2510 Riva Road Annapolis, Maryland

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1 2510 Riva Road Annapolis, Maryland GHP Office Realty One West Red Oak Lane White Plains, New York Phone: Fax: ghpoffice.com

2 2510 RIVA ROAD, ANNAPOLIS, MD Riva Road is located 25 miles from both Baltimore and Washington DC in the Parole area of Annapolis, Maryland. The Property is strategically situated less than a half mile from Exit 23 off Route 50, which extends west to Washington DC and is only one mile from I-97, which travels north to Baltimore Riva Road has exceptional visibility route 50 and is positioned directly along a well-developed commercial corridor that provides easy local access to I-301 and Routes 450 and Riva Road is part of the Parole Growth Management Area (PGMA) that has the largest concentration of office and retail space in Anne Arundel County. The Property is also located adjacent to the Annapolis Town Center ( ATC ) project, which is a $400 million, 1.8 million SF mixed use development currently under construction. The Property and surrounding area are expected to benefit greatly from this substantial upgrade to the immediate neighborhood. At $28.00 PSF, the Annapolis submarket demands the highest average asking rent and has the second lowest availability (4.35%) of all submarkets in the Baltimore Metropolitan Area. Due to limited supply, excellent accessibility, and a growing and diverse tenant base, the Annapolis market is forecasted to continue to experience growth as a leading submarket in greater Baltimore. The Property is currently owner-occupied by Verizon Washington, DC Inc., who will leaseback the entire building for 3 years. INVESTMENT SUMMARY Total Square Feet..72,382± SF # of Stories.. 6 Typical Floor plate... 11,760± SF Acreage ± Year completed Expected occupancy upon sale. 100% Lease Term years Parking Ratio.. Approximately2/1,000 SF

3 ADDRESS 251 RIVA ROAD, ANNAPOLIS, MD LEASEBACK TERMS AND CONDITIONS 2510 RIVA ROAD LEASEBACK TERMS AND CONDITIONS 2510 RIVA ROAD

4 Address 2510 RIVA ROAD, ANNAPOLIS, MD Location The Subject property is across the street from Annapolis Town Center, a highly anticipated 8MM SF multi-use real estate development and is approximately.25 mile from highway 665, 301, and 50. Site Layout Site is a regular shaped rectangle consisting of 3.73 acres Year Built 1975 Rentable Area 1 st Floor 13,582± SF 2 nd - 6 th Floor 11,760± SF Total SF 72,382± SF Acres 3.73± Parking # of Spaces 140 Ratio per RBA 2/1,000 Site Size Description/Shape Rectangular Frontage feet along Riva Road and feet along Holiday Court Utilities/Services Utility/Service Provider Electricity Baltimore Gas and Electric Gas N/A Water City if Annapolis Sewer City of Annapolis Jurisdiction and Taxes The property is located in and subject to the taxing jurisdictions of Anne Arundel County and the State of Maryland Annual Tax Estimate: $99,000* *Property is not currently assessed due to public utility occupancy. Parcel ID: Permitted Use: Zoned TC, Town Center District-Intended to permit mixed-use Development and includes any use permitted in a C-3 district or any multi- Family use in permitted in an R-15 or R-22 district. Typical uses would include Adult day care centers, automobile and truck parts, supply stores and tire Stores, business complexes, car washes, child care centers, commercial Telecommunications facilities, conference centers, department stores, singlefamily detached, multi-family, duplex or semi-detached residential. Building and Description Structural System Concrete block and steel frame Roof Rubber membrane roof cover on a metal Deck on steel supports Windows Single pane glass in aluminum frames Throughout Systems HVAC (Heating & Cooling) Electric baseboard heat; two roof mounted air handler units; two chillers provide cooling; one replaced 4 to 5 years ago and the other 16 years ago. Elevators 2 elevators 1 st to 6 th Floor Power Kohler generator, 225 KW using diesel fuel, UPS and BGE commercial power. Life Safety/Sprinklers Fire alarm system, sprinkler system, Ionization, photo and thermal detectors, pull station and alarming audible system Telephone Verizon

5 AERIAL

6 MARKET HIGHLIGHTS 2510 Riva Road is located in the Annapolis submarket of the suburban Baltimore office market. The suburban Baltimore office market has a total of 36,392,715 SF. After 1,209,174 SF has absorbed during the first three quarters of 2006, the availability rate decreased by 3.3% to 9.34%. This dynamic market is strong and expanding as evidenced by the 2.4 million SF of development currently under construction, the highest level of new construction in the last four years. The Annapolis office market containing 1,978,951 SF has availability of 4.35% (the second lowest of Metropolitan Baltimore s 18 submarkets) and average asking rent of $28.00 PSF (the highest in Metropolitan Baltimore) Riva Road is located in what is perhaps the preeminent submarket in all of Metropolitan Baltimore. With strong confidence in suburban Baltimore evidenced by the high level of new development currently under construction, the Property is located in a thriving commercial office environment predicted to continue its history of exemplary performance We Own. We Manage. We Lease.

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