Property Record

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Lambert Boyd
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1 Property Record Orange County Property Appraiser Property Summary Property Name Fashion Square Mall-Penneys Names M M M Lakewood LTD Lllp Municipality ORL - Orlando Property Use Rtl Reg Mall I Mailing Address 605 E Robinson St Ste 620 Orlando, FL Physical Address 3201 E Colonial Dr Orlando, FL QR Code For Mobile Phone

14 Value and Taxes

15 Historical Value and Tax Benefits Tax Year Values Market Value Assessed Value 2018 $22,582,313 (1.1%) $22,582,313 (1.1%) $22,333,851 (- 34%) $33,801,353 (- 23%) $43,980,239 $22,333,851 (- 34%) $33,801,353 (- 3.2%) $34,921,470 Tax Year Benefits Tax Savings $0 $0 $0 $106, Taxable Value and Estimate of Proposed Taxes Taxing Authority Assd Value Exemption Tax Value Millage Rate Taxes % Public Schools: By State Law (Rle) $22,582,313 $0 $22,582, (-4.05%) $91, % Public Schools: By Local Board $22,582,313 $0 $22,582, (0.00%) $73, % Orange County (General) $22,582,313 $0 $22,582, (0.00%) $100, % City Of Orlando $22,582,313 $0 $22,582, (0.00%) $150, % Library - Operating Budget $22,582,313 $0 $22,582, (0.00%) $8, % St Johns Water Management District $22,582,313 $0 $22,582, (-5.95%) $5, % $429, Non-Ad Valorem Assessments Levying Authority Assessment Description Units Rate Assessment CITY OF ORLANDO ORLANDO STORM - DRAINAGE - (407) $1.00 $40, $40, Income Pro forma (as of Jan 1st 2018) for Fashion Square Mall-Penneys, which includes parcel(s): PID DOR Code DOR Description Allocation Percentage Retail Regional Mall Class I 100% Note: Pro forma does not contain actual income and expenses specific to this property if provided by the property owner. Rent Roll Rentable Type Description Restrict Efficiency Net Rentable Rent Rental Annual Area Rent Ratio Area Amount Period Rent 41,336 SF Square Feet % 41,336 $ $330, SF Square Feet % 856 $ $21, ,421 SF Square Feet N % 382,421 $ $8,413, ,491 SF Square Feet % 110,491 $ $883,928 Percent Amount Per SqFt. Potential Gross Income $9,649,278 $18.03 less Vacancy/Collection Loss 40.00% $3,859,711 = Effective Gross Income $5,789,567 $10.82 plus Ancillary Income 0.00% $0 $0.00 = Adjusted Gross Income $5,789,567 $10.82 less Expenses 55.46% $3,210,624 $6.00 = Net Gross Income $2,578,943 $4.82 plus Miscellaneous Income

16 = Net Operating Income $2,578,943 $4.82 Overall Rate % plus Millage Rate/Tax Rate % = Capitalization Rate % Capitalized Value $22,582,313 $42.20 less TPP Amount $0 $0.00 plus Additional Value (+/-) Total Misc Adjustment = Income Value $22,582,313 $42.20 Property Features Property Description ORLANDO FASHION SQUARE 27/3 LOT 1 (LESS COMM SW COR SEC 20 N 62 FT E FT S 86 DEG E FT E FT N 145 FT W 100 FT N FT E FT N 66 DEG E FT S 69 DEG E FT N FT W FT N 34 DEG W FT FOR POB TH CONT N 34 DEG W FT W FT N FT N 55 DEG E FT S 34 DEG E FT S 55 DEG W FT TO POB) & (LESS COMM SW COR SEC 20 N 62 FT E FT S 86 DEG E FT E FT FOR POB N 780 FT E 140 FT N 332 FT E FT S FT N 69 DEG W FT S 66 DEG W FT W FT S FT E 100 FT S 145 FT W 600 FT TO POB) & (LESS ORLANDO FASHION SQUARE 27/3 LOT 1 & ORLANDO OFFICE CENTER 12/62 LOT 1 THAT PORTION MORE PARTICULARLY DESC AS COMM AT NE COR OF LOT 1 OF SAID ORLANDO OFFICE CENTER SAID PT BEING THE POB & LYING ON THE SLY R/W LINE OF MAGUIRE BLVD ALSO BEING PT OF CURV CONCAV SE HAV RAD OF 1900 FT & CENT ANG OF & CHORD BEARING OF S W & ARC LENGTH OF FT TH S E FT TH S W FT TH N W 20 FT TH S W 469 FT TH S E 157 FT TH S W FT TO A PT LYING ON THE ELY R/W LINE OF MCCULLOUGH AVENUE TH S E FT TH S E FT TH N E FT TH N W FT TH N E FT TH N W FT TO SE COR OF LOT 1 OF SAID ORLANDO OFFICE CENTER TH N W FT TO THE POB) Total Land Area 1,260,086 sqft (+/-) acres (+/-) GIS Calculated Land Land Use Code Zoning Land Units Unit Price Land Value Class Unit Price Class Value Rtl Reg Mall I AC SQUARE FEET $11.33 $14,276,783 $0.00 $14,276,783 Buildings Model Code 04 - Commercial Type Code Rtl Reg Mall I Building Value $2,790,158 Estimated New Cost $55,803,166 Actual Year Built 1973 Beds 0 Baths 0.0 Floors 2 Gross Area sqft Living Area sqft Exterior Wall Cmt.Brick Interior Wall Dec.Wall.C Subarea Description Sqft Value BAS - Base Area $42,013,858 FOP - F/Opn Prch 1907 $81,561 FUS - F/Up Story $8,253,394 SAB - Salesa B/A $5,029,910 ULP - Unf L Ptfm 2486 $35,457 UST - Unf Storag $388,986 Model Code 06 - Warehouse Type Code Parking Garage Building Value $1,422,135 Estimated New Cost $14,221,351 Actual Year Built 1992 Beds 0 Subarea Description Sqft Value BAS - Base Area $5,246,006 FUS - F/Up Story $8,939,059 PTO - Patio 1209 $2,052 UST - Unf Storag 2001 $34,234

17 Beds 0 Baths 0.0 Floors 3 Gross Area sqft Living Area sqft Exterior Wall Renf.Concr Interior Wall Minimum Model Code 04 - Commercial Type Code Rtl Dept Store Building Value $602,784 Estimated New Cost $12,055,689 Actual Year Built 1993 Beds 0 Baths 0.0 Floors 2 Gross Area sqft Living Area sqft Exterior Wall Prec.Panel Interior Wall Dec.Wall.C Subarea Description Sqft Value BAS - Base Area $5,791,083 FST - Fin Storge $768,294 FUS - F/Up Story $5,443,642 ULP - Unf L Ptfm 3450 $52,670 Model Code 06 - Warehouse Type Code Ped Sky Bridge Building Value $19,189 Estimated New Cost $191,887 Actual Year Built 1992 Beds Baths Floors 1 Gross Area 720 sqft Living Area 720 sqft Exterior Wall Minimum Interior Wall Minimum Model Code 06 - Warehouse Type Code Ped Sky Bridge Building Value $12,793 Estimated New Cost $127,925 Actual Year Built 1992 Beds Baths Floors 1 Gross Area 480 sqft Living Area 480 sqft Exterior Wall Minimum Interior Wall Minimum Subarea Description Sqft Value BAS - Base Area 720 $191,887 Subarea Description Sqft Value BAS - Base Area 480 $127,925

18 Extra Features Description Date Built Units Unit Price XFOB Value PVAS - Pav Asph 04/26/ Square Feet $3.50 $503,125 ESC3 - Escalator 3 04/26/ Unit(s) $50, $62,500 CLV1 - Comm Elevator 1 01/01/ Unit(s) $25, $12,500 FNT2 - Better Quality Fountain 01/01/ Unit(s) $3, $750 Sales Sales History Sale Date Sale Amount Instrument # Book/Page Deed Code Seller(s) Buyer(s) Vac/Imp 10/03/1989 $ / 2996 Quitclaim Multiple Mccrory Holding Co M M M Lakewood LTD Lllp Improved

Property Record

Property Record - 24-22-27-0000-00-016 Orange County Property Appraiser http://www.ocpafl.org Property Summary Property Name Peoples Plaza West Names Peoples Plaza LLC Municipality WG - Winter Garden Property