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1 General Information Pricing Details Location: 200 St. Clair Sale Price: $7,000,000 (319 Madison Ave.) Lease Price: $12.50 SF Gross Former Owens Corning World Headquarters City/State: Toledo OH County: Lucas Zip: Closest Intersection: Jefferson near proposed $80 Million Dollar Arena Property Information Building SF: 392,000 SF Gross Available (includes all common areas, etc.) Usable Space 1 st : Approx. 8,827 SF Available: 2 nd 6 th : Approx. 8,905 SF/Fl 7 th 14 th : Approx. 8,970 SF/Fl 15 th 25 th : Approx. 9,600 SF/Fl 26 th 28 th : Approx. 9,700 SF/Fl Arcade: 18, 864 SF usable Gross Floor Size: 12,761 SF Will lease minimum 50,000 SF Land Size: Acres Parking: Attached garage 4 floors with 514 spaces Previous Use: Owens Corning Fiberglass World Headquarters Comments/Features Class B Office Building. 28 Floor High Rise. Income from Garage and Rooftop Antenna's on file. Ideal for Headquarter offices conversion or residential (with three 4,000 SF units per floor would convert to approx. 120 total units (market study on file). 113 parking spaces in garage are assigned to adjoining apartment complex. *See parking agreement for details. Proposed Arena Site 5 th /3 rd Field SITE Owens Corning Headquarters MICHAEL REALTY COMPANY 300 MADISON AVENUE SUITE 1530 TOLEDO, OHIO PHN 419/ FAX 419/
2 Building Details Year Built: 1969 Basement: 16,570 SF (6,190 SF usable ) Type Construction: High Rise Sprinklers: Yes - partial Type of Floors: Shell Public Transport TARTA Type of Heat: Shell Restrooms: Per floor Air Conditioning: Shell Ceiling Height: Shell No. of Floors: 28; High Rise Delivery Doors: Yes Elevator: Yes Loading Dock: Yes Lease Specifications Utilities/Heat: Lessor Roof: Lessor Electricity: Lessor Structure: Lessor Water: Lessor Escalation: Negotiable Real Estate Taxes: Lessor CAM: Lessor Insurance: Lessor Janitorial: Lessor Improvements: Negotiable Lease Term: Negotiable Real Estate Tax Information Utilities RE Tax Year: 2004 Water: City of Toledo Total Annual Taxes: $111,446 Sanitary Sewer: City of Toledo Tax District: Toledo CSD Storm Sewer: City of Toledo Gas: Columbia Gas Electric: Toledo Edison * Parking Documents - Among the Due Diligence Materials will be a certain Ingress, Egress and Parking Easement Agreement recorded at D02 of the Lucas County, Ohio records ( Parking Easement ) which pertains to a certain Parking Agreement between Seller and Riverfront Apartments Limited Partnership ( Parking Agreement ). The Parking Easement and the Parking Agreement describe the terms and conditions upon which certain parking spaces in the garage structure included in the Realty are used by residents of the adjacent Riverfront Apartments building. At Closing, certain rights and obligations of Seller under the Parking Agreement shall be assigned to and assumed by Purchaser pursuant to a Partial Assignment of Parking Agreement ( Parking Assignment ) to be executed at Closing by Purchaser and Seller in the form provided by Seller to Purchaser with the Due Diligence Materials. The Parking Easement, the Parking Agreement and the Parking Assignment are referred to collectively as the Parking Documents in the is Agreement. Various City, County and State Redevelopment incentives may be available, including, but not limited to: Low interest Port Authority Bonds to purchase and renovate County Real Property Tax Abatement (on the increased building value, after renovation) State of Ohio Brownfield asbestos removal grants Job incentives from the City of Toledo (partial abatement on the City s 2.25% income/payroll tax, for new job creation Federal New Markets Tax Credit. Each incentive must be allocated and voted on by Council and Mayor for the City, County Commissioners, and a procedure for the Port Authority.
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5 Standard Tower Floor 12,751 SF/Gross
6 Jefferson Avenue Office Lobby Former Bank Tower Summit Street Common Hallway
Commercial Building for Sale or Lease
GENERAL INFORMATION Location: Rd Closest Intersection: Alexis & Yermo City, State: Toledo, Ohio County: Lucas Zip: 43613 Parcel No: 2359681 REDUCED! Sale Price: $395,000 Leasing Prices: Suite B (1702 SF):
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