krusteaz) Messer Griesheim Coplay/Essroc Cement Mitre Corporation Cumberland Farms Moore Business Forms Dana Corporation NCR Corporation Datascope National Can Corporation Dow Jones&Company, Inc. Office Max Eaton Corporation Phelps Dodge Company EIS Brake Parts Prudential Insurance Company Emerson Electric Radio Corporation of America Essroc Cement Revco Drug Stores Exide Battery Corporation S.C. Johnson &Company First Brands Corporation Sealed Air Corporation Fleetwood Corp., Inc. Sealy Mattress Corporation Foamex Corporation Sheraton Inn Freightliner Trucks Shop Vac Corporation Friendly Restaurants Standard Register Fuller Coporation Stroh Brewery Gallo Wines/Gallo Glass Subaru of America General Bearing Sunkist General Defense Susse Chalet General Electric Corporation Textron Lycoming Georgia Gulf The Wine Group Glen-Gery Brick Corporation Thomson Consumer Electric Glens Falls Portland Cement U. S. Healthcare Gorham/Textron Unilever/Durkee Foods Graham Packaging Weyerhaeuser Graphic Packaging Wallace Computers Grinnell Corporation Whitehall (LaFarge) Cement Company Grolier Incorporated Yuasa Batteries 7/29/2008 Page 82 BOE SUMMARY SHEET Account Number: R2704603 Parcel Number: 080725200049 BROCKWAY GLASS CONTAINER INC ONE O-1 PLAZA TAX DEPT ONE MICHAEL OWENS WAY PERRYSBURG, OH 43551-2999 HEARING DATE: July 31, 2008, AT 9:30 AM HEARING ATTENDED? 6/N) NAME:"Jo. C /.Iri1t-' AGENT NAME: DUCHARME MCMILLEN & ASSOC INC 20830 NORTH TATUM BLVD SUITE 240 PHOENIX AZ 85050 ( A4 _A,C-t`LC !e) APPRAISER NAME: SGJ Mit � DECISION ACTUAL VALUATION APPROVE BY SET BY ASSESSOR BOARD Land $1,584,142 //5cf`I/ /// Improvements OR Personal Property $35,455,663 35,07 732 TOTAL ACTUAL VALUE $37.039.805 -1, 4 07d9Q / COMMENTS: elLfi S4 ‘,' Aid MOTION BY �1/tit" TO JAt SECONDED BY�(7Vd,A)(I(- (J Garcia -- (CQ/N) Jerke -- IN) Failed to prove appropriate value Long -- (Y/N) No comparables given Masden -- (Y ) Assessor's value upheld Rademacher-- ) k Other: RESOLUTION NO.cQU'c2C12L8 Hello