PREPARED FOR: Eugene P. Magocky Available Property: Strongsville June 22, 2004 PREPARED BY: Colliers International 1100 Superior Ave, Suite 800 Cleveland, OH 44114-2501 Amy Thomas Indust. & Office Research Specialist 216-861-5349 (phone) 216-861-4672 (fax) amy.thomas@colliers.com
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12200 Alameda Dr Johnson Controls Building Type: Industrial/Manufacturing Status: Built 1972 Building Size: 86,132 SF Land Area: 5.30 AC Space Avail: 86,132 SF Max Contig: 86,132 SF Smallest Space: 86,132 SF Rent/SF/Yr: $4.50 Duke Realty Corporation / Arthur V. Makris 216-643-6212 / Spencer N. Pisczak 216-643-6210 -- 86,132 SF /8,238 ofc (86,132 SF) 12608 Alameda Dr National Engineering Building Type: Industrial Space Avail: 20,000 SF Status: Built 1965 Max Contig: 20,000 SF Building Size: 20,000 SF Smallest Space: 20,000 SF Land Area: 1.10 AC For Sale: For Sale at $1,200,000 ($60.00/SF) Sales Company: Natl Eng. & Cont. Co. / John Stanich 724-873-9101 Grubb & Ellis / Terry Coyne 216-453-3001 -- 20,000 SF (20,000 SF) 22555 Ascoa Ct Status: Built 1994 Building Size: 26,160 SF Land Area: 3.19 AC For Sale: Yes Space Avail: 26,160 SF Max Contig: 26,160 SF Smallest Space: 26,160 SF Sales Company: The Staubach Company / Joseph Messina 216-937-4386 / Donald Bain Jr. 216-937-4377 The Staubach Company / Joseph A. Messina 216-937-4386 / Donald G. Bain Jr. 216-937-4377 -- 26,160 SF /6,000 ofc (26,160 SF) 21973 Commerce Pky Status: Built 2001 Building Size: 43,200 SF Space Avail: 14,400 SF Max Contig: 14,400 SF Smallest Space: 7,200 SF Rent/SF/Yr: $5.05 % Leased: 66.7% Cresco Real Estate/CORFAC Int'l / Joseph V. Barna 216-525-1464 / Tyler Newman 216-525-1470 -- 14,400 SF (7,200-14,400 SF) Page 2
12930 Darice Pky Bldg 5 Status: Built Nov 2000 Building Size: 162,000 SF Space Avail: 105,834 SF Max Contig: 105,834 SF Smallest Space: 50,000 SF % Leased: 34.7% Duke Realty Corporation / Spencer N. Pisczak 216-643-6210 / Arthur V. Makris 216-643-6212 -- 105,834 SF /16,449 ofc (50,000-105,834 SF) 13325 Darice Pky Bldg 2 Status: Built 1999 Building Size: 224,600 SF Land Area: 7.00 AC Space Avail: 32,159 SF Max Contig: 32,159 SF Smallest Space: 32,159 SF Rent/SF/Yr: $5.25-$11.50 % Leased: 85.7% Duke Realty Corporation / Arthur V. Makris 216-643-6212 -- 32,159 SF /4,700 ofc (32,159 SF) 13675 Darice Pky Bldg 1 Status: Built 1997 Building Size: 67,540 SF Space Avail: 67,540 SF Max Contig: 67,540 SF Smallest Space: 20,000 SF Rent/SF/Yr: $5.25-$11.50 Duke Realty Corporation / Arthur V. Makris 216-643-6212 / Spencer N. Pisczak 216-643-6210 -- 67,540 SF /4,000 ofc (20,000-67,540 SF) 8237 Dow Cir Telesource Building Type: Class B Flex Status: Built Oct 2000 Building Size: 80,000 SF Land Area: 6.50 AC / part 2 Space Avail: 10,000 SF Max Contig: 10,000 SF Smallest Space: 10,000 SF Rent/SF/Yr: $12.50 % Leased: 87.5% Telesource Corp. / Bob Cain - - Leasing Company: Grubb & Ellis / Marc Braun 216-453-3014 Herbert Davis 216-453-3010 -- 10,000 SF (10,000 SF) Page 3
8370 Dow Cir Tech Park I Building Type: Class C Flex Status: Built 1986 Building Size: 54,252 SF Space Avail: 10,000 SF Max Contig: 10,000 SF Smallest Space: 2,700 SF Rent/SF/Yr: $14.00 % Leased: 81.6% Grubb & Ellis / Marc Braun 216-453-3014 -- 10,000 SF (2,700-10,000 SF) 8150 E Dow Cir Building Type: Class B Flex Building Size: 21,000 SF Space Avail: 6,500 SF Max Contig: 6,500 SF Smallest Space: 6,500 SF Rent/SF/Yr: $11.00 % Leased: 69.0% Colliers International / Kevin J. Kuczynski 216-861-5684 / Gregory B. West 216-861-5379 -- 6,500 SF (6,500 SF) 20886-20942 Drake Rd Springfield Corners Building Type: Retail/Unanchored Strip Ctr Status: Built 1999 Building Size: 19,200 SF Space Avail: 2,400 SF Max Contig: 1,200 SF Smallest Space: 1,200 SF Rent/SF/Yr: $14.00 % Leased: 87.5% The Krone Group / Neil Skelton 216-464-5900x234 -- 2,400 SF (1,200 SF) 21555 Drake Rd Space Avail: 48,600 SF Status: Built 1980 Max Contig: 48,600 SF Building Size: 48,600 SF Smallest Space: 48,600 SF Land Area: 4.75 AC % Leased: 100% For Sale: For Sale at $3,200,000 ($65.84/SF) Sales Company: Gatto Adams Group LLC / Michael Gatto 440-602-8200 Gatto Adams Group, LLC / Michael Gatto 440-602-8200x1 -- 48,600 SF /25,150 ofc (48,600 SF) Page 4
13550 Falling Water Rd Strongsville Executive Bldg Space Avail: 3,531 SF Status: Built 1978, Renov 1999 Max Contig: 3,531 SF Building Size: 21,000 SF Smallest Space: 1,500 SF Typical Floor Size: 7,000 SF Rent/SF/Yr: $21.00 Stories: 3 % Leased: 83.2% For Sale: For Sale at $2,725,000 ($129.76/SF) Sales Company: CB Richard Ellis / Bryan Kagel 216-363-6416 CB Richard Ellis / Bryan Kagel 216-363-6416 / Jim Vanco 216-363-6412 -- 3,531 SF (1,500-3,531 SF) 16433 Foltz Industrial Pky Strongsville 1 Building Type: Class C Flex Status: Built 1982 Building Size: 16,533 SF Land Area: 2.30 AC Space Avail: 16,533 SF Max Contig: 16,533 SF Smallest Space: 16,533 SF Rent/SF/Yr: $4.50 Koscielny Property Management / Woody Hall 216-749-8537 -- 16,533 SF /2,400 ofc (16,533 SF) 17000 Foltz Industrial Pky Strongsville 2 Status: Built 1984 Building Size: 33,840 SF Land Area: 3.20 AC Space Avail: 16,800 SF Max Contig: 16,800 SF Smallest Space: 16,800 SF Rent/SF/Yr: $4.25 % Leased: 50.4% Koscielny Property Management / Woody Hall 216-749-8537 -- 16,800 SF /2,400 ofc (16,800 SF) 17295 Foltz Industrial Pky Building Type: Class C Flex Status: Built Dec 2001 Building Size: 40,000 SF Expenses: 2003 Est Ops @ $0.60/sf Space Avail: 33,184 SF Max Contig: 21,384 SF Smallest Space: 3,960 SF Rent/SF/Yr: $5.50-$12.00 % Leased: 17.0% Pinnacle Real Estate Services / Jeff Rudy 216-328-1555 -- 33,184 SF (3,960-21,384 SF) Page 5
8220 Mohawk Dr Status: Built Oct 2000 Building Size: 77,837 SF Land Area: 9.50 AC Space Avail: 77,837 SF Max Contig: 77,837 SF Smallest Space: 25,000 SF % Leased: 100% Duke Realty Corporation / Spencer N. Pisczak 216-643-6210 Sublet Contact: The Staubach Company / Joseph A. Messina 216-937-4386 -- 77,837 SF /10,337 ofc (25,000-77,837 SF) Pearl Rd @ Shurmer Rd Strongsville Town Center Building Type: Retail/Neighborhood Ctr Status: Built 1979 Building Size: 130,000 SF Land Area: 12.00 AC Space Avail: 6,500 SF Max Contig: 3,500 SF Smallest Space: 200 SF Rent/SF/Yr: $10.00-$14.00 % Leased: 95.0% Emmco Corp. / Jeff Soclof 216-292-3700x14 -- 6,500 SF (200-3,500 SF) 11925 Pearl Rd Strongsville Professional Bldg Building Size: 20,000 SF Typical Floor Size: 4,000 SF Stories: 4 Space Avail: 1,200 SF Max Contig: 750 SF Smallest Space: 450 SF Rent/SF/Yr: $14.00 % Leased: 94.0% Coventry Management, Inc. / Joe Constantino 440-238-4458 -- 1,200 SF (450-750 SF) 12190-12214 Pearl Rd Crossroads Center Building Type: Retail/Unanchored Strip Ctr Building Size: 14,000 SF Expenses: 1999 Ops @ $0.93/sf Space Avail: 1,135 SF Max Contig: 1,135 SF Smallest Space: 1,135 SF Rent/SF/Yr: $12.00 % Leased: 91.9% KipCo Management Company / Brian Kipplinger 440-238-6760x5 -- 1,135 SF (1,135 SF) Page 6
14092 Pearl Rd Fifth Third Bank Bldg Status: Built 1964 Building Size: 20,000 SF Typical Floor Size: 10,000 SF Stories: 2 Space Avail: 7,218 SF Max Contig: 3,654 SF Smallest Space: 3,564 SF Rent/SF/Yr: $15.00-$16.00 % Leased: 82.2% Colliers International / Thomas M. West 216-861-5290 Leasing Company: Reisenfeld & Co / Hal Reisenfeld 216-765-8080x231 -- 3,564 SF (3,564 SF) Sublet Contact: Dalad Realty Company / Lloyd Mazur 216-524-3121x125 -- 3,654 SF (3,654 SF) 14612 Pearl Rd Building Type: Retail/Neighborhood Ctr Building Size: 8,450 SF Space Avail: 2,500 SF Max Contig: 2,500 SF Smallest Space: 2,500 SF Rent/SF/Yr: $14.00 % Leased: 70.4% Tvorik Realty / Steve Tvorik 440-884-3535 -- 2,500 SF (2,500 SF) 14780 Pearl Rd Stella Plaza of Strongsville Space Avail: 10,200 SF Status: Built Jan 2001 Max Contig: 4,200 SF Building Size: 22,600 SF Smallest Space: 1,800 SF Typical Floor Size: 4,200 SF Rent/SF/Yr: $16.00 Stories: 3 % Leased: 54.9% For Sale: For Sale at $2,250,000 ($99.56/SF) Sales Company: Colliers International / Gregory West 216-861-5379 / Geoff Coyle 216-861-5286 Colliers International / Gregory B. West 216-861-5379 / Geoff F. Coyle 216-861-5286 -- 10,200 SF (1,800-4,200 SF) 15290-15300 Pearl Rd Pearl South Plaza Building Type: Class C Office Status: Built 1978 Building Size: 24,000 SF Typical Floor Size: 12,000 SF Stories: 2 Space Avail: 3,520 SF Max Contig: 3,000 SF Smallest Space: 520 SF Rent/SF/Yr: $6.50 % Leased: 97.8% KipCo Management Company / Brian Kipplinger 440-238-6760x5 -- 3,520 SF (520-3,000 SF) Page 7
16938 Pearl Rd Building Type: Retail/Freestanding Status: Built Feb 2004 Building Size: 10,100 SF Space Avail: 1,700 SF Max Contig: 1,700 SF Smallest Space: 1,700 SF Rent/SF/Yr: $17.00 % Leased: 83.2% Tony Sheiban / Tony Sheiban 440-238-0065 -- 1,700 SF (1,700 SF) 17518 Pearl Rd Building Type: Retail/Freestanding Status: Built 1960 Building Size: 4,000 SF Land Area: 0.37 AC Space Avail: 4,000 SF Max Contig: 4,000 SF Smallest Space: 4,000 SF Zatik, Andrew J / Andrew J. Zatik 440-572-1565 -- 4,000 SF (4,000 SF) 17608 Pearl Rd Park View Plaza Building Type: Retail/Neighborhood Ctr Status: Built 2002 Building Size: 25,000 SF Space Avail: 18,000 SF Max Contig: 18,000 SF Smallest Space: 18,000 SF Rent/SF/Yr: $14.00 % Leased: 100% The Krone Group / Neil Skelton 216-464-5900x234 -- 18,000 SF (18,000 SF) 18400 Pearl Rd Space Avail: 9,700 SF Status: Built 2002 Max Contig: 4,850 SF Building Size: 9,700 SF Smallest Space: 4,850 SF Typical Floor Size: 4,850 SF Stories: 2 For Sale: For Sale at $798,000 ($82.27/SF) Sales Company: HMR Commercial Real Estate / Frank Spinelli 440-846-1234 HMR Commercial Real Estate / Frank Spinelli 440-846-1234x201 -- 9,700 SF (4,850 SF) Page 8
19449 Progress Dr Kohl & Madden Print Status: Built 1964 Building Size: 14,860 SF Land Area: 1.00 AC Space Avail: 14,860 SF Max Contig: 14,860 SF Smallest Space: 14,860 SF Rent/SF/Yr: $3.25 % Leased: 100% Sublet Contact: Company information unavailable at this time Pinnacle Real Estate Services / Don Rudy 216-328-1555 -- 14,860 SF /3,000 ofc (14,860 SF) 19511 Progress Dr D & J Structural Status: Built 1970 Building Size: 16,752 SF Land Area: 1.20 AC Space Avail: 14,808 SF Max Contig: 7,404 SF Smallest Space: 3,702 SF Rent/SF/Yr: $7.12-$7.88 % Leased: 11.6% Pinnacle Real Estate Services / Jeff Rudy 216-328-1555 -- 14,808 SF /8,604 ofc (3,702-7,404 SF) 19579 Progress Dr Building Size: 22,000 SF Space Avail: 7,260 SF Max Contig: 4,060 SF Smallest Space: 3,200 SF Rent/SF/Yr: $5.25 % Leased: 67.0% Pinnacle Real Estate Services / Jeff Rudy 216-328-1555 -- 7,260 SF /2,700 ofc (3,200-4,060 SF) 20365 Progress Dr Manset Marine Building Type: Industrial/Manufacturing Space Avail: 70,000 SF Status: Built 1975 Max Contig: 70,000 SF Building Size: 70,000 SF Smallest Space: 70,000 SF Land Area: 3.80 AC Rent/SF/Yr: $3.75 % Leased: 100% For Sale: For Sale at $1,900,000 ($27.14/SF) Sales Company: Grubb & Ellis / Herbert Davis 216-453-3010 / Michael Petrigan 216-453-3017 Grubb & Ellis / Michael Petrigan 216-453-3017 / Herbert Davis 216-453-3010 -- 70,000 SF (70,000 SF) Page 9
12001 Prospect Rd Building Type: Class B Flex Space Avail: 10,000 SF Status: Built 2001 Max Contig: 5,000 SF Building Size: 64,000 SF Smallest Space: 5,000 SF % Leased: 84.4% For Sale: For Sale at $4,800,000 ($75.00/SF) Sales Company: X-Cell Properties / Mike Cappy 440-572-7500 X-Cell Properties / Mike Cappy 440-572-7500 -- 10,000 SF (5,000 SF) 13477 Prospect Rd The Terry Bldg Building Type: Class B Flex Space Avail: 1,800 SF Status: Built 1976 Max Contig: 1,100 SF Building Size: 31,000 SF Smallest Space: 700 SF Land Area: 1.80 AC Rent/SF/Yr: $13.00 Stories: 2 % Leased: 94.2% For Sale: For Sale at $2,395,000 ($77.26/SF) Sales Company: CB Richard Ellis / Jim Vanco 216-363-6412 RFC Contracting Inc / Showbu Thomas 440-572-9444 -- 1,800 SF (700-1,100 SF) Royalton Rd Outlot of Southpark Mall Building Type: Retail/Freestanding Status: Built 1996 Building Size: 15,000 SF Space Avail: 4,418 SF Max Contig: 4,418 SF Smallest Space: 4,418 SF % Leased: 70.5% Creative Realty Group / Deb O'Shaughnessy 216-378-9700 -- 4,418 SF (4,418 SF) Royalton Rd @ Ordner Dr Greens of Strongsville Building Type: Retail/Community Ctr Building Size: 327,049 SF Space Avail: 5,131 SF Max Contig: 3,472 SF Smallest Space: 1,659 SF % Leased: 98.4% Goodman Real Estate Services Group LLC / Zachary M. Sogoloff 216-381-8200x210 -- 5,131 SF (1,659-3,472 SF) Page 10
26495 Royalton Rd Building Type: Class C Office Building Size: 2,500 SF Typical Floor Size: 2,500 SF Space Avail: 1,050 SF Max Contig: 1,050 SF Smallest Space: 1,050 SF Rent/SF/Yr: $10.28 % Leased: 58.0% RFP Insurance Agency / Rich Tipul 440-236-9603 -- 1,050 SF (1,050 SF) 14843 W Sprague Rd Dow Circle Office Bldg Status: Built Jan 2004 Building Size: 21,860 SF Typical Floor Size: 21,860 SF Space Avail: 18,860 SF Max Contig: 18,860 SF Smallest Space: 2,100 SF Rent/SF/Yr: $13.00 % Leased: 13.7% Colliers International / Brian V. Conroy 216-861-5353 / Scott A. Pick 216-861-5261 -- 18,860 SF (2,100-18,860 SF) 14955 W Sprague Rd Sprague Center Status: Built 1975, Renov 1991 Building Size: 62,692 SF Typical Floor Size: 32,346 SF Stories: 2 Space Avail: 10,000 SF Max Contig: 10,000 SF Smallest Space: 2,000 SF Rent/SF/Yr: $14.50 % Leased: 84.0% CB Richard Ellis / Bryan Kagel 216-363-6416 / Jim Vanco 216-363-6412 -- 10,000 SF (2,000-10,000 SF) 15885 W Sprague Rd LESCO Building Type: Class A Office Space Avail: 88,816 SF Status: Built 1985, Renov 2001 Max Contig: 88,816 SF Building Size: 88,816 SF Smallest Space: 88,816 SF Typical Floor Size: 88,816 SF Rent/SF/Yr: $8.50 Stories: 2 % Leased: 100% Expenses: 2003 Est Tax @ $1.53/sf; 2003 Est Ops @ $4.19/sf Weber Wood Medinger / James E. Klements 216-464-7100 Sublet Contact: Weber Wood Medinger / James E. Klements 216-464-7100 -- 88,816 SF (88,816 SF) Page 11